Appeals court rejects SEC fee rule in win for private equity, hedge fund industry
A U.S. appeals court has struck down a Securities and Exchange Commission rule aimed at giving investors more transparency into private funds, handing a victory to an industry with nearly $27 trillion in assets. In a 3-0 decision on Wednesday, the New Orleans-based U.S. 5th Circuit Court of Appeals ruled in favor of six private […]
SEC Chair Gary Gensler says disclosures not enough to protect crypto exchanges – The Block
Regulation • June 5, 2024 3:38 PM EDT Published 1 minute ago upon U.S. Securities and Exchange Commission Chairman Gary Gensler said on Wednesday that federal securities regulators may still take enforcement action against cryptocurrency exchanges even if they disclose the risks of their products to retail investors. On CNBC interviewGensler said that crypto exchanges […]
The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing – CNBC
VanEck CEO Jan VanEck sees a major shift in sentiment in the cryptocurrency market related to the U.S. Securities and Exchange Commission approving rule changes to allow Ethereum exchange-traded funds. “This is one of the most amazing things I’ve seen in my career in securities regulation,” Van Eck told CNBC’s “ETF Edge” this week. VanEck […]
Elon Musk says he’ll testify in SEC investigation of his Twitter purchase
After dodging the Securities and Exchange Commission for months, Elon Musk has finally agreed to testify in the agency’s investigation into his 2022 acquisition of Twitter. The SEC began investigating Musk’s purchase of Twitter, now known as X, on May 22 over concerns about whether Musk broke federal securities law when he bought stock in […]
Sec Def Austin To Undergo Another Medical Procedure Following January Hospital Scare
Secretary of Defense Lloyd Austin will undergo a medical procedure on Friday, the Department of Defense announced, following previous medical issues that he did not initially disclose to the White House or the American public. Austin will go to the Walter Reed National Military Medical Center on Friday for a “scheduled, elective, and minimally invasive […]
Sec. Pete Buttigieg calls out Rep. Lauren Boebert over infrastructure post
Transportation Sen. Pete Buttigieg on Wednesday criticized Rep. Lauren Boebert (R-Colo.) for taking credit for securing federal funding for a bridge in her district, when in fact she voted against a bipartisan infrastructure bill that funded the project. “Great meeting with Glenwood Springs City Councilman and former Mayor Jonathan Godes,” Boebert said. Post Posted X […]
SEC signals possible approval of anticipated Ethereum spot ETFs
Congressman Tom Emmer (R-Minn.) discusses new legislation to protect Americans’ digital currency privacy when it comes to “making money.” The Securities and Exchange Commission is close to approving a highly anticipated “spot” Ethereum exchange-traded fund as early as this week, FOX Business reports. Sources close to the SEC say the SEC and its Chairman Gary […]
SEC asks exchanges to fine-tune ether ETF filings in positive sign for approval, say sources
Ali McCartney, Managing Director of UBS Private Wealth Management, discusses how geopolitical tensions are impacting the market on how money is made. U.S. securities regulators on Monday asked Nasdaq, CBOE and NYSE to fine-tune their applications to list Spot Ether exchange-traded funds (ETFs), raising the possibility that the agency may be prepared to approve the […]
Prometheum's Ethereum Custody Controversy Reignites SEC Security Label Fears – Decrypt
Cryptocurrency advocacy groups targeting industry skeptics on Capitol Hill are slamming Promethium, much-controversial cryptocurrency company has been arrested by the U.S. Securities and Exchange Commission (SEC) for its nascent Ethereum business They are accusing them of putting a damper on the country. Promethium reportedly launched an Ethereum custody service on Friday, offering to protect assets […]
Fmr sec of state issues urgent warning on this ‘deep’ national security threat
Former Secretary of State Mike Pompeo discusses Haiti’s gang crisis and lawmakers’ ongoing efforts to ban TikTok in the U.S. … source