SEC backtracks on ‘crypto asset securities’ claim in Binance suit – crypto.news
In an amended complaint against cryptocurrency exchange Binance and its former CEO Changpeng Zhao, the U.S. Securities and Exchange Commission said it never intended to classify cryptocurrencies as securities. While expanding Binance Litigation In response to the request to include the three additional tokens, the Securities and Exchange Commission withdrew the “cryptocurrency securities” assertion it […]
Walz owns no stocks, securities or real estate, per disclosures
Minnesota Governor Tim Walz, the new Democratic vice presidential nominee, doesn’t own any stocks, securities or real estate, according to his latest financial disclosures. Axios Leads the Way Reported disclosure The announcement on Wednesday came after it was announced Tuesday that Walz would run alongside Vice President Harris as the Democratic nominee against former President […]
Supreme Court Vindicates Right to Jury Trial in Securities Fraud Cases
The Supreme Court ruled Thursday that people accused of civil fraud by the Securities and Exchange Commission have the right to a jury trial before a federal judge, denying the commission’s authority to take enforcement actions and impose fines through its internal courts. The ruling is a major blow to what has in recent years […]
Australian securities exchange approves its first spot Bitcoin ETF – Cointelegraph
Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has approved its first spot Bitcoin exchange-traded fund (ETF), which is set to begin trading on June 20. According to a press release shared with Cointelegraph by investment firm VanEck, the company will be launching a spot bitcoin ETF, the VanEck Bitcoin ETF (VBTC). This comes […]
House passes bill to create new cryptocurrency framework despite pushback from Securities and Exchange Commission Chair Gary Gensler
The House of Representatives on Wednesday passed a bill that would create a new framework for when virtual currencies should be regulated by the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). The House passed the 21st Century Financial Innovation and Technology Act (FIT 21) by a vote of 279-136, despite […]
US Tesla Autopilot probe focusing on securities, wire fraud
U.S. prosecutors are investigating whether Tesla committed securities and wire fraud by misleading investors and consumers about its electric cars’ self-driving features, three people familiar with the matter told Reuters. are doing. Tesla’s Autopilot and fully self-driving systems help with steering, braking, and lane changes, but they are not fully self-driving. Tesla warns drivers to […]
New Coinbase Lawsuit Suggests Solana (SOL), NEAR (NEAR), Stellar (XLM) And Other Coins Are Securities – U.Today
Alex Dovnya Coinbase faces new class action lawsuit in California Read U.TODAY google news Coinbase, a virtual currency exchange based in the United States, confronting New class action lawsuit in the Northern District of California. The complaint states that Coinbase offered and sold securities and investments to the plaintiffs and the class. The extensive list […]
The Banks: “Unrealized Losses” in Q4, Securities Held by Banks, Bank Failures, and the Dropping Bank Count – WOLF STREET
Several banks will fail in 2024. Five banks will fail in 2023. In 1989, more than 500 banks failed. Since 1936, there have been only five years without a bank failure. Written by Wolf Richter of Wolf Street. The plunge in long-term interest rates (now partially reversed) inspired by the rate cut mania at the […]