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Ramaswamy's Crypto Policy Calls for Deregulation and Gutting the SEC

(Bloomberg) -- Vivek Ramaswamy vows to rescind most federal cryptocurrency regulations and drastically reduce headcount at the Securities and Exchange Commission if he is elected president.Most Read from BloombergHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsBiden, Xi Declare Progress After Concluding Four-Hour Summit‘Fed-Friendly’ Data Lift Bonds as Stocks Struggle: Markets WrapXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’...
United States Bloomberg Businessweek Donald Trump Bloomberg Vivek Ramaswamy Sam Bankman Ron Desantis
Source: yahoo.com

Exclusive: 5 Senate Banking Dems demand more details on corporate lobbying strategy

In a letter Wednesday shared exclusively with The Hill, five Democrats who sit on the Senate Banking Committee urged the Securities and Exchange Commission (SEC) to require companies to disclose more details on their corporate lobbying strategy to shareholders. The senators want the SEC to develop a new rule that would “require registered companies to…
Jon Golinger John Fettermand Pa Sherrod Brownd Ohio Tina Smithd Minn Exchange Commission Members Of Congress
Source: yahoo.com

SEC Touts $5 Billion in Penalties After Year of Crypto Dragnet

(Bloomberg) -- The US Securities and Exchange Commission said that its enforcement actions during fiscal year 2023 led to almost $5 billion in fines and money ordered to be reimbursed to investors, as the agency sued Wall Street brokerages and many of the largest players in the crypto industry.Most Read from BloombergS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexBiden, Xi to Announce China’s Cra...
United States Gary Gensler Changpeng Zhao Bloomberg Businessweek Sam Bankman Binance Holdings Ltd
Source: yahoo.com

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Elon Musk asks court to reject SEC's bid to force him to testify in Twitter probe

Elon Musk asked a federal judge on Thursday not to force him to testify in the U.S. Securities and Exchange Commission's probe into his $44 billion takeover of social media site Twitter. Musk filed the objections in San Francisco federal court, where the SEC sued him on Oct. 5 to make him testify for the probe, which it launched in April 2022. The SEC's subpoena exceeds the agency's investigative authority, is overly burdensome and seeks "irrelevant evidence", Musk&#x2...
New York United States San Francisco Chris Prentice Alex Spiro Dan Whitcomb
Source: yahoo.com

Factbox-The other crypto bosses in US authorities' crosshairs

Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry. The U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Zhao in June for allegedly operating "a web of deception." Binance and Zhao were also sued by the U.S. Commodity Futures Trading Commission in March for operating what the regulator alleged were an "illegal&#x2...
New York United States Letitia James Alex Mashinsky Sam Bankman Barry Silbert
Source: yahoo.com

Activist Elliott Sues SEC for Records on Proposed Swap Rules

(Bloomberg) -- Elliott Investment Management, the activist firm founded by Paul Singer, is suing the US Securities and Exchange Commission in an effort to obtain records on rule proposals that would impact his firm’s strategy of building stakes in public companies.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIsrael’s Fight With Iran Proxies in Syria Poisons Russia TiesHedge Fund Exec...
United States Paul Singer Lydia Beyoud Bloomberg Businessweek Exchange Commission Investment Management
Source: yahoo.com

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