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Lawmakers spar over prospects for SEC's climate disclosure rule

The Securities and Exchange Commission’s (SEC) new “climate disclosure” rule was the latest flashpoint in the GOP’s battle against government overreach in a House hearing Thursday. Republicans say the rule is not only a threat to enterprise but will be struck down in court, with the Supreme Court this week signaling it will claw back…
United States West Virginia Lawrence Cunningham Mayer Brown Rashida Tlaib George Georgiev
Source: yahoo.com

Investors In Kraken Crypto Exchange Converted Over $1 Billion In Bitcoin To Cash Before SEC Ruling On Spot Bitcoin ETFs

Kraken, one of the world's largest crypto exchanges, saw investors convert over $1 billion in Bitcoin to cash before a recent SEC Ruling on Bitcoin ETFs. Crypto investors withdrew over $1 billion worth of Bitcoin and converted it to cash on the Kraken exchange shortly before the Securities and Exchange Commission's (SEC) recent ruling allowing spot Bitcoin exchange-traded funds (ETFs). The withdrawals/conversions were conducted throughout more than three dozen transactions between Jan....
Bitcoin Etfs Bitcoin Trust Fidelity Wise Origin Bitcoin Fund Wisdomtree Bitcoin Fund Nasdaq Stock Exchange Valkyrie Bitcoin Fund
Source: yahoo.com

US SEC willing to delay Terraform Labs trial for Do Kwon's extradition

The U.S. Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion cryptocurrency fraud, so that Kwon can be extradited and attend. In a Monday filing in Manhattan federal court, the SEC said a "modest" adjournment of the Jan. 29 trial was justified, based on statements from Kwon's lawyer that Kwon wanted to attend, agreed to extradition from Montenegro, and could be in the United State...
South Korea New York United States Jonathan Stempel Matthew Lewis Jed Rakoff
Source: yahoo.com

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Wyden, Lummis call for investigation into SEC X account hack

A bipartisan Senate duo is calling for the inspector general of the Securities and Exchange Commission (SEC) to open an investigation into the recent hack of the agency’s account on X, formerly known as Twitter. Sens. Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) urged SEC Inspector General Deborah Jeffrey in a letter on Thursday to…
Deborah Jeffrey Gary Gensler Patrick Mchenry Senate Banking Affairs Committee House Financial Services
Source: yahoo.com

US approves Bitcoin investment product. Here's why it matters

The Securities and Exchange Commission on Wednesday gave its approval for some Bitcoin ETFs, just a day after a fake post on the agency's account on X made a similar announcement and sent the value of Bitcoin soaring. The price of Bitcoin vaulted skyward on Tuesday afternoon after the SEC appeared to deliver a major breakthrough for the cryptocurrency. Minutes after the post went up Tuesday, SEC Chair Gary Gensler punctured the euphoria, saying on X that a hacker had commandeered the agency...
Sabeeh Ashhar Manan Agarwal Sam Bankman Changpeng Zhao Dennis Kelleher Standard Chartered Bank
Source: aol.com

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