Page 5 - The Sec News Today

(Bloomberg) -- President Joe Biden’s victory is already leading to consequences for Wall Street, as U.S. regulators are scrapping a Trump-era policy that critics contend helped insulate firms from tougher penalties.At issue are waivers that banks, hedge funds and other financial companies must obtain to protect themselves from knock-on sanctions that are automatically triggered when they settle enforcement cases with the Securities and Exchange Commission. In a major policy shift, the SEC...

The outlook for bitcoin would still be bright if banking veteran Gary Gensler is appointed the next chief of the U.S. Securities and Exchange Commission, argues bitcoin bull Mike Novogratz.