SEC

President Donald Trump named Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission (SEC), acting chair of the agency. What Happened: The White House confirmed Uyedas’s role as acting chair of the agency. Trump picked former SEC Commissioner Paul Atkins to oversee the...

Digital Currency Group (DCG), a prominent player in the cryptocurrency industry, on Friday agreed to settle with the U.S. Securities and Exchange Commission (SEC) for misleading investors. What Happened: DCG, founded by Barry Silbert, and its former executive, Soichiro “Michael...

Payments-focused cryptocurrency XRP (CRYPTO: XRP) surged past $3 for the first time in 7 years on Wednesday in anticipation of a cryptocurrency-friendly SEC under the incoming Donald Trump administration. What happened: XRP leaped over 8% in the last 24 hours to a market capitalization of $174...

Elon Musk criticized the SEC after being sued for allegedly failing to disclose a substantial stake in X (formerly known as Twitter) before his acquisition of the platform. What Happened: Elon Musk called the SEC on Wednesday on X a “totally broken organization” that is focusing on...

The U.S. SEC appears set for a significant shift in its approach to cryptocurrency regulation, potentially starting as early as next week, as President-elect Donald Trump takes office. What Happened: Reuters reported that key Republican commissioners, Hester Peirce and Mark Uyeda, are planning to...

In his final days as SEC Chair, Gary Gensler defended his legacy, emphasizing the agency's focus on regulating the $60 trillion U.S. equity market and addressing systemic issues in capital markets. During an interview with CNBC, Gensler dismissed criticisms that his tenure obstructed the growth of...

Outgoing SEC Chair Gary Gensler on Wednesday warned of the highly speculative nature of the cryptocurrency market, saying the vast majority of the 10,000-15,000 existing crypto projects “will not survive.”  What Happened: In an interview with Bloomberg, Gensler said he has been around...

Brad Garlinghouse, CEO of Ripple Labs, reported on Sunday a significant shift in the company’s hiring and business deals since Donald Trump’s win in the November elections. What Happened: Garlinghouse expressed his enthusiasm for the incoming administration’s potential impact...

Billionaire investor Stanley Druckenmiller's family office Duquesne has offloaded two of Wall Street's hottest AI stocks – Nvidia Corp. (NASDAQ:NVDA) and Palantir Technologies Inc. (NASDAQ:PLTR), according to a recent 13F filing. What Happened: Druckenmiller’s Duquesne Family Office sold all...

The Securities and Exchange Commission approved spot Bitcoin ETFs in January 2024, which was a groundbreaking move at the time. The Bitcoin ETFs continue to see huge inflows months after their launch. Here's a look back at the multi-year battle to get Bitcoin ETFs approved and how much investors...

SEC Charges Cantor Fitzgerald With Causing 2 SPACs To Make Misleading Statements The Securities and Exchange Commission on Thursday charged  financial services firm Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies that it controlled to make misleading statements...

President-elect Donald Trump’s nominee for the Securities and Exchange Commission, Paul Atkins, is under ethical scrutiny following revelations of $3 million in consulting fees received by his firm, Patomak Global Partners. These payments came from entities that Atkins may soon oversee. What...

Billionaire Elon Musk is facing a deadline to respond to an offer to resolve a SEC case over his buyout of Twitter, now known as X, which he bought for $44 billion in 2022. What Happened: Musk recently shared a letter his lawyer Alex Spiro sent to the SEC over a reported 48-hour deadline to respond...

Editor’s note: This story has been corrected to clarify that a letter from Elon Musk’s lawyer says Musk had 48 hours to accept a SEC settlement offer relative to an investigation into Musk’s purchase of Twitter. The U.S. Securities and Exchange Commission has reopened an...

Entrepreneur Vivek Ramaswamy, who will lead a new "Department of Government Efficiency" in Donald Trump‘s administration joined Tesla CEO Elon Musk in sharply criticizing the SEC following a federal court decision. The Fifth Circuit Court ruled that the SEC acted unlawfully in approving...