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Trump's Newly-Listed DJT's Financial Struggles Raise 'Substantial Doubt About Its Ability To Continue,' Auditor Warns
Tuesday, April 2, 2024 - 9:51am | 775The financial future of Trump Media and Technology Group (NASDAQ:DJT), the publicly traded company of former President Donald Trump, is under scrutiny after an auditor raised concerns about its viability. What Happened: The Securities and Exchange Commission received a regulatory filing from Trump...
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Edward Snowden Predicts SEC Will 'Lose So Hard In Court' against Coinbase: Gensler Had To Approve Bitcoin ETFs 'With Tears In His Eyes'
Wednesday, March 27, 2024 - 9:06pm | 726Whistleblower and Bitcoin (CRYPTO: BTC) supporter Edward Snowden isn’t bothered by the U.S. Securities and Exchange Commission’s latest legal wrangling with Coinbase Global Inc. (NASDAQ:COIN). What Happened: Snowden’s comment came in response to a tweet about a court ruling...
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Democrats to SEC: Just Say No to Spot Ethereum ETFs and Any Other Crypto ETPs
Saturday, March 16, 2024 - 4:34pm | 206Two Democratic U.S. senators urged Securities and Exchange Commission Chair Gary Gensler not to go any further in approving future crypto products following its approval of spot Bitcoin (CRYPTO: BTC) exchange-traded funds earlier this year. Sens. Laphonza Butler of California and Jack...
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SEC Chair Gary Gensler Declines To Say Whether Ethereum Is A Commodity: 'It's About Circumstances'
Thursday, March 7, 2024 - 1:48pm | 527U.S. Securities and Exchange Commission (SEC) chair Gary Gensler on Thursday emphasized the importance of transparent, fair, and truthful disclosures from banks to protect investors and support informed decision-making. What Happened: Gensler addressed various pressing issues within the...
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Elon Musk Is Fighting The Court Order In SEC's X Case, Reportedly Seeks Review Amid Twitter Acquisition Probe
Thursday, February 15, 2024 - 10:31pm | 467Elon Musk reportedly plans to ask for a court review of an order that supports the Securities and Exchange Commission compelling him to testify in connection with his $44 billion acquisition of Twitter, now rebranded as X. What Happened: As per a court document filed on Thursday, Musk intends to...
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'It's Not That Decentralized': SEC Chair Gary Gensler Hesitant On Bitcoin, Calls It 'Just An Accounting Ledger'
Wednesday, February 14, 2024 - 12:34pm | 561Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday addressed the ongoing debate surrounding Bitcoin (CRYPTO: BTC) and other cryptocurrencies, expressing concerns about investor protection and highlighting the asset's association with illicit activities. A 'Clever'...
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US Judge Orders Elon Musk's Testimony In SEC Probe Of $44B Twitter Acquisition
Sunday, February 11, 2024 - 10:04pm | 684Elon Musk, the CEO of Tesla Inc., has been ordered to testify in the U.S. Securities and Exchange Commission’s (SEC) investigation into his $44 billion acquisition of X, formerly known as Twitter. The probe centers on whether Musk adhered to the law when reporting his Twitter stock purchases...
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SEC Chair Gary Gensler Slammed By Lawmakers For Handling Of Crypto Case: 'Unethical And Unprofessional'
Friday, February 9, 2024 - 12:12am | 614A group of U.S. senators criticized the Securities and Exchange Commission over its handling of a cryptocurrency-related case, raising questions about the regulator’s broader enforcement practices. What Happened: The senators on the Senate Banking Committee, including J.D. Vance (R-Ohio) and...
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SEC Attacks SPACs: What New Merger Rules Mean For Investors, Public Offerings
Wednesday, January 24, 2024 - 5:48pm | 436The U.S. Securities and Exchange Commission (SEC) adopted new rules that change how SPACs will communicate their offerings to the public. What Happened: SPACs, or special-purpose acquisition companies, were a popular investment method. They proved to be a once-popular way for companies to go public...
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Pro-Crypto Sen. Cynthia Lummis Claps Back At Sen. Elizabeth Warren: 'Crypto Is Clearly Not The Problem'
Tuesday, January 23, 2024 - 4:00pm | 599U.S. Sen. Cynthia Lummis (R-Wyo.) rebuffed Sen. Elizabeth Warren's (D-Mass.) claim that crypto is used for nefarious purposes. "Crypto is clearly not the problem," according to a post on X (formerly Twitter). What Happened: Lummis quoted a snippet from a...
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Binance Wants Fraud Lawsuit With SEC Dismissed On Heels Of $4.3B DOJ Settlement
Tuesday, January 23, 2024 - 1:38pm | 447The U.S. Securities and Exchange Commission (SEC) on Monday defended its regulatory authority over certain cryptocurrency assets in a legal confrontation with crypto exchange Binance (CRYPTO: BNB), as the latter urged a federal judge to dismiss the agency's lawsuit against it. What...
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Elizabeth Warren Strikes Again: Unleashes A Tidal Wave Of Reactions In Crypto Circles
Monday, January 22, 2024 - 5:38pm | 719Senator Elizabeth Warren (D-MA) cited a U.S. Government Accountability Office (U.S. GAO) report on X, saying “rogue nations are using crypto to dodge sanctions and undermine our national security.” Her tweet drew massive backlash from the crypto community and industry experts...
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Bitcoin ETF Will 'Unleash Crypto Predators,' Better Markets CEO Predicts As BTC Surges Past $48K
Thursday, January 11, 2024 - 1:36pm | 698Better Markets CEO Dennis M. Kelleher doubled down on his criticism of the U.S. Security and Exchange Commission's (SEC) approval of Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). What Happened: Only days after warning that regulatory approval of Bitcoin ETFs would be an...
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Binance's Breakthrough: JPMorgan Hails Game-Changing US Settlement In Crypto Industry
Friday, November 24, 2023 - 9:49am | 438JPMorgan (NYSE: JPM) has expressed a positive outlook on the recent settlement between Binance (CRYPTO: BNB) and the U.S. government, highlighting its beneficial impact on both the cryptocurrency sector and the exchange itself, according to a research report released on Thursday. The report...
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Spot Bitcoin ETF Approval In January Looks Promising, Says Bernstein Research
Tuesday, October 31, 2023 - 12:50pm | 535Enthusiasm for a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) continues to surge, and analysts now believe its probable approval in early January "looks highly likely," according to Bernstein Research. The SEC's recent active engagement, marked by its feedback on ETF...