Tag
#SEC
US judge declines to rubber-stamp Musk's $1.5M SEC settlement over Twitter stake
A US federal judge has declined to immediately approve the SEC's $1.5 million settlement with Elon Musk over his late Twitter stake disclosure, demanding briefs on whether the deal is fair to investors who allegedly lost about $150 million. A 13 May hearing has been set.
DOJ charges 30 in global insider trading ring spanning three continents
US prosecutors unsealed criminal charges against 30 individuals in a decade-long insider trading scheme that allegedly generated tens of millions of dollars in illicit profits by front-running approximately 30 merger and acquisition deals. Two attorneys are accused of exploiting law firm access to steal confidential deal documents.
Atkins pushes formal SEC rulemaking for on-chain markets and crypto vaults
SEC Chairman Paul Atkins on Friday set out four areas for formal rulemaking on crypto: on-chain trading, broker-dealer definitions, clearing and settlement, and vaults. The speech at the SCSP AI+ Expo broke from his predecessor Gary Gensler enforcement-led approach.
BlackRock files for tokenized money-market funds on Ethereum, targets stablecoin reserves
BlackRock filed paperwork with the SEC on Friday to issue two new tokenized money-market funds, including an Ethereum-native digital share class of its $6.1bn Select Treasury Based Liquidity Fund. The move pulls the world's largest asset manager deeper into onchain finance.
SEC's Atkins calls on Congress to pass CLARITY Act, modernize crypto rules
SEC Chairman Paul Atkins called on Congress to pass the CLARITY Act and announced a comprehensive overhaul of how securities regulations apply to blockchain-based financial systems, including exchanges, brokerages and crypto vault yield protocols.
Ex-Willkie M&A counsel pleads guilty as DOJ charges 30 in BigLaw insider-trading ring
Federal prosecutors charged 30 people in what they called a global insider-trading ring that used stolen merger files from three major New York law firms. A former Willkie Farr & Gallagher M&A counsel is among the cooperating witnesses.
Bitcoin Holds Above $80,000 on SEC Regulatory Shift and Iran Hedging
Bitcoin held above $80,000 through Thursday's session as traders pointed to a regulatory pivot in Washington and demand for alternative stores of value. The Iran-US conflict entered another week without a ceasefire, while altcoins and blockchain equities moved higher in tandem.
Coinbase rebounds 10%, altcoins surge as SEC chair Atkins signals onchain support
Coinbase shares recovered 10 per cent from session lows as SEC Chair Paul Atkins signaled support for new rules around onchain trading and blockchain settlement infrastructure, lifting tokenization stocks and altcoins.
