SEC Financial News

The U.S. Senate voted on Thursday to formally disapprove the Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin SAB121, which will now go to President Joe Biden’s desk.

The SEC is sharpening its focus on cybersecurity breaches at broker dealers and RIAs, among other financial institutions, with an update to a 24-year-old rule.

Nagaland People’s Organisation (ENPO) announced that it would also abstain from the Urban Local Body (ULB) elections scheduled on June 26. The body has earlier abstained from participating in recently held Lok Sabha polls resulting in not a single vote cast in six districts of Nagaland. ENPO which has been demanding a separate 'Frontier Nagaland Territory' or a separate state comprising the six eastern Nagaland districts, boycotted the election to the lone Nagaland Lok Sabha seat on April 19 in support of its demand, is the apex body of seven tribes from the six eastern districts of Kiphire, Longleng, Mon, Noklak, Shamator, and Tuensang. ENPO Secretary W. Manwang Konyak on Thursday said that they have already informed the State Election Commission (SEC) that the people of the six districts would abstain from voting in the ULB polls, covering three Municipal Councils and 36 Town Councils.

Meme stocks are back. Is Wall Street ready? The sudden revival of GameStop mania this week comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.

Congressman Wiley Nickel (D-CA) has criticized SEC Chair Gary Gensler over the agency’s “open hostility” towards crypto and SAB121. Nickel sent a letter to Gensler on Wednesday urging him to rescind the controversial staff accounting bulletin amidst the Senate vote to nullify it.

Stablecoin issuer Circle plans to relocate its legal base from the Republic of Ireland to the US.

A recent influx of investor disclosures has Bitwise, one of the United States’ leading Bitcoin ETF providers, “incredibly bullish” on BTC.

Coinbase Chief Legal Officer Paul Grewal strongly criticized the US Securities and Exchange Commission (SEC) on May 14 regarding the Debt Box case. He also called on other crypto exchanges to query the SEC’s previous actions, considering the far-reaching implications for the sector.

Tether CEO Paolo Ardoino fired back at Ripple after the company’s CEO alleged the US government is going after USDT.

“Shark Tank” investor Mark Cuban advocated for the Commodities and Futures Trading Commission (CFTC) to oversee all cryptocurrencies. He was responding to Republican presidential candidate Donald Trump’s crypto endorsement on social media, urging the US to stop hindering its development.

Crypto exchange Kraken urged the US court to dismiss the SEC claims against it to avoid a “significant reordering” of the US financial regulatory structure.

Ethereum Co-Founder Joseph Lubin launched scathing criticisms against the Securities and Exchange Commission (SEC) on May 9, accusing the regulatory body of deliberately impeding innovation and obstructing Ethereum’s transformative potential in the banking landscape.

Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice, the CEO revealed in a Wednesday interview with CNBC. “We actually came in good faith to meet with the SEC. I think we met with them 16 times and, unfortunately, that was not reciprocated,” Tenev told CNBC’s Kate Rooney.

Crypto asset manager Grayscale Investments' proposal for an exchange-traded fund tied to ether futures was withdrawn last week, according to a Tuesday notice from the U.S. Securities and Exchange Commission.

Exodus Movement, a prominent crypto wallet company, has announced a delay in its planned listing on NYSE American, the sibling market of the New York Stock Exchange.

Robinhood Markets beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading volumes and rate hikes that boosted its net interest revenue. The approval of the first spot bitcoin ETFs in the U.S. in January boosted sentiment towards the crypto industry, which had been bruised by several high-profile collapses over the past two years.

Donald Trump, former US President and current presidential candidate, on Wednesday hosted a special event at his Mar-a-Lago resort in Florida for NFT owners, where he voiced his support for crypto.

The U.S. House of Representatives is set to vote this afternoon on a resolution proposed by Representatives Wiley Nickel (D-NC) and Mike Flood (R-NE) that would see a formal disapproval of the United States Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.

Funds are starting to shift their holdings in the $6 trillion US money market ahead of a spate of new rules that will likely boost demand for government securities at the expense of riskier assets.

Justin Sun is a Chinese-born Grenadian cryptocurrency executive, best known for launching TRON, a blockchain ecosystem alongside its own cryptocurrency, TRX token, in 2017.

Ripple Labs and the United States Securities and Exchange Commission (SEC) have made significant progress in their ongoing legal battle as the SEC filed its final reply in the lawsuit’s remedies stage.