SEC Financial News

Securities and Exchange Commission (SEC) Chair Gary Gensler has previously warned that artificial intelligence (AI) could lead to the next financial crisis. Gensler once again elaborated on this topic during a virtual fireside chat hosted by the non-profit advocacy organization Public Citizen on Jan. 17.  

(Reuters) — The New York Stock Exchange (NYSE) has withdrawn from the Securities and Exchange Commission a proposal to create a new tradeable asset class called «natural asset companies», or NACs, the commission said on Wednesday.

It is an unprecedented move that is likely to open the flood gates for infusion of fresh funds by foreigners into India’s stock market. One of India’s leading asset management companies (AMCs)—HDFC AMC has secured approval to start six feeder funds in GIFT City (IFSC) that will in turn invest in its domestic mutual fund (MF) schemes. The feeder funds will be structured as Category III AIFs, or alternative investment funds.

Lawmakers in the United States and the United Kingdom are urging the Securities and Exchange Commission not to allow JBS, the world’s largest meatpacking company, to be listed on the New York Stock Exchange

The Securities and Exchange Commission (SEC) of Thailand has updated the criteria for investing in digital tokens, easing some restrictions.

Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC).

The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape.

The Securities and Exchange Commission (SEC) is meeting Coinbase today in federal court, with both parties presenting their first oral arguments amid their industry-defining lawsuit.

Crypto exchange Gemini has received approval to operate as a virtual asset services provider in France.

Terraform Labs and co-founder Do Kwon over an alleged $40 billion cryptocurrency fraud, to allow time for Kwon to be extradited so he can attend. In an order, US District Judge Jed Rakoff in Manhattan pushed back the trial to March 25 from Jan. 29, with no further delays even if Kwon were not extradited.

Bank of India (RBI) Governor Shaktikanta Das said Tuesday, just days after the US capitalmarkets regulator approved bitcoin exchange traded funds. “They (the US Securities and Exchange Commission) are the best judge of what is good for their country, so they have done it. I would not like to comment on what another regulator in another country has done,” Das said at the World Economic Forum at Davos. “So far as India is concerned, we see a lot of risks and it is not necessary for us that what somebody else does, we simply adopt.” Last week, the US SEC approved ETFs based on bitcoin, a move that sent cryptocurrency prices soaring worldwide. Das has steadfastly maintained over the years that cryptocurrencies pose a palpable threat to currency and monetary stability and could be the source of the next major global financial crisis.

Ripple CEO Brad Garlinghouse has revealed that the company explored IPO options outside the United States, attributing this decision to a challenging relationship with the U.S. Securities and Exchange Commission (SEC).

Pawan Passi is no longer in the room, and he will not be coming back for a while.

The SEC ordered JPMorgan to pay an $18 million fine to settle charges that it tried to prevent clients from alerting the agency if they suspected the firm had violated securities laws, the agency announced Tuesday.

Ripple CEO Brad Garlinghouse took shots at the United States Securities and Exchange Commission Chair (SEC), Gary Gensler, during an appearance at the World Economic Forum in Davos, Switzerland. 

Crypto exchange Coinbase risks losing one-third of its total revenue due to ongoing legal pressure from federal regulators, according to several analysts familiar with the matter.

Bank of India (RBI) Governor Shaktikanta Das said Tuesday, just days after the US capitalmarkets regulator approved bitcoin exchange traded funds. “They (the US Securities and Exchange Commission) are the best judge of what is good for their country, so they have done it. I would not like to comment on what another regulator in another country has done,” Das said at the World Economic Forum at Davos.

The U.S. Securities and Exchange Commission (SEC) has filed in agreement with Terraform Labs to postpone the civil trial against Do Kwon and his former company, amid ongoing extradition proceedings.

By Jonathan Stempel

The CEO of Circle, the company behind popular stablecoin USD Coin, sees a strong chance that laws for stablecoin issuers like itself will come through in 2024.

GameStop has decided to shut down its NFT marketplace, signaling its withdrawal from the cryptocurrency space.