The SEC is proposing to rescind Rule 611 of Regulation NMS, the trade-through rule, which has governed Wall Street for 20 years. This move is seen by crypto firms as a significant step towards enabling blockchain-based stock trading by removing a major structural barrier.
President Trump nominated Jay Clayton as the next Director of National Intelligence, replacing acting head Bill Pulte amid controversy. The selection of Pulte, who investigated political adversaries, led to the House rejecting a surveillance program extension.
BlackRock filed an updated prospectus for its iShares Bitcoin Premium Income ETF (BITA), set to launch soon. This move intensifies competition with Goldman Sachs, as both firms aim to attract yield-seeking investors with novel Bitcoin ETF strategies.
The SEC proposes to repeal a 2024 rule requiring public companies to disclose greenhouse gas emissions and climate-related risks, citing exceeded statutory authority and unjustified costs.
SpaceX's IPO filing reveals 18,712 Bitcoin holdings worth $1.29B, X's 'everything app' payment ambitions, and a $2.4T AI compute infrastructure strategy that could challenge crypto miners.
The SEC seeks court approval for a settlement with Gautam Adani and his nephew Sagar Adani, who will pay $6 million and $12 million respectively, without admitting to allegations of misleading investors tied to Indian solar energy contracts. The U.S. Justice Department is likely to drop criminal fraud charges.
US authorities are set to drop fraud charges against Indian billionaire Gautam Adani, resolving a year-long criminal case, with potential settlements also for SEC civil fraud and OFAC probe, aiding Adani Group's return to international markets.
The Securities and Exchange Commission has delayed approval for prediction markets ETFs, bringing up memories of the long battle over bitcoin funds.
Musk won’t have to give up any money he allegedly saved from delaying disclosure of initial purchase of Twitter stockSign up for the Breaking News US newsletter emailElon Musk settled the US Securities and Exchange Commission’s civil lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of stock in Twitter, now known as X.A trust in Musk’s name will pay a $1.5m civil penalty, without admitting wrongdoing. Musk won’t have to give up any money he allegedly saved from the delay. Continue reading...
Strategy, the Michael Saylor-led company formerly known as MicroStrategy, has surpassed BlackRock’s flagship spot Bitcoin exchange-traded fund (ETF) to become the world’s largest institutional holder of Bitcoin. According to an April 20 regulatory filing with the Securities and Exchange Commission (SEC), Strategy acquired an additional 34,164 Bitcoin over the past week at an average price […] The post Why Strategy’s multi billion dollar Bitcoin purchases are no longer bullish catalysts for the market appeared first on CryptoSlate.
