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New SEC Chairman Gary Gensler Confirms A Lot Of Cryptocurrencies 'Are Indeed Securities,' Paving The Way For New Legislation
2021 May 07, 2:18pm | 389Read More...Gary Gensler, the new chairman of the Securities and Exchange Commission, believes that more regulation is required in crypto markets. What Happened: In an interview with CNBC on Friday, Gensler said that “greater investor protection” in the realm of cryptocurrencies was the need of the...
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Wall Street Crime And Punishment: Preston Tucker, The Auto Visionary Run Over By The SEC
2021 May 07, 12:15pm | 2221Read More...Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction. Roughly six decades before Elon Musk joined the executive team at...
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Fintech Focus For May 6, 2021
2021 May 05, 5:11pm | 1583Read More...Quote To Start The Day: “Creativity is knowing how to hide your sources.” Source: C.E.M. Joad One Big Thing In Fintech: CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it will not reopen its physical trading pits that were closed last...
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Why SmileDirectClub Stock Is Down Today
2021 May 04, 10:55am | 245Read More...SmileDirectClub Inc (NASDAQ: SDC) is trading lower Tuesday morning after the company announced Monday it experienced a cybersecurity attack that will negatively impact the company's earnings in the first quarter. What Happened: SmileDirectClub filed a form 8-K with the...
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SEC Delays Yet Another Bitcoin ETF Decision Until June
2021 Apr 29, 5:33pm | 431Read More...The U.S Securities and Exchange Commission has extended the typical 45-day time period to come to a decision on VanEck’s Bitcoin ETF application. What Happened: "The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule...
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SEC Enforcement Director Alex Oh Quits After 5 Days: What You Need To Know
2021 Apr 29, 11:06am | 378Read More...The U.S. Securities and Exchange Commission (SEC) reported the resignation of Alex Oh as director of the Division of Enforcement after only five days on the job. What Happened: The SEC announcement of Oh’s departure only cited “personal reasons” for her abrupt exit. Oh worked for...
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Largest Crypto Exchange Binance Might Have Broken The Law With Tokenized Tesla Shares, Says BaFin
2021 Apr 29, 9:39am | 346Read More...The German Federal Financial Supervisory Authority (BaFin) is scrutinizing the listing of tokenized Tesla Inc. (NASDAQ: TSLA) shares on the world's top cryptocurrency exchange Binance. What Happened: BaFin announced that Binance could have violated security rules when it listed tokenized...
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Elon Musk, SEC Sound Alarm On SPACs Again: What Investors Should Know
2021 Apr 28, 5:00pm | 608Read More...One of the most popular ways to take a private company public in the last 12 months has been through a SPAC merger. Among the benefits of choosing a SPAC over a traditional IPO are a quicker route to market and the ability to share forward-looking guidance to investors. The Securities and...
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Coinbase, Digital Currency Group Make Time Magazine's 100 Most Influential Companies List Alongside Tesla, Amazon, Other Giants
2021 Apr 28, 10:33am | 970Read More...Time Magazine has included two top crypto firms in its “top 100 most influential companies of 2021” list. What Happened: Coinbase Global Inc (NASDAQ: COIN) was included under the category “Titans” after its public debut on the Nasdaq turned out to be the...
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XRP Price Jumps Over 30% After Another SEC Motion In Ripple Lawsuit
2021 Apr 26, 9:47pm | 295Read More...Ripple (XRP) struck back against the United States Securities and Exchange Commission (SEC) in the ongoing legal battle accusing the blockchain firm of infringing securities regulations. What Happened: According to court documents sharing service CourtListener, the SEC recently ...
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Newly Appointed Binance.US CEO Believes Crypto Is Fundamental Technology Like Internet
2021 Apr 21, 5:57pm | 388Read More...Brian Brooks, the newly-appointed CEO of Binance.Us, the US arm of the world's top crypto exchange Binance, shared his insights into the company and the crypto market. What Happened: Brooks, who served as the president of the Office of the Comptroller of the Currency (OCC) under Trump...
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Coinbase CEO Brian Armstrong Sold $292M Worth Of Shares On First Trading Day
2021 Apr 20, 7:56am | 384Read More...A week after Coinbase Global Inc (NASDAQ: COIN)’s public debut on the Nasdaq, reports have emerged of the crypto exchange’s top executives selling a considerable amount of shares on the first day of trading. What Happened: According to an SEC filing, Coinbase CEO Brian...
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What Gary Gensler's Confirmation As SEC Chair Means For Crypto Industry
2021 Apr 16, 6:09am | 798Read More...Gary Gensler was confirmed by the Senate in a 53-54 vote as the new chair of the U.S Securities and Exchange Commission (SEC) earlier this week. What Happened: Gensler’s confirmation is likely to have a significant impact on the crypto industry, and industry proponents have hypothesized that...
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SEC Could Reclassify SPAC Warrants And Hold Up New Filings: Report
2021 Apr 13, 5:52pm | 425Read More...The Securities and Exchanges Commission (SEC) has been vocal about making changes to the SPAC industry. The latest change from the SEC could center around how SPAC warrants are classified. What Happened: Warrants, which are typically issued for SPACs when units begin trading, could be reclassified...
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Fintech Focus For April 13, 2021
2021 Apr 12, 7:23pm | 2278Read More...Quote To Start The Day: Only make decisions that support your self-image, self-esteem, and self-worth. Source: Oprah Winfrey One Big Thing In Fintech: The U.S. Securities and Exchange Commission (SEC) has kicked off its review of WisdomTree’s bitcoin ETF application, starting the countdown...
SEC News and Filings
