US Supreme Court signals it could limit SEC in-house enforcement

US Supreme Court signals it could limit SEC in-house enforcement

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights WASHINGTON, Nov 29 (Reuters) – Conservative U.S. Supreme Court justices on Wednesday signaled skepticism toward the legality of certain proceedings that the Securities and Exchange Commission conducts … Read more

Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

NEW YORK, Nov 2 (Reuters) – FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried on all … Read more

PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay

PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay

[1/2]A pedestrian walks past the PayPal logo at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Nov 2 (Reuters) – PayPal Holdings (PYPL.O) added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors, even as the payments giant disclosed a subpoena … Read more

Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 17 (Reuters) – The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. … Read more

US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source

US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments … Read more

SPAC to return remaining $533 million raise for Trump social media deal

SPAC to return remaining $533 million raise for Trump social media deal

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Oct 12 (Reuters) – Digital World Acquisition Corp (DWAC.O), the SPAC that plans to merge with former U.S. … Read more

Analysis: When, not if, Europe copies Wall Street share trading reform

Analysis: When, not if, Europe copies Wall Street share trading reform

Wall Street due to change to one day settlement in May Shorter time could increase competitiveness of EU markets Could be complex due to numbers of institutions involved LONDON, Oct 5 (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share trading, though it will … Read more

Digital World investors vote for extension to finish deal with Trump media firm

Digital World investors vote for extension to finish deal with Trump media firm

Republican presidential candidate and former U.S. President Donald Trump speaks as he campaigns at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing Rights NEW YORK, Sept 5 (Reuters) – Investors in Digital World Acquisition (DWAC.O) (DWAC), the blank-check acquisition company that plans to merge with former … Read more

Flying taxi maker Archer settles Boeing Wisk lawsuits, shares jump

Flying taxi maker Archer settles Boeing Wisk lawsuits, shares jump

Flying taxi company Archer Aviation prepare for the debut of their all-electric aircraft from a facility in Hawthorne, California, U.S. June 8, 2021. Picture taken June 8, 2021. REUTERS/Mike Blake Aug 10 (Reuters) – Air taxi maker Archer Aviation (ACHR.N) has reached an agreement with Boeing (BA.N) and its Wisk air taxi unit to settle … Read more

Biden signs order to ban certain tech investments in China

Biden signs order to ban certain tech investments in China

U.S. President Joe Biden delivers remarks on access to mental health care in the East Room of the White House in Washington, U.S., July 25, 2023. REUTERS/Elizabeth Frantz/File Photo NEW YORK/WASHINGTON, Aug 9 (Reuters) – President Joe Biden on Wednesday signed an executive order that will narrowly prohibit certain U.S. investments in sensitive technology in … Read more