President Donald Trump begins his presidential term. He touts plans to make America “the world’s crypto capital,” but his predecessor Joe Biden’s stance on crypto was more ambivalent.
While Trump’s pick to lead the SEC, Paul Atkins, is still awaiting US Senate confirmation, acting chair Mark Uyeda and another Republican commissioner, Hester Peirce, have put the regulator on a more crypto-friendly track, forming a task force and dismantling SAB 121.
After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.
Jim Biden’s activities have been investigated in recent years in two federal criminal probes, as POLITICO has reported.
In addition, the Securities and Exchange Commission just sued Elon Musk, accusing him of not notifying that agency or shareholders of his purchases of Twitter shares in early 2022. They claim that, by hiding his accumulation of stock, Musk was able to buy the company on the cheap.
The U.K. daily Financial Times (FT) reported on the 25th (local time) that the SEC has revoked the cryptocurrency custody accounting guideline 'SAB 121' on the 23rd. This guideline is characterized by requiring financial institutions to reflect cryptocurrencies held for customers as liabilities on the balance sheet.
The U.S. Securities and Exchange Commission (SEC) has removed a hurdle that had kept U.S. banks from adopting Bitcoin (BTC) and other cryptocurrencies. The Wall Street regulator has eliminated an accounting rule that forced banks to treat Bitcoin
The SEC announced this week the formation of a crypto task force led by Republican Commissioner Hester Peirce. In a post on social media platform X on Thursday, Peirce hailed the decision: “Bye bye, SAB 121! It’s not been fun!”
Katie Barlow discusses the Securities and Exchange Commission recently suing Elon Musk over his purchase of social media app, Twitter.
Incoming President Donald Trump will have the chance to appoint most of the directors who oversee America's biggest public utility after President Joe Biden failed to get TVA board nominees confirmed by the U.
President Donald Trump signed an executive order aimed at fighting what he described as radical indoctrination in public schools in a move to advance patriotic education
Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes