The Securities Exchange Commission (SEC) Gary Gensler released the full text of his testimony to the US House of Representatives Financial Services Committee, which disclosed that the work of law enforcement is the core of the SEC's investor protection responsibilities. In fiscal year 2023, the SEC took 784 enforcement actions, and the amount of fines and recoveries reached $4.90 billion. Where feasible, the civil penalties and recoveries obtained by the Securities Exchange Commission in civil e...
Fox Business reporter Eleanor Terrett posted that the U.S. House of Representatives could vote on Tuesday or Wednesday to overturn Biden's veto power over SAB 121, which requires a two-thirds majority. While overturning SAB 121's two-thirds majority is a big requirement (about 60 more'yes' votes than last time), members of Congress planning to vote'no 'should remember that SAB 1...
After the U.S. House of Representatives passed FIT21, former U.S. House Speaker Nancy Pelosi said that the Republican-led bill, which aims to establish legal rules for the broader digital asset industry, is the first step towards responsible innovation and must be improved. The bill would give the Commodity Futures Trading Commission more power and money to regulate crypto assets under the "digital goods" category. Gensler, chairperson of the Securities Exchange Commission, publicly criticized t...