News list for "wsj"
According to WSJ, the U.S. Department of Government Efficiency (DOGE) found in its investigation that the U.S. government generated $149 billion in improper payments last year alone. That's enough to fund NASA for seven years or build 15 aircraft carriers. Medicare and Medicaid led with more than $60 billion in misused funds, followed by tax credits (more than $20 billion) and food aid (more than $10 billion). Of the $33.50 billion identified as likely to be recovered in 2024, agencies managed t...
A WSJ article hinted that the SEC may ease its legal battle against cryptocurrency exchanges once Trump returns to the White House. Although Trump has not yet revealed who will be the next SEC chairperson, rumors suggest that multiple contenders are vying for the position following Gary Gensler's resignation. The next SEC chairperson is likely to come from a group of seasoned regulators and legal titans, each bringing unique expertise. Paul Atkins served as SEC commissioner from 2002 to 2008 and...
Nate Geraci, president of The ETF Store, shared the WSJ's report on Tether on X: "Giancarlo Devasini, chief financial officer of Tether, said privately earlier this year that Howard Lutnick would use his political influence to try to defuse the threat to Tether. Lutnick owns a majority stake in Cantor, which hosts the majority of Tether's $134 billion assets. Cantor also apparently owns 5% of Tether." Previously, it was reported that Wall Street bond trading giant Cantor would acquire a 5% owner...
The ETF Store总裁Nate Geraci于X分享WSJ关于Tether的报道：“Tether首席财务官Giancarlo Devasini今年早些时候私下表示，Howard Lutnick将利用他的政治影响力试图化解Tether面临的威胁。Lutnick拥有Cantor的多数股权，后者托管Tether 1340亿美元资产中的大部分。Cantor显然也拥有Tether 5%的股份。” 此前消息，华尔街债券交易巨头Cantor将获得Tether约5%所有权权益。
On September 13, the Wall Street Journal (WSJ) published an article saying that Tether (USDT) is undermining the fight against arms dealers, sanctions breakers and fraudsters in the United States. In 2023, the amount of money flowing through the Tether network is almost as much as that through Visa cards, and the annual net profit reaches 6.20 billion US dollars, which has surpassed the asset management giant BlackRock (the net profit of common shareholders is 5.50 billion US dollars), but the n...
The Wall Street Journal (WSJ) editorial board has written that former President Donald Trump's alleged plans to turn bitcoin into a strategic reserve asset are inconsistent with the value of cryptocurrencies. WSJ wrote that Trump said at a bitcoin conference in Nashville last week that bitcoin represents freedom and independence from government, among other things, but this view is consistent with his election in November...
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