On Thursday afternoon, 18 states led by Kentucky Attorney General Russell Coleman, in partnership with cryptocurrency advocacy group DeFi Education Fund, jointly sued the Securities Exchange Commission (SEC) and five of its commissioners in Kentucky District Court. They charged that the SEC, under the leadership of Chairperson Gary Gensler,...
Denis Coleman, chief financial officer of Goldman Sachs, argued that the Federal Reserve's recent decision to cut interest rates by 50 basis points, a significant move that, while raising doubts among some market analysts about inflation and recession risks, still lays a good foundation for a soft economic landing. "This first 50 basis point cut is a clear sign of a new direction," he said. "I hope it boosts confidence, lowers the cost of capital and may boost strategic activity as we approach t...