The U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin.
The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump's pivot away from the policies of the prior administration and a win for the crypto sector.
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Wall Street firms including Blackstone , Apollo Capital Management and Carlyle have agreed to pay more than $63 million for violating U.S. Securities and Exchange Commission rules over record-keeping,
The U.S. Securities and Exchange Commission (SEC) is set to collect $63.1 million in fines from nine investment advisers and three broker-dealers over the use of unapproved communication methods.
Why has the US short-seller, Hindenburg Research, which stung such corporate empires as Gautam Adani’s, shut shop? ‘We shook some empires that we felt needed shaking’, says its founder Nathan Anderson.
Wariness is passé on Wall Street. Cautious uncertainty over lingering inflation and geopolitical turbulence have been replaced by giddiness over the deregulatory bonanza financial firms expect President Donald Trump’s administration to deliver.
The only danger, from Wall Street’s perspective, is that the Trump team’s MAGA instincts and chaotic approach prevent a deregulatory boom. One appointment is emblematic of the coming shift. Gary Gensler,
Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.
The Oracle of Omaha's secret portfolio contains 120 securities -- one of which is a historically cheap AI stock.
Israel online trading platform eToro has made a confidential filing with the US Securities and Exchange Commission (SEC) for a Wall Street IPO, "The Financial Times" reports. As reported last month by "Globes," the planned company valuation for the flotation is $5 billion.