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Testifying before the same panel on Wednesday, she readily agreed with Republicans’ premise that pro-Palestinian activism at Columbia is shot through with anti-Jewish bigotry, and explained how, under her leadership, Columbia is cracking down. Fifteen students, she said, had been suspended, and six more were on disciplinary probation. If it had been up to her, she said, the stridently anti-Zionist professor Joseph Massad would never have gotten tenure. (Columbia later confirmed that his chairmanship was scheduled to end after this semester.) By bending over backward to be agreeable, Shafik emerged from the four-hour grilling largely unscathed.
Persons: Nemat Shafik, Mohamed Abdou, , , Joseph Massad, Massad, Shafik, that’s, Claire Shipman, David Greenwald, David Schizer, Shipman Organizations: Harvard, University of Pennsylvania, Columbia, Hamas, Islamic
Columbia University President Minouche Shafik tried to avoid the firestorm of controversy that pushed out two of the three university presidents who testified on Capitol Hill in December. While the other university presidents provided lawyerly answers that went viral, Shafik and her three Columbia colleagues all unequivocally stated that such calls would violate the code of conduct at Columbia. For instance, the Columbia president was asked by Rep. Lisa McClain whether mobs shouting “from the river to the sea” or “long live the intifada” qualify as antisemitic comments. Some people don’t.”Only after David Schizer, the co-chair of Columbia’s task force on antisemitism, indicated it would qualify as antisemitism did Shafik agree. Davidai called Shafik a “coward” in a fiery speech last year criticizing the university president for failing to quiet “pro-terror” voices at the school.
Persons: Minouche Shafik, Shafik, Shafik waffled, Lisa McClain, McClain, , David Schizer, ” Shafik, Joseph Massad, Tim Walberg, Massad, Mohamed Abdou, Shai Davidai, Davidai, , Abdou, Eden Yadegar, CNN’s Elisabeth Buchwald Organizations: New, New York CNN, Ivy League, Columbia University, Harvard, Massachusetts Institute of Technology, University of Pennsylvania, Columbia, , CNN, Columbia Business School Locations: New York, Columbia
A university spokesperson confirmed that Massad was under investigation for allegedly making discriminatory remarks, as Shafik noted in her Wednesday testimony. Massad told CNN the investigation was “news” to him and he was not aware of it prior to Wednesday. The department chair did not respond, while the dean, Amy Hungerford, referred the inquiry to a university spokesperson who did not offer any comment. “Professor Massad has chaired his final meeting of the academic review committee,” a different Columbia spokesperson told CNN. Columbia Business School assistant professor Shai Davidai, who Shafik said was under investigation for harassment, told CNN that he has never spoken against students by name, only “pro-Hamas” student organizations and professors.
Persons: Minouche Shafik’s, Joseph Massad’s, Massad, ” Shafik, , Shafik, ” Massad, , Amy Hungerford, Elise Stefanik, Mohamed Abdou, Shai Davidai Organizations: New, New York CNN — Columbia University, CNN, Columbia, Education, Workforce, African Studies, of Arts and Sciences, Republican, Arts and Sciences, Columbia Business School Locations: New York, Gaza, Israel, Middle Eastern, Columbia
Nemat "Minouche" Shafik, Columbia's president, appeared before the Republican-led House Committee on Education and the Workforce on Wednesday. But there was a big difference between what those presidents said at their hearing and what Shafik said at hers. Related storyHarvard President Claudine Gay answered with, "It can be, depending on the context," while MIT President Sally Kornbluth said, "I have not heard calling for the genocide for Jews on our campus." In a similarly soft response, UPenn's president Elizabeth Magill responded, "If the speech turns into conduct, it can be harassment." AdvertisementIn Wednesday's hearing, Shafik also commented on a few controversial professors.
Persons: , Elise Stefanik, Shafik, Israel's, Claudine Gay, Sally Kornbluth, Elizabeth Magill, Magill, Kornbluth, Mohamed Abdou, Joseph Massad, Massah, Stefanik Organizations: Service, Wednesday, Columbia, Republican, Committee, Education, New York, Business, Harvard, MIT, Gay, Street Journal, Street, Middle East Institute, Hamas, African Studies Locations: Israel, Gaza, UPenn, , Dubai, Columbia's, South
This most recent wave of hate began with prejudiced comments obscured by seemingly righteous language. Days later, at a pro-Palestine rally, the Cornell associate professor Russell Rickford said he was “exhilarated” by Hamas’s terror attack. In an article, a Columbia professor, Joseph Massad, seemed to relish the “awesome” scenes of “Palestinian resistance fighters” storming into Israel. Most recently, over 100 Columbia and Barnard professors signed a letter defending students who blamed Israel for Hamas’s attacks. In recent days, some universities, including Cornell, have released statements denouncing antisemitism on campus.
Persons: didn’t, Russell Rickford, Joseph Massad, Barnard, Israel Organizations: Cornell, Cooper Union, New York University, George Washington University, Harvard, Palestine, Columbia Locations: Columbia, Israel, Palestine, Al, Aqsa
New York CNN —Hedge fund billionaire Leon Cooperman is blasting college students for protesting against Israel, joining a growing list of powerful university donors to speak out on the issue. “These kids in college have sh*t for brains,” Cooperman told CNN in a phone interview. Earlier this month, a Columbia University student who was hanging up posters in support of Israel was assaulted. Samantha Slater, a Columbia University spokesperson, declined to comment on whether the university plans to take disciplinary action against Massad. “Columbia is grateful to Mr. Cooperman for his years of generosity and service to Columbia Business School,” Slater said in a statement to CNN.
Persons: Leon Cooperman, ” Cooperman, , “ It’s, I’m, , Cooperman, Israel, he’s, ” Joseph Massad, Samantha Slater, ” Slater, It’s, ’ they’re, CNN’s Reid Champlin Organizations: New, New York CNN —, Israel, CNN, Hamas, Fox Business, Columbia University, Ivy League, Columbia, Massad, Columbia Business School Locations: New York, Israel, United States, Bronx, Columbia, ,
A billionaire Columbia grad said college students have "shit for brains" for not supporting Israel. AdvertisementAdvertisementA billionaire who gave more than $25 million to Columbia University said students had "shit for brains" for not supporting Israel, and he may have to donate elsewhere unless he sees a "change.'" Leon Cooperman, the chairman and CEO of Omega Advisors and a 1967 graduate of Columbia Business School, made the comments during an appearance on "The Claman Countdown" on Fox Business on Wednesday afternoon. He was primarily referring to a walkout at Columbia University on Wednesday, where students stepped out of their classes to support Palestinians amid worsening violence in Gaza. AdvertisementAdvertisementThe hedge fund boss said he has given "probably about $50 million over many years" to Columbia University.
Persons: , Leon Cooperman, Cooperman, Joseph Massad Organizations: Columbia, Service, Columbia University, Omega Advisors, Columbia Business School, Fox Business, Wednesday, Modern, Hamas Locations: Israel, Columbia, Gaza
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe SEC will continue its efforts to bring oversight to crypto: Former CFTC Chair Timothy MassadFormer chairman of the Commodity Futures Trading Commission Timothy Massad joins 'The Exchange' to discuss sentiment towards launching a spot bitcoin ETF, the need for basic investor protection in the crypto market, and the risk of which crypto investors should be aware.
Persons: Timothy Massad Organizations: SEC, Futures Trading
A Columbia professor lauded Hamas "awesome" attacks on Israel and called them a "stunning victory." An online petition, signed by over 34,000 people, is calling for his "immediate removal." AdvertisementAdvertisementA Columbia professor who praised Hamas' "awesome" terror attacks on Israel in an online article is facing calls for his removal in an online petition that has now surpassed 30,000 signatures. AdvertisementAdvertisementPlatek added: "We call on Columbia University to hold Massad responsible for his comments and immediately remove him from the Columbia faculty." Columbia University did not immediately respond to Insider's request for comment made outside office hours.
Persons: , Joseph Massad, Platek, Massad, David, Israel, Anthony Weiner Organizations: Service, Modern, Columbia University, Hamas, Columbia, Mission, North, Columbia's, Watch, Massad, Israel Defense Forces Locations: Columbia, Israel, USA, East
CFTC Chair Timothy Massad talks crypto regulation with 'Mad Money' host Jim Cramer. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Persons: Fmr, Timothy Massad, Jim Cramer
As its name would suggest, a stablecoin is a kind of cryptocurrency token meant to be backed by real assets. Massad said these coins could act as a bridge between "the crypto world and the real world." "My concern is we're not addressing the risks," he continued, adding that he is not. He added that if the U.S. were to create stablecoin regulations, the rest of the world would likely follow suit, but also said many countries are already creating their own frameworks. "I'm sympathetic to a lot of people in government saying, 'we don't really, we're not convinced of the use case here, we don't really see what the value is in the real world,' Massad said.
Persons: Timothy Massad, CNBC's Jim Cramer, Massad, Jay Clayton, stablecoins, we're Organizations: Futures Trading, Securities and Exchange, SEC Locations: United States, U.S
Massad, along with former SEC chairman Jay Clayton, detailed the theory in the Wall Street Journal last week. "We strongly support enforcement of the laws, but what we're saying is, we need more than that, and the reason is twofold," Massad said. "Let's not get hung up on that, or rather, let's have a parallel track which says, regardless of the classification issue, we need standards today." He added that this solution would be a way to get some basic industry standards in place without having to rewrite securities laws. "This is a way to get investor protection standards into the industry as it exists today without having to fundamentally change the securities or the derivatives laws."
Persons: Timothy Massad, CNBC's Jim Cramer, Jay Clayton, Massad Organizations: Futures Trading Commission, SEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe strongly support enforcement of the law, says Fmr. CFTC Chair on crypto regulation'Mad Money' host Jim Cramer sits down with former CFTC Chair Timothy Massad to talk crypto regulation and what options the U.S. has.
Persons: Fmr, Jim Cramer, Timothy Massad
Jim Cramer goes one-on-one with Fmr. CFTC Chair Timothy Massad on a path forward for crypto regulation'Mad Money' host Jim Cramer sits down with former CFTC Chair Timothy Massad to talk crypto regulation and what options the U.S. has.
Persons: Jim Cramer, Timothy Massad Organizations: Fmr
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTimothy Massad: crypto risk 'isn't just about the token' it's about the 'platform you're trading on'Timothy Massad, former CFTC chairman, joins 'Ma Money' host Jim Cramer to talk the Binance lawsuit launched by the SEC and where he finds issue in the current state of the crypto space.
Persons: Timothy Massad, Jim Cramer Organizations: SEC
According to Massad, the government and the Securities and Exchange Commission must create a new industry framework that protects investors, prevents fraud and manipulation, and finally answers the contentious question: are digitized tokens securities? One of the largest issues in crypto concerns wash trading, which is when someone trades with themselves or affiliates to mislead others about stock performance. Massad said this type of fraud accounts for 50% to 90% of the trading on crypto platforms. "And these trading platforms, most of them do have their own proprietary trading operations, which they shouldn't have." So, again, there are some questions about where do we really want to go, but we've got to have much better investor protection."
Persons: Timothy Massad, CNBC's Jim Cramer, Massad, Cramer, Binance, Coinbase, Jay Powell, we've Organizations: Futures Trading Commission, Securities and Exchange, SEC, Federal
Timothy Massad: 'There are huge risks of fraud and manipulation' on crypto trading platformsTimothy Massad, former CFTC chairman, joins 'Ma Money' host Jim Cramer to talk the Binance lawsuit launched by the SEC and where he finds issue in the current state of the crypto space.
Persons: Timothy Massad, Jim Cramer Organizations: SEC
The $2.2 billion of U.S. customer assets held by Binance is at "significant risk" of being stolen by founder Changpeng Zhao unless a freezing order is in put place, federal regulators said in a filing Tuesday night, after the crypto regulator was charged by the Securities and Exchange Commission. The SEC sued Binance and Zhao on Monday, alleging they engaged in the unregistered offer and sale of securities and commingled investor funds with their own. Years of communications between the SEC and Binance, which claims no official headquarters, suggest that Binance.US couldn't clearly indicate who controlled customer assets, according to the filing. "Zhao and Binance have had free reign," the SEC alleged, over "customer assets worth billions of dollars." The SEC says federal law and precedent establish the court's jurisdiction over Zhao and Binance.
Persons: Binance's, Changpeng Zhao, Zhao, Binance, Timothy Massad Organizations: Binance, Securities and Exchange Commission, Lawyers, SEC, BAM, BAM Management, Binance's, BAM Trading Locations: U.S, Swiss, British Virgin Islands, Binance's U.S, United States, UAE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase said last Wednesday that the SEC issued the company a wells noticeMad Money host Jim Cramer talks to fmr. CFTC Chair Timothy Massad about the case Binance and the crackdown on crypto.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCryptocurrency risks come partly from the trading venues themselves, ex-CFTC chairman saysTimothy Massad, research fellow at the Harvard Kennedy School of Government and former chair of the Commodity Futures Trading Commission, says cryptocurrency exchanges aren't following traditional standards.
A problem with crypto is that many exchanges simply aren't following the rules, according to the former CFTC chief. Timothy Massad noted that many exchanges weren't registering with the SEC and claiming that tokens were commodities, not securities. That reluctance to follow rules that protect clients is among the biggest risks in the crypto space, he said. But many crypto exchanges just aren't registered with the regulator and are claiming that crypto tokens aren't securities, though SEC chief Gary Gensler has said that they are. Many crypto exchanges have claimed that cryptocurrencies are commodities, Massad said, which places them in a regulatory loophole, as there is no federal oversight over the commodities spot market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe SEC and CFTC need to write joint crypto trading platform standards, says fmr. CFTC commissionerTimothy Massad, former Commodity Futures Trading Commission chairman, joins 'TechCheck' to discuss designating virtual currencies as commodities or securities, regulatory action following the FTX bankruptcy and identifying regulatory authorities for crypto.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto trading venues don't follow standards in securities and derivatives markets: Research fellowTimothy Massad, research fellow at the Harvard Kennedy School of Government and former chair of the Commodity Futures Trading Commission, discusses the need for better regulation in the cryptocurrency industry.
Fmr. CFTC chair on regulating the crypto industry
  + stars: | 2022-12-01 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. CFTC chair on regulating the crypto industryFormer CFTC Chair Timothy Massad on the next steps for regulating cryptocurrency. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Courtney Garcia and Bonawyn Eison.
Tiffany Trump, 29, married billionaire Michael Boulos, 25, in Mar-a-Lago over the weekend. According to The New York Times, Boulos proposed in the Rose Garden with a 13-carat diamond worth $1.2 million. According to Town and Country, Michael Boulos has served as a director at some of his father's companies. Meanwhile, Michael's mother, Sarah Boulos, is the founder of the Society for the Performing Arts in Nigeria, according to Town and Country. When Tiffany Trump began to bring Boulos to events with her family in late 2018, Maples told Town and Country: "I adore Michael!"
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