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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/sec-mulls-new-limits-on-apps-that-use-data-to-make-stock-trading-fun-674abf3c
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ron-desantis-faces-flak-over-florida-black-history-curriculum-d3fc95d9
Persons: Dow Jones Locations: florida
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/secs-strategy-for-regulating-crypto-stumbles-in-ripple-case-a003c057
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-overhauls-money-market-fund-rules-in-latest-attempt-to-prevent-bailouts-2f0f2925
Persons: Dow Jones
U.S. Takes Third Shot at Shoring Up Money-Market Funds
  + stars: | 2023-07-12 | by ( Paul Kiernan | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-overhauls-money-market-fund-rules-in-latest-attempt-to-prevent-bailouts-2f0f2925
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/secs-gary-gensler-had-crypto-in-his-sights-for-years-now-hes-suingbinance-and-coinbase-dbeb79eb
Persons: Dow Jones
The SEC votes Wednesday on a rule that would require significantly more disclosure from public companies about share repurchases. Photo: Farrah Skeiky for The Wall Street JournalWASHINGTON—Regulators are poised to make companies jump through more hoops to buy back their own stock, in Washington’s latest move to rein in the transactions. The Securities and Exchange Commission will vote Wednesday on whether to adopt a rule that would require significantly more disclosure from public companies about share repurchases. The planned change comes after Congress last year created a new 1% excise tax on stock buybacks, a levy President Biden has proposed quadrupling.
A. Roy Lavik began serving as CFTC inspector general in 1990. Photo: Office of the Inspector General, Commodity Futures Trading CommissionA federal regulator has suspended its inspector general after an oversight body found that he engaged in “substantial misconduct,” including wasting government funds, outing whistleblowers and disparaging employees, people familiar with the matter said. The Commodity Futures Trading Commission, which regulates derivatives markets, voted 3-0 to place its inspector general, A. Roy Lavik , on “non-duty status” while it considered what further action to take, the people said. The agency informed leaders of several congressional committees of the move earlier this week, the people said.
Illustration: Preston Jessee/WSJThe European Union plans to require thousands of U.S. companies to disclose extensive details about how their operations affect the climate—unless the Securities and Exchange Commission passes rules that EU officials see as tough enough to take their place. More than 3,000 U.S. companies are expected to have to gather and disclose data on their greenhouse-gas emissions and those of their suppliers and customers under a European Union law passed in 2022. The law says non-EU companies can get out of the new rules only if they face equivalent requirements elsewhere.
Illustration: Preston Jessee/WSJThe European Union plans to require thousands of American companies to disclose extensive details about how their operations affect the climate—unless the Securities and Exchange Commission passes rules that EU officials see as tough enough to take their place. More than 3,000 U.S. companies are expected to have to gather and disclose data on their greenhouse-gas emissions and those of their suppliers and customers under a European Union law passed in 2022. The law says non-EU companies can get out of the new rules only if they face equivalent requirements elsewhere.
Old-School Rules Apply to New-School DeFi Exchanges
  + stars: | 2023-04-22 | by ( Paul Kiernan | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/old-school-rules-apply-to-new-school-defi-exchanges-1ec14258
House Republicans Face Resistance Reviving Stablecoin Bill
  + stars: | 2023-04-20 | by ( Paul Kiernan | ) www.wsj.com   time to read: +1 min
Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. WSJ explains how crypto became so interconnected. Illustration: Mallory BranganWASHINGTON—Lawmakers are at odds over how to regulate stablecoins as the fallout from cryptocurrency platform FTX’s collapse last year has left Democrats nervous about strengthening crypto’s ties to the broader financial system. House Republicans and Democrats expressed starkly different views in a hearing Wednesday on previously bipartisan legislation to regulate stablecoins, a type of cryptocurrency that aims to maintain a one-to-one ratio to the dollar. The bill, which Republicans are trying to revive, would create requirements for stablecoin issuers while granting them access to the Federal Reserve’s banking services.
Three GOP House members have cited low in-person attendance at the National Aeronautics and Space Administration headquarters in Washington. WASHINGTON—The Biden administration urged federal workers to return to their offices in new guidance that gives agencies broad discretion for how to revamp their work environments and leaves room for some continued telework. The policy is aimed at “substantially increasing in-person work,” said Jason Miller , the Deputy Director for Management at the Office of Management and Budget in an accompanying blog post. The 19-page memo Thursday set no concrete targets for how many federal workers must come back or by when, and it indicated officials would evaluate where remote work has been effective.
WASHINGTON—The Securities and Exchange Commission and Coinbase Global Inc. appear headed for a legal showdown that stands to have outsize consequences for both sides. The SEC notified Coinbase that it plans to sue the firm for allegedly violating a range of investor-protection laws, the firm said this week. An eventual SEC lawsuit against the largest U.S. crypto exchange could help determine the future shape of the business of exchanging dollars for digital tokens such as bitcoin, ether or polkadot. It would also be the SEC’s most significant move yet to rein in an industry that Chair Gary Gensler has described as rife with noncompliance—and one that would leave the agency with a black eye should it fail in court.
WASHINGTON—Brokers and asset managers would have to notify their customers of data breaches as part of a raft of cybersecurity-related rules the Securities and Exchange Commission is set to vote on Wednesday. The customer-notification requirement would give firms no more than 30 days to alert individuals whose sensitive information was likely to have been accessed without authorization. The new rule would come alongside additional expansions to the SEC’s 24-year-old regulation governing financial firms’ protection of customer data, which SEC Chair Gary Gensler tied to soaring reports of identity theft.
Regulators are going after crypto staking, most recently with a $30 million fine in February against a crypto exchange called Kraken. The move has big implications for the crypto industry. Here’s what you need to know.
Regulators are going after crypto staking, most recently with a $30 million fine in February against a crypto exchange called Kraken. The move has big implications for the crypto industry. Here’s what you need to know.
WASHINGTON—A trio of federal regulators warned U.S. banks to be mindful of heightened liquidity risks in deposits related to cryptocurrency-related entities. The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. said in a joint statement Thursday that banks should apply effective risk-management practices when dealing with crypto.
Wall Street’s main regulator proposed heightened requirements for businesses that safeguard assets for fund managers, a move that could further squeeze crypto platforms such as Coinbase Global Inc. as the industry comes under pressure from regulators. The Securities and Exchange Commission voted 4-1 Wednesday to propose a rule that would expand the types of assets that investment advisers, such as hedge funds and pension funds, are required to hold using qualified custodians.
Wall Street’s main regulator is set to propose heightened requirements for businesses that safeguard assets for fund managers, a move that could further squeeze crypto platforms such as Coinbase Global Inc. as the industry comes under pressure from regulators. The Securities and Exchange Commission is scheduled to vote Wednesday on a proposal that would expand the types of assets that investment advisers, such as hedge funds and pension funds, are required to hold using qualified custodians.
Wall Street’s regulator proposed a rule that could make it more difficult for many asset managers to invest customers’ money in cryptocurrencies, as policy makers push to rein in the sector following trading platform FTX’s collapse. The Securities and Exchange Commission voted 4-1 Wednesday on a proposal that would expand the types of assets that investment advisers, such as hedge funds and pension funds, are required to hold using qualified custodians.
WASHINGTON—The Securities and Exchange Commission escalated its enforcement campaign against the cryptocurrency industry Thursday with a settlement that could imperil a lucrative activity for other major crypto firms. On Thursday, Payward Inc.’s Kraken platform agreed to stop offering so-called crypto staking services in the U.S. and pay $30 million in penalties to the SEC. Staking allows investors to earn a yield by temporarily handing their crypto tokens over to either an intermediary or a cryptocurrency network.
The Securities and Exchange Commission is considering a softening of planned rules requiring companies to disclose the effects of extreme weather and other costs related to global warming when the regulator completes its climate-change proposals, people close to the agency said. The Wall Street regulator is looking again at the financial reporting aspect of the climate-disclosure plan it issued last year, following pushback from investors, companies and lawmakers, the people said.
Traders on the floor of the New York Stock Exchange in 2008, during the financial crisis. WASHINGTON—Regulators proposed banning a Wall Street practice that lawmakers said was partly to blame for the 2008 financial meltdown. The Securities and Exchange Commission voted 5-0 Wednesday to re-propose a long-delayed rule that would prohibit conflicts of interest by entities that create asset-backed securities, such as mortgage bonds. The proposal will now be open for public comment until the commission considers whether to finalize the rule.
Traders on the floor of the New York Stock Exchange in 2008, during the financial crisis. WASHINGTON—Regulators are weighing whether to ban a Wall Street practice that lawmakers said was partly to blame for the 2008 financial meltdown. The Securities and Exchange Commission is set to vote Wednesday on whether to re-propose a long-delayed rule that would prohibit conflicts of interest by entities that create asset-backed securities, such as mortgage bonds. If a majority of the SEC’s five commissioners vote to propose the rule, it will be open for public comment before another expected vote to complete it.
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