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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin's post-election rally continues as Fed cuts rates: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Grewal of Coinbase reacts to the 2024 election results, which saw hundreds of pro-crypto candidates win races across the United States.

Persons: explainers, Paul Grewal, Coinbase Organizations: CNBC Crypto, CNBC Locations: United States

Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% on Wednesday, their best day on record, as investors celebrated the company's victorious efforts to get pro-crypto candidates into office. "I am so grateful to Ohioans for their resounding support in this race," Moreno said in a statement Tuesday night. "I look forward to working with the new Republican Senate majority to fix our economy, secure our border, and return to American strength at home and abroad." "In the beginning, a lot of people didn't know what crypto was," Armstrong said of his earlier trips.

Persons: Brian Armstrong, Bryan van der Beek, Coinbase, Armstrong, Ohio Republican Bernie Moreno, Sherrod Brown, Bitcoin, Brown, Moreno, Donald Trump's, Ohioans, Gary Gensler, vociferously, Bernie Moreno, Stephen Maturen, Paul Grewal, Grewal, rulemaking Organizations: Coinbase Inc, Singapore Fintech, Bloomberg, Getty, Ohio Republican, Senate, Committee, Crypto, NBC News, Republicans, Republican, Republican Senate, Armstrong, Securities, Exchange, U.S, Brecksville, Center, CNBC, Trump, SEC Locations: Singapore, Washington, Brecksville , Ohio, United States

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ Crypto company Consensys cuts 20% of workforce, citing regulatory uncertainty: CNBC Crypto World
▼ + stars: | 2024-10-29 | by ( Mackenzie Sigalos | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto company Consensys cuts 20% of workforce, citing regulatory uncertainty: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Coinbase chief legal officer Paul Grewal discusses the crypto industry's final push to get out the vote for pro-crypto candidates across the country.

Persons: explainers, Paul Grewal Organizations: CNBC Crypto, CNBC

☆ Crypto relationship scams pose 'catastrophic harm,' SEC official says. Here's how to avoid them
▼ + stars: | 2024-10-07 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

krisanapong detraphiphat | Moment | Getty ImagesInvestors are at a heightened risk of cryptocurrency scams tied to fake relationships established over social media, dating apps and networking sites, federal officials warn. Last month, the SEC brought its first-ever enforcement actions tied to crypto relationship frauds. Crypto scam losses 'can be huge'Crypto, examples of which includes bitcoin and ethereum, is a digital currency. watch nowThere are "many variations" of crypto investment fraud, but the most prominent last year was the relationship scam, the FBI said. Jules, a victim of a crypto relationship scam, detailed her experience with the crime on a new FINRA podcast.

Persons: krisanapong, Fraudsters, Grewal, CoinW6, Kim Casci, Palangio, Micah Hauptman, Hauptman, Jules, —, Crispin La Valiente Organizations: Finance, FBI, Securities, Exchange Commission's, SEC, LinkedIn, Federal Bureau of Investigation, Consumers, Support, Financial Industry Regulatory Authority, Consumer Federation of America Locations: Seattle

☆ Coinbase-backed lobby urges ABC to ask about crypto in Trump-Harris debate
▼ + stars: | 2024-09-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Stand With Crypto's bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto AllianceStand With Crypto's bus tour through five battleground states is all about getting people registered to vote. Logan Dobson/Stand With Crypto Alliance"Bipartisan crypto legislation has already passed the House of Representatives, and more and more elected officials are coming out in support of crypto," the letter says. Stand With Crypto's tour through battleground states is more about turning out the vote than raising cash. Logan Dobson/Stand With Crypto Alliance

Persons: Logan Dobson, ABC didn't, Ohio Sen, JD Vance, Harris, Tim Walz, Joe Biden, Crypto, Sen, Kyrsten Sinema, Kyrsten, who's, Sinema, Paul Grewal Organizations: Crypto Alliance, Representatives, ABC, Trump, Public Citizen, CNN, Democratic, Crypto, Washington , D.C Locations: Phoenix, Las Vegas, Minnesota, Phoenix , Arizona, Arizona, Nevada, Michigan , Wisconsin, Pennsylvania, Washington ,

☆ How Trump was 'orange-pilled' by three bitcoiners in Puerto Rico and the promise of $100 million
▼ + stars: | 2024-08-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Earlier this year, Bailey promised to turn out $100 million and 5 million votes for Trump. Hoyos-López, Bailey's neighbor, had been recently orange-pilled, and was anxious to help out any way she could in getting Trump to Nashville. At the conference, Hoyos-López, Fabiano and Bailey worked to stage a second roundtable with Trump. To Fabiano, Bailey, and Hoyos-López, the stakes couldn't possibly be higher, as Democratic nominee Kamala Harris gains momentum in the polls. Less than a week after leaving Nashville, Fabiano, Hoyos-López and Bailey were back together closer to home to process all that had happened.

Persons: Dolly Parton, Donald Trump, Trump, conferencegoers who'd, Harris, Gary Gensler, CNBC hasn't, Keanu Reeves, Amanda Fabiano, Tracy Hoyos, David Bailey, Bailey, Fabiano, David, I've, Nashville ., Amanda, Hoyos, López, She's, Donald Trump's, Jon Cherry, He'd, Sen, Elizabeth Warren, Michael Saylor, he's, Emily, " Hoyos, Paul Grewal, Cantor Fitzgerald, Howard Lutnick, Rock, Billy Ray Cyrus, bitcoiner Tracy Hoyos, López Trump, Kamala Harris, she's, bitcoiners, Lopez Organizations: Broadway, Music City Center, Republican, Biden, SEC, CNBC, Washington Post, The Washington Post, BTC Inc, Trump, Wall Street, Miners, Lago, Music City, Getty, Riot, Marathon Digital Holdings, Scientific, Solana, Libertarian National Convention, Bitcoin, Mar, Nashville, Bitcoin Conference, Trump White Locations: NASHVILLE, Tenn, —, USA, Nashville, Puerto Rico, Nashville , TN, California, Guaynabo, San Juan, Manhattan, Trump, bitcoin, Egypt, New York, Palm Beach , Florida, Nashville , Tennessee, China, America, San Francisco, López, Japan, Hoyos, U.S, American, Puerto Rican

☆ Trump's bitcoin strategy was shared behind closed doors with CEOs who raised $25 million. Here's what he told them.
▼ + stars: | 2024-08-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +15 min

Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.

Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López

☆ Amazon could help fix its troubled grocery business — by expanding it
▼ + stars: | 2024-07-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

But Amazon, which has also spent four years opening Amazon Fresh stores and trying to build its grocery delivery business, hasn't been as disruptive to existing players like Walmart and Kroger as some feared it would be. To better serve the middle, Amazon could consider acquiring a grocery chain that already exists to boost its store network, Grewal said. Besides selling groceries, Amazon could use the stores to fill pick-up and delivery orders, much as they already do with Amazon Fresh and Whole Foods. AdvertisementOthers have also said that acquiring more stores could give Amazon the boost it needs to succeed in the grocery business. Do you work for Whole Foods, Amazon Fresh, or another part of Amazon's retail operations and have a story idea to share?

Persons: —, hasn't, it's, Dhruv Grewal, Grewal, Bernstein, Andy Jassy, Jassy Organizations: Service, Foods, Walmart, Kroger, Business, Babson College, Amazon, Albertsons Locations: Seattle

☆ Amazon Prime Day delivery workers say they're planning to grab early-morning shifts and take toilet paper with them
▼ + stars: | 2024-07-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Read previewAs Amazon's Prime Day approaches, one delivery driver in Texas has a strategy for handling the coming avalanche of packages. Flex workers, meanwhile, are independent contractors who are paid per shift (or "block," as the workers call them) and use their own cars to work. Some Amazon delivery workers said they peed in bottles as they faced pressure to complete their routes, BI reported in 2018. "Amazon Flex delivery partners have the freedom to take breaks and run errands during their delivery window specified in-app," Branden Baribeau, an Amazon spokesperson, told BI. AdvertisementDo you work for Amazon Flex, Whole Foods, Amazon Fresh, or another part of Amazon's retail business and have a story idea to share?

Persons: —, They're, she's, Branden Baribeau, Baribeau, Dhruv Grewal, Grewal Organizations: Service, Business, Amazon, Amazon ., Walmart, Target, Flex, Whole Foods, Babson College, Foods Locations: Texas, Alabama, Washington, Seattle

Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. In 2020, before Biden took office, the SEC accused Ripple and its founders of violating securities laws by acting as unregistered brokers of digital currency tokens, which the SEC regulates as securities. In 2023, the SEC filed a similar complaint against Coinbase, the largest U.S. crypto exchange platform. Trump has seized on this frustration in recent months, recasting himself from a crypto skeptic into a crypto supporter. Some in the crypto industry who are siding with Trump are going farther than just complaining about Gensler.

Persons: Donald Trump, David Sacks, Trump, Stuart Alderoty, Gary Gensler, Alderoty, Paul Grewal, Biden, Coinbase, Christopher Giancarlo, Heath Tarbert Organizations: U.S, Republican, CNBC, Securities and Exchange Commission, SEC, Trump, —, Futures, Commission Locations: Racine , Wisconsin, U.S, San Francisco, Washington

☆ Trump's NJ golf club liquor licenses are in Jr.'s name. Hiding behind his son isn't helping as the state moves to revoke.
▼ + stars: | 2024-06-28 | by ( Haven Orecchio-Egresitz | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Read previewThe liquor licenses for Donald Trump's three New Jersey golf courses are in his eldest son's name, not his own, according to records obtained by Business Insider. But hiding behind Donald Trump, Jr. isn't enough to protect the elder Trump. Donald Trump, Jr.'s signature on the most recent liquor license for his father's golf course in Bedminster, NJ. New Jersey attorney general's office/BIThe last time Trump almost lost all three of his New Jersey licenses was in 2021. The law firm that handles Trump's New Jersey liquor licenses did not respond to phone calls and emails requesting comment.

Persons: —, Donald Trump's, Donald Trump , Jr, Trump, Pine Hill , New Jersey —, Matthew J, Platkin, Donald J, prospers Trump, Peter M, Rhodes, Cahill, Wilinski, Joyce, Donald Trump, general's, Cooper, Trump's, Gurbir S, Grewal, William Fay, Fay Organizations: Service, Business, Trump National Bedminster, Trump National Golf Club, Trump National Philadelphia —, Pine, general's, Alcoholic Beverage Control, Trump, ABC, Trump Revocable Trust, Trump's New, Trump Organization, White, Trump Org, Court, New, New Jersey Licensed Beverage Association, LLCs, BI, Colts, Trump's Locations: New Jersey, Pine Hill , New Jersey, Jersey, Bedminster, NJ, United States, , New Jersey, Trump's New Jersey, New York , Georgia, Washington, DC, Florida, York, New York, Haddonfield , New Jersey, Bedminster , NJ . New Jersey, Trump's

☆ Bob Menendez: Top federal prosecutor in New Jersey tells jury senator never pressured him
▼ + stars: | 2024-06-18 | by ( Gregory Krieg | Sabrina Souza | ) edition.cnn.com time to read: +6 min

Menendez hoped that if I became US attorney, that I would look at (the Daibes case) carefully,” Sellinger said. That testimony came up again Tuesday when Menendez attorney Avi Weitzman pressed Sellinger on the nature of that interaction. This time, Sellinger told Solimon that he would not, after all, need to recuse himself from the Daibes case if he was nominated and confirmed. “If you call Sellinger,” Solimon said he told Menendez after the meeting, “you’ll be comfortable with what he says.”With Suarez’s chances sunk, Menendez recommended Sellinger for the job he had wanted all along. Solimon told Menendez he would contact Sellinger, he testified, but never did.

Persons: Sen, Bob Menendez, Menendez, Philip Sellinger, Sellinger, Fred Daibes, “, “ Sen, ” Sellinger, Avi Weitzman, ”, Weitzman, Nadine, Wael Hana, Nadine Menendez, Jose Uribe, Michael Soliman, Soliman, Esther Suarez, Phil Murphy’s, Murphy, Al Alvarez, Suarez, Alvarez, General Gurbir Grewal, Grewal, Biden, Solimon, ” Solimon, “ I’m, ” Menendez, – Organizations: CNN, District of, Daibes, Democratic Gov, New, White, Justice Department, United, ” Prosecutors Locations: Jersey, District of New Jersey, New Jersey, Qatar, American, Hudson County, Solimon, United States

☆ Former N.J. Attorney General Takes the Stand in Menendez Bribery Trial
▼ + stars: | 2024-06-06 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +1 min

New Jersey’s former attorney general, Gurbir S. Grewal, took the stand on Thursday afternoon in Senator Robert Menendez’s bribery trial, becoming the most prominent official to testify against the senator, a fellow Democrat. Mr. Grewal was expected to offer details about telephone calls from Mr. Menendez and a brief meeting the two had in September 2019 in the senator’s office in Newark. Being called as a witness in a criminal trial was an unusual role for Mr. Grewal, a former federal prosecutor who now leads the U.S. Securities and Exchange Commission’s enforcement division. Mr. Menendez turned to look directly at Mr. Grewal as he walked slowly to the stand. Mr. Uribe, who was charged last year in the alleged bribery conspiracy, pleaded guilty in March and is now cooperating with prosecutors.

Persons: Gurbir S, Grewal, Robert Menendez’s, Menendez, Mr, Jose Uribe, Uribe’s, Uribe Organizations: U.S . Securities, Exchange, Prosecutors Locations: Newark

☆ Trump Media's auditor charged with 'massive fraud' by SEC
▼ + stars: | 2024-05-03 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Trump Media's auditor, BF Borgers, committed fraud in 1,500 filings, the SEC said. "Trump Media looks forward to working with new auditing partners," a spokesperson said. AdvertisementThe Securities and Exchange Commission on Friday charged accounting firm BF Borgers and its owner, Benjamin Borgers, with "massive fraud." "Trump Media looks forward to working with new auditing partners in accordance with today's SEC order," a TMTG spokesperson told Business Insider. AdvertisementDespite losing money and being cagey about how its user base compares to its social media rivals, Trump Media is now valued at over $6.3 billion.

Persons: Trump, BF Borgers, —, Benjamin Borgers, Donald Trump's, Borgers, BF, Grewal Organizations: BF, SEC, Trump Media, Service, Securities, Exchange Commission, Trump Media & Technology, Bloomberg, Public Company, American Institute of Certified Public Accountants, Business, Truth

☆ Trump Media’s accounting firm charged with ‘massive fraud’
▼ + stars: | 2024-05-03 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

“Trump Media looks forward to working with new auditing partners in accordance with today’s SEC order,” Trump Media spokesperson Shannon Devine told CNN in a statement. According to filings, Borgers served as Trump Media’s independent registered accounting firm before the social media company went public in March. Later in March, the audit committee of Trump Media approved the hiring of Borgers as the public company’s accounting firm. The SEC review only focused on public companies, meaning BF Borgers’ work for Trump Media when it was private was not included. Trump Media is chaired and majority owned by former President Donald Trump, who is also the most popular user on Truth Social.

Persons: BF, Benjamin Borgers, “ Borgers, ” Gurbir Grewal, Trump Media , “, ”, Shannon Devine, Borgers, BF Borgers, Donald Trump Organizations: New, New York CNN, Trump Media & Technology, Securities and Exchange Commission, SEC, Truth Social, Trump Media, BF Borgers, “ Trump Media, ” Trump Media, CNN, Trump, Borgers Locations: New York

☆ Trump Media stock tumbles as the SEC charges its auditor with 'massive fraud'
▼ + stars: | 2024-05-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Trump Media's stock price dropped on Friday after its auditor was accused of "massive fraud." The auditor BF Borgers did not comply with common accounting standards, the SEC said. BF Borgers CPA PC, which audited the financials of Trump Media, had "deliberate and systemic failures to comply" with public company accounting standards, the regulatory agency said. BF Borgers settled the SEC charges by paying a $12 million penalty, while Borgers, the owner, paid a separate $2 million penalty. "Trump Media looks forward to working with auditing partners in accordance with today's SEC order," a spokesperson for TMTG said.

Persons: BF, —, Benjamin Borgers, BF Borgers, Borgers, Ben Borgers, Gurbir Grewal, TMTG Organizations: Trump, SEC, Service, Trump Media, Securities and Exchange Commission Locations: SEC's

☆ Terraform Labs and founder Do Kwon found liable in US civil fraud trial
▼ + stars: | 2024-04-05 | by ( ) edition.cnn.com time to read: +4 min

Kwon designed TerraUSD and Luna, a more traditional token that fluctuated in value but was closely linked to TerraUSD. The SEC is seeking civil financial penalties and orders barring Kwon and Terraform from the securities industry. Kwon falsely attributed the recovery to the reliability of TerraUSD’s algorithms, according to the regulator. Earlier in the case, Terraform argued that securities laws did not apply to the cryptocurrencies it developed. After a final judgment in the case, Terraform will be able to challenge that ruling on appeal.

Persons: Kwon, Terraform’s blockchain, Luna, Jed Rakoff, Terraform, Gurbir Grewal, ” Grewal, ”, Laura Meehan, ” Meehan, Terraform’s, Louis Pellegrino, ” Pellegrino, Rakoff Organizations: Labs, US Securities and Exchange Commission, SEC, SEC Division Locations: Manhattan, Singapore, Montenegro, United States, South Korea

The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on Wednesday, as a judge ruled that its claim that the cryptocurrency exchange engaged in unregistered sales of securities could be heard by a jury at trial. Coinbase shares fell around 2% on news of the ruling in Manhattan federal court rejecting its bid to dismiss the SEC's complaint. The regulator first filed suit against Coinbase in June, alleging the company was acting as an unregistered broker and exchange. "The Court finds that the SEC adequately alleges that Coinbase, through its Staking Program, engaged in the unregistered offer and sale of securities," Failla wrote. In June, SEC Chair Gary Gensler said that trading platforms like Coinbase "call themselves exchanges" but were "commingling a number of functions."

Persons: Coinbase, Katherine Polk Failla, Failla, Paul Grewal, Grewal, Gary Gensler, Gensler Organizations: The Securities, Exchange Commission, Coinbase, SEC, New York Stock Exchange, CNBC Locations: Manhattan, U.S

☆ US SEC sues Kraken crypto exchange over failure to register
▼ + stars: | 2023-11-20 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. In June, the SEC filed similar lawsuits against Binance, the world's largest cryptocurrency exchange, and Coinbase, the largest in the United States. Monday's lawsuit seeks a civil fine, disgorgement of ill-gotten gains, and a halt to acting as a crypto exchange without registering. The case is SEC v Payward Inc et al, U.S. District Court, Northern District of California, No.

Persons: Dado Ruvic, Gary Gensler's, Kraken, Gurbir Grewal, Binance, Jonathan Stempel, Chris Prentice, David Gregorio, Stephen Coates Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Binance, Payward Inc, Payward Ventures Inc, Blockchain, Digital Currency Group, Hummingbird Ventures, Tribe Capital, Payward, Court, Northern District of, Thomson Locations: San Francisco federal, United States, San Francisco, U.S, Northern District, Northern District of California, New York

The country's canned seafood industry is moving well beyond tuna sandwiches, a pandemic-era trend that began with Americans in lockdown demanding more of their cupboard staples. U.S. canned seafood industry sales have grown from $2.3 billion in 2018 to more than $2.7 billion so far this year, according to market research firm Circana. “I was eating the same canned fish that my great grandmother Rose in Brooklyn was eating in the 1930s," she said. “I thought that was just insane.”Her company, Fishwife Tinned Seafood Co., set out to offer high-quality, sustainably sourced seafood. “Our mission is really to just galvanize the canned fish industry and transform and make it what we think it can be,” Millstein said, adding that means offering much more “than tuna fish sandwiches."

Persons: Fishionado, Kris Wilson, Becca Millstein, coronavirus, “, ” Millstein, Rose, ”, Millstein, “ They’re, Simi Grewal, Manel, ” Maria Finn, John Steinbeck's, John Field, he's, ___ Watson Organizations: FRANCISCO, West Coast, Conservas, U.S . Food, Drug Administration, Greenpeace, National Marine Fisheries Service Locations: Europe, U.S, Danish, San Francisco, Houston, New York, tastings, TikTok ., Los Angeles, Spain, Portugal, Brooklyn, West, canneries, Oregon, Washington, Chengdu, Pacific, Bay, Patagonia, California, Monterey, San Diego

☆ The Cybersecurity Lawsuit That Boards Are Talking About
▼ + stars: | 2023-11-18 | by ( Sarah Kessler | More About Sarah Kessler | ) www.nytimes.com time to read: +2 min

Most experts agree that, regardless of the lawsuit’s outcome, it could affect how companies handle cybersecurity risks. In July, the agency adopted new cybersecurity disclosure requirements set to take effect in December. They require companies to report material attacks within four days and to make yearly disclosures about their cybersecurity risk management, strategy and governance. In a June speech, the S.E.C.’s enforcement director, Gurbir Grewal, said it had “zero tolerance for gamesmanship” around cybersecurity disclosures. No CISO can now risk basically painting an unrealistically positive picture of cybersecurity.”

Persons: Gurbir Grewal, ” Wolff, ‘, Ramakrishna, it’ll, ”, Jake Williams, CISOs Organizations: cybersecurity

☆ SEC alleges SolarWinds and key executive misled investors about cybersecurity prior to 'massive' cyberattack
▼ + stars: | 2023-10-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +6 min

"We allege that, for years, SolarWinds and Brown ignored repeated red flags about SolarWinds' cyber risks, which were well known throughout the company," SEC enforcement director Gurbir Grewal said in a press release. SolarWinds went public in 2018, and made only "generic" disclosures about cybersecurity risk in both its prospectus and in continued filings, the complaint said. However, the SEC alleged that SolarWinds and Brown knew that the company's cybersecurity practices were weak, pointing to an internal presentation from Brown that was made the same month SolarWinds went public. It appears to be one of the first times the SEC has alleged a company misled and defrauded investors over cybersecurity risks. In reality, Brown knew that the company was not following those best practices, the SEC alleged.

Persons: SolarWinds, Tim Brown, Brown, Gurbir Grewal, weren't, Solarwinds, Kevin Thompson, Sudhakar Ramakrishna, Mr, Alec Koch Organizations: SolarWinds Corp, New York Stock Exchange, Securities and Exchange Commission, SEC, software, Orion, unf, Regulators, MGM Resorts, CNBC Locations: New York, U.S, Russian, Clorox, SolarWinds

U.S. regulators on Monday sued SolarWinds, a Texas-based technology company whose software was breached in a massive 2020 Russian cyberespionage campaign, for fraud for failing to disclose security deficiencies ahead of the stunning hack. Detected in December 2020, the SolarWinds hack penetrated U.S. government agencies including the Justice and Homeland Security departments, and more than 100 private companies and think tanks. Koch added that “we look forward to defending his reputation and correcting the inaccuracies in the SEC’s complaint." Brown's current title at SolarWinds is chief information security officer. Capitalizing on the supply-chain hack, the Russian cyber operators then stealthily penetrated select targets including about a dozen U.S. government agencies and prominent software and telecommunications providers.

Persons: SolarWinds, Tim Brown, Brown, Alec Koch, Koch, Gurbir S, Grewal, “, ”, Biden, Chad Wolf Organizations: Securities and Exchange Commission, Justice and Homeland Security, SEC, Fortune, New, Homeland Locations: Texas, Russian, New York, SolarWinds, cyberattacks, Austin , Texas, North America, Europe, Asia

☆ US SEC will go to court if someone is 'playing games' during probes -official
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - A top U.S. Securities and Exchange Commission official on Wednesday said the SEC will turn to courts to enforce its subpoena authority when someone is "playing games" or trying to delay investigations. THE TAKEThe SEC's enforcement director Gurbir Grewal said the agency rarely turns to a court to enforce its subpoena authority, but will do so when necessary. Grewal estimated the agency pursued about a dozen such actions last year. KEY QUOTE:"We need to have accountability and we need to get that message out to the public," Grewal said at an industry conference.

Persons: Jim Bourg, Gurbir Grewal, Grewal, Elon Musk, Chris Prentice, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Rights, Exchange, Thomson Locations: Washington

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