SEC Chairman Gary Gensler Lays Out Regulatory Responsibilities Around Crypto

SEC Chairman Gary Gensler Lays Out Regulatory Responsibilities Around Crypto

ByNews Polite

The US Securities and Exchange Commission (SEC) chairman Gary Gensler said the commission might tailor securities laws for crypto companies to comply. In an interview, Gensler said the commission has “exemptive authorities” to tailor its investor protection and disclosure laws. Gensler continued that several crypto companies have been non-compliant in…

Elon Musk Faces the US SEC Scrutiny Over Tweets on USD 44 Billion Twitter Deal

Elon Musk Faces the US SEC Scrutiny Over Tweets on USD 44 Billion Twitter Deal

ByNews Polite

The US Securities and Exchange Commission sent a letter to Elon Musk last month asking for clarification over some of the tweets the billionaire sent about his $44 billion (nearly Rs. 3,51,400 crore) deal for Twitter, regulatory filing showed on Thursday. The US Securities and Exchange Commission (SEC) asked Musk…

Donald Trump’s Social Media Firm Said to Receive Subpoenas From SEC, Federal Jury

Donald Trump’s Social Media Firm Said to Receive Subpoenas From SEC, Federal Jury

ByNews Polite

Donald Trump’s social media company and some of its employees received subpoenas from both a federal grand jury and securities regulators, according to a public disclosure Friday, possibly delaying or even killing a deal promising a cash infusion needed to take on Twitter. Trump Media & Technology Group received subpoenas…

Elon Musk to Explain Delay in Reporting Twitter Stocks Buy, Says US Regulators

Elon Musk to Explain Delay in Reporting Twitter Stocks Buy, Says US Regulators

ByNews Polite

US market authorities have asked Elon Musk to explain an apparent delay in reporting his Twitter stock buys, the agency revealed Friday, the latest questions on the methods and intent of his troubled bid for the platform. Musk became a major Twitter stockholder following the purchase of 73.5 million shares…