SEC’s new dealer rules focused on LPs will be challenged in court, say experts
SEC Commissioner Hester Pierce said the new rules harm not only the market participants who find themselves transformed into dealers but also the broader market.
SEC Commissioner Hester Pierce said the new rules harm not only the market participants who find themselves transformed into dealers but also the broader market.
The current draft of Senate Bill No. 339 is a substitute amendment to the bill’s initial version introduced in January.
The widespread growth of generative AI has provided lawmakers with a clear motivation to review the regulations to facilitate crime reporting for child sexual abuse victims and provide relevant support.
Criminals that make more than 5 billion won ($3.8 million) in illegal crypto profits are facing life sentences in South Korea.
A Seoul court sentenced the pair to a combined eight years in jail and said a “significant amount” of Bitsonic user funds is still missing.
The three major averages (^DJI, ^GSPC, ^IXIC) all closed higher on Tuesday, February 6. They were led by materials and real estate, two sectors that have been beaten down recently. Tech, however, lagged. Yahoo Finance Market Reporter Jared Blikre takes a closer look at the market action. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Shares of Nvidia (NVDA) continue to rise as the company reaches a new milestone of having a $100 billion higher market cap than the entire energy sector. The chipmaker is rapidly approaching a $2 trillion market cap, after breaking the $1 trillion market cap just last year. Yahoo Finance Executive Editor Brian Sozzi joins the Live show to discuss Nvidia and its latest achievements. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
According to Foresight News, the Shanghai Municipal People's Government has issued a notice on the implementation plan for Shanghai to implement the overall plan for a high-level system of openness in the China (Shanghai) Pilot Free Trade Zone. The notice highlights the orderly promotion of the digital yuan pilot and the expansion of its application scenarios. The aim is to create a more convenient, inclusive, and user-friendly digital yuan acceptance environment. This will further deepen the pilot application of the digital yuan in areas such as trade settlement, chain supermarkets, tourism catering, and e-commerce platform payments, gradually building a digital yuan ecosystem. The notice also encourages financial institutions to apply technologies such as artificial intelligence and blockchain to deepen international cooperation in financial technology and create demonstration scenarios for fintech applications.
The U.S. Securities and Exchange Commission approved spot Bitcoin exchange-traded funds for the first time on Jan. 10.
The rule changes proposed in 2022 were criticized by the crypto industry at the time and opposed by the Republican SEC commissioners.