Daily Archives: May 4, 2022, 12:20 pm

California governor signs executive order on cryptocurrencies

Newsom is directing the state’s business and economic development office to work in collaboration with California’s Business, Consumer Services and Housing Agency and the Department of Financial Protection and Innovation. The order is designed to “create a transparent and consistent business environment for companies operating in blockchain, including crypto assets and related financial technologies, that harmonizes federal and California laws, balances…

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SEC Crypto Cyber – Bloomberg

Notice that it’s all in the Division of Enforcement. As far as I can tell the Division of Writing DeFi Rules continues to have roughly zero dedicated position. The way you will know what SEC’s crypto rules are is that in like five years you will be able to look at a bunch of enforcement actions. Each enforcement action will begin…

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Is Stock Market Rigged? Bill Hwang Arrest Is Start of Trading Crackdown – Bloomberg

All of Wall Street should pay close attention. The Hwang case marks an upswing of federal investigations into a slew of suspected trading abuses. Three other broad inquiries have emerged in recent months to examine so-called block trades, short sales, and well-timed wagers. They all center on the same question: Are markets rigged? Source: Is Stock Market Rigged? Bill Hwang…

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FBI agents arrest Idaho man at Portland airport on warrant alleging securities fraud, insider trading – oregonlive.com

He’s accused of electronically accessing an investment advice service’s unannounced stock picks and using the information to generate millions of dollars in trading profits and providing insider tips to at least one other person, according to a federal complaint unsealed Tuesday. Investigators examined emails Stone sent to another person from January 20, 2021, through March 17 and found he provided…

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