Daily Archives: May 20, 2022, 1:16 pm

Appeals Court Undercuts Agency Enforcement in SEC Fraud Case

“This very bold, radical, activist decision to hold unconstitutional provisions of a New Deal-era administrative agency’s enforcement regime has potential implications across the government,” said Catherine Fisk, a law professor at University of California-Berkeley. “It’s staggering.” The ruling dealt a blow to the federal agency enforcement powers in the Fifth Circuit’s jurisdiction, which includes Texas, Louisiana, and Mississippi. It’s unclear…

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Productive Bubbles and Swindles. This time is different from the dot-com… | by Stephen Diehl

Unlike the dot-com bubble, nothing will be left after crypto because nothing was ever built; the crypto bubble is inflated purely out of the financialization of hot air and nothingness wholly detached from reality. Crypto is a pure speculative mania built purely on self-referential speculation. The market value of a crypto token oscillates randomly, subject to constant market manipulation and…

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Financial Crimes Efforts Get Funding Boost as Part of Ukraine Aid Package – WSJ

If the bill is signed by President Biden, nearly $30 million of those funds would go to the Treasury’s Financial Crimes Enforcement Network, Sen. Sheldon Whitehouse (D., R.I.) said in a statement on Thursday. FinCEN, a bureau of the Treasury, is tasked with collecting financial intelligence and enforcing laws that protect the U.S. financial system from illicit activity. Its budget…

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