Daily Archives: April 5, 2024, 7:55 am

SEC Accepts Pause on Its Climate Rule – WSJ

The Securities and Exchange Commission said Thursday it would pause the implementation of its new climate disclosure rule while it fights in court over the measure’s legality. The SEC will stay the rule, in part to avoid regulatory uncertainty as litigation proceeds, the agency said in a filing with the U.S. Court of Appeals for the Eighth Circuit. An appeals…

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Crypto Firms Take SEC Fight to Texas, With Eye on Supreme Court

The cryptocurrency industry, feeling the squeeze from securities regulators suing in New York, is going on offense in Texas, with backing from venture capital giants and US Supreme Court veterans. At least twice in recent weeks, small crypto businesses wary of enforcement actions have teamed up with well-connected trade groups to sue the Securities and Exchange Commission, challenging how the…

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Sam Bankman-Fried Is Going to Prison, but the Fight Over Money at FTX Drags On – WSJ

Spring has brought a measure of justice for FTX’s victims: Sam Bankman-Fried, the crypto exchange’s founder, was sentenced last month to 25 years in prison for what prosecutors called one of the largest financial frauds in U.S. history. But for many onetime FTX customers, the exchange’s collapse is still a source of anger and frustration. Some are fighting to recover…

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