Days before Republicans took the helm of the U.S. Securities and Exchange Commission in January, the agency’s five commissioners held a closed-door vote on whether to sue Elon Musk. Since 2022, the agency had been investigating whether the billionaire, a close ally of incoming President Donald Trump, had violated securities laws by disclosing too late his purchase of shares of…
Market manipulation in the cryptocurrency world is rampant—and fewer than 500 people are responsible for as much as $250 million a year in profits and over $3.2 trillion in artificial trading, according to a new study published on Cornell University’s preprint server arXiv. Honglin Fu and colleagues at University College London have developed a tool that can track the coordination…
His first challenge is to get the office out of Trump’s crosshairs. Just weeks ago, its resistance to doing the president’s bidding on the Adams case prompted Justice Department leaders to dig out text messages to paint well-regarded attorneys as political hacks. Clayton has pointed to his record running the Securities and Exchange Commission free of friction and undue influence…
Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury’s Monday filing in Van Loon v. Department of the Treasury. Source: Tornado Cash…
On March 19, 2025, the Securities and Exchange Commission obtained a final judgment by consent against Cambridge Investment Research Advisors, Inc. (CIRA), a registered investment adviser based in Fairfield, Iowa. The Commission had charged CIRA with failing to disclose material conflicts of interest and breaching its duty of care related to its recommendation to place clients in wrap accounts and…
Donald Trump’s official memecoin was the best performing digital asset on Monday during asian hours, according to CoinGecko data, after the U.S. President posted on Truth Social calling TRUMP “the greatest of them all” and “cool.” Source: Trump Memecoin News: TRUMP Token Pops 12% as the President Calls It ‘The Greatest of Them All’