# Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets

# Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets

” Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets “ The long-awaited Responsible Financial Innovation Act to create a regulatory framework for digital assets was introduced in the United States Senate on Tuesday. The official text of the 69-page document was also released.  The bipartisan bill, sponsored by Senators Cynthia Lummis of Wyoming…

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#Redditors rip SEC over video targeting ‘meme stock’ investors

#Redditors rip SEC over video targeting ‘meme stock’ investors

“Redditors rip SEC over video targeting ‘meme stock’ investors” The SEC’s attempt to inform the public about the potential pitfalls of investing in so-called “meme stocks” infuriated some Redditors this week – with users on “WallStreetBets” and other boards grumbling that the agency was hypocritical and out of touch. The SEC’s 30-second video titled “Meme…

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# One River’s spot Bitcoin ETF application rejected by SEC

# One River’s spot Bitcoin ETF application rejected by SEC

” One River’s spot Bitcoin ETF application rejected by SEC “ The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin…

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#SEC fines Wells Fargo M for anti-money laundering lapses

#SEC fines Wells Fargo $7M for anti-money laundering lapses

“SEC fines Wells Fargo $7M for anti-money laundering lapses” The Securities and Exchange Commission said Friday that Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering related violations. The regulator said Wells Fargo Advisors failed to file at least 34 Suspicious Activity Reports in a timely manner between April 2017 and October 2021. The lapse arose because the…

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