Cryptocurrency Regulators Rush To Create First Major Rules

Concerned about the potential for a digital-era bank run, the Treasury Department is working on an oversight framework for the fast-growing sector.

#andreessen-horowitz, #banking-and-financial-institutions, #bitcoin-currency, #blockfi-inc, #coinbase-inc, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #financial-stability-oversight-council, #gemini-trust-co-llc, #gensler-gary-s, #liang-nellie, #mastercard-inc, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stablecoin, #treasury-department, #virtual-currency

Crypto’s Rapid Move Into Banking Elicits Alarm in Washington

The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.

#andreessen-horowitz, #banking-and-financial-institutions, #blockfi-inc, #coinbase-inc, #federal-reserve-system, #gensler-gary-s, #powell-jerome-h, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #treasury-department, #virtual-currency, #warren-elizabeth, #yellen-janet-l

Crypto Banking and Decentralized Finance, Explained

The revolution in digital money is now moving into banking, as cryptocurrency starts to reshape the way people borrow and save.

#banking-and-financial-institutions, #bitcoin-currency, #blockfi-inc, #ethereum-foundation, #gensler-gary-s, #kraken-payward-inc, #powell-jerome-h, #regulation-and-deregulation-of-industry, #virtual-currency

The World’s Biggest Crypto Exchange Still Lacks U.S. Footing

The founder of Binance, Changpeng Zhao, needs investors for the company’s U.S. unit after a recent venture capital deal fell through — a setback that cost him a C.E.O.

#binance, #brooks-brian-p, #california, #coinbase-inc, #gensler-gary-s, #initial-public-offerings, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states, #venture-capital, #virtual-currency, #zhao-changpeng

Google’s Hidden Monopoly

The absence of stringent regulation has allowed the search giant to dominate the powerful market for online advertising. Here’s how to fix it.

#advertising-and-marketing, #alphabet-inc, #antitrust-laws-and-competition-issues, #computers-and-the-internet, #conflicts-of-interest, #doubleclick-inc, #gensler-gary-s, #google-inc, #jayapal-pramila, #law-and-legislation, #online-advertising, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #texas

A Glimpse of a Future With True Shareholder Democracy

Big stock funds own increasingly large chunks of publicly traded companies, leaving fund shareholders without a vote on corporate governance. But there’s a better way.

#as-you-sow, #boards-of-directors, #coates-john-c-iv, #conflicts-of-interest, #gensler-gary-s, #mutual-funds, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #shareholder-rights-and-activism

S.E.C. Chair Gensler Emphasizes Transparency in Markets

In a hearing focused on the frenzied trading of GameStop stock, the new S.E.C. chairman suggests more disclosure is needed.

#archegos-capital-management-llc, #banking-and-financial-institutions, #gamestop-corporation, #gensler-gary-s, #house-committee-on-financial-services, #house-financial-services-committee, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-commodities-violations, #securities-and-exchange-commission, #stocks-and-bonds

Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate

Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.

#archegos-capital-management-llc, #banking-and-financial-institutions, #biden-joseph-r-jr, #center-for-american-progress, #coinbase-inc, #derivatives-financial-instruments, #gensler-gary-s, #ripple-labs-inc, #securities-and-exchange-commission, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #united-states-politics-and-government, #virtual-currency

Biden’s Picks for Financial Regulator Jobs Emphasize Transparency and Fairness

Nominees to lead the Securities and Exchange Commission and the Consumer Financial Protection Bureau faced questions about the limits of their power but said they wouldn’t shy from flexing it.

#banking-and-financial-institutions, #chopra-rohit, #consumer-financial-protection-bureau, #consumer-protection, #gensler-gary-s, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #senate-committee-on-banking, #stocks-and-bonds, #united-states-politics-and-government

New Jersey Sues Smith & Wesson Over Its Gun Advertising

The future of gun control may be at stake.

#apollo-global-management, #gensler-gary-s, #gun-control, #michaels-stores-inc, #murphy-philip-d-1957, #new-jersey, #smithwesson-holding-corporation

Biden’s Plan to Uncouple the Democrats From Corporations

Uncoupling his party from big business is a daunting task.

#appointments-and-executive-changes, #banking-and-financial-institutions, #biden-joseph-r-jr, #chopra-rohit, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #gensler-gary-s, #regulation-and-deregulation-of-industry, #united-states-politics-and-government

Why Tackling Gamestop’s Wild Stock Rise Will be a Challenge for Gensler

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

Gensler Faces Big Challenge in Tackling GameStop’s Wild Ride

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #content-type-service, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

What’s Next for Crypto Regulation

The rules are in flux as a new U.S. administration takes over.

#commodity-futures-trading-commission, #gensler-gary-s, #office-of-the-comptroller-of-the-currency, #regulation-and-deregulation-of-industry, #saturdaynewsletter, #securities-and-exchange-commission, #treasury-department, #virtual-currency, #yellen-janet-l

Gary Gensler Set to Lead S.E.C.

The Biden administration is also expected to name Rohit Chopra as the head of the Consumer Financial Protection Bureau, in moves that would bring Obama-era regulators to oversee key financial agencies.

#appointments-and-executive-changes, #biden-joseph-r-jr, #chopra-rohit, #commodity-futures-trading-commission, #gensler-gary-s, #securities-and-exchange-commission, #united-states-politics-and-government

Biden’s Transition Teams Suggest Tougher Wall Street Oversight

The president-elect has chosen proponents of stronger regulation to begin reviewing financial agencies.

#banking-and-financial-institutions, #consumer-financial-protection-bureau, #consumer-protection, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #english-leandra, #federal-deposit-insurance-corp, #federal-reserve-system, #gensler-gary-s, #kelleher-dennis-m, #presidential-transition-us, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #shelton-judy, #united-states-economy, #waller-christopher-1959