The SEC has a new boss for its Corporation Finance Division. James Moloney, a well-known figure in corporate securities law, is stepping into this important role. He's no stranger to the SEC, having worked there before from 1994 to 2000. After that, he spent time at a big law firm, Gibson Dunn & Crutcher, where he was a key player in their securities regulation and c...
There's a big change in where Donald Trump's money comes from. A recent study shows that most of his wealth is now tied to cryptocurrency. This shift is notable because Trump is known for his traditional businesses, like golf courses and real estate. The study claims that nearly 73% of Trump's wealth, which is about $11. 6 billion out of $15. 9 billion, comes from c...
The crypto world is buzzing with new Special Purpose Acquisition Companies (SPACs), but investors are not as excited as they once were. Two recent examples are M-3 Brigade Acquisition V Corp. (MBAV) and Columbus Circle Capital I Corp. (CCCM). Both have seen their stock prices drop, raising questions about the future of crypto SPACs. First, let's talk about Columbus ...
Elon Musk's companies have seen a mix of gains and setbacks since the Trump administration took office. Some government investigations into his businesses have slowed down or stopped. This has given Musk's firms, especially SpaceX, a chance to get billions in new government contracts. On the global stage, Musk is making deals and getting approvals to operate in other...
The political climate for cryptocurrency has undergone a significant transformation. This change has been particularly beneficial for Binance, a major player in the crypto world. The company, once seen as a rebel against regulations, is now finding a more welcoming environment, especially under the Trump administration. The shift in political winds has been dramatic...
The USA has a new plan to lead the world in crypto. Former President Trump shared his vision at a recent summit. He wants the USA to be the top player in Bitcoin and other digital currencies. The plan involves big changes. Trump wants to end strict rules that have been holding back the crypto industry. He believes that with the right laws, everyone from big banks to...
In the heart of Washington, D. C. , a young man with a background in football and law is making waves in the crypto world. Bo Hines, a 29-year-old former wide receiver, is now a key figure in President Donald Trump's crypto strategy. He is not a crypto expert by trade. He graduated from Wake Forest University with a law degree just three years ago. Before this, he ha...
Trump's push to make the US the "crypto capital" has Australian regulators worried. They fear that if the US eases up on crypto rules, scammers might have a field day. In 2023, Australians lost over $1. 3 billion to investment scams, with crypto playing a big part. The Australian Competition and Consumer Commission (ACCC) is sounding the alarm, warning of potential "...
Imagine this: Bank shares going up because the Federal Reserve, the central bank, just did something unexpected with the yearly economic challenges banks. Banking experts are seeing less obstacles ahead for the banks in 2025. The Fed just updated the future financial crisis's expected, hypothetical issues. Instead of thinking the worst for the next few years...
Just days into Donald Trump's second term, Wall Street's attitude towards crypto has done a 180. Morgan Stanley's CEO, Ted Pick, revealed at the World Economic Forum in Davos that the bank is keen to explore crypto transactions if regulations allow. Trump, once a crypto skeptic, has now embraced digital assets, issuing an executive order to promote their development....