The SEC's X account was apparently 'compromised' to falsely claim bitcoin ETFs were approved
The official SEC Twitter account was temporarily compromised and a rogue post about bitcoin ETFs being approved caused a temporary surge in bitcoin prices.
SEC Chair Gary Gensler clarified that the post was unauthorized and that the SEC has not approved the listing and trading of spot bitcoin ETFs. [ more ]
Supreme Court Conservatives Appear Hostile To Securities And Exchange Commission's Reach
The U.S. Supreme Court's conservative justices questioned the constitutionality of the Securities and Exchange Commission's ability to take enforcement actions outside of the court system during oral arguments.
The case could have significant implications for the power of federal agencies to enforce the law through administrative proceedings.
Conservative judges on the U.S. Court of Appeals for the 5th Circuit previously ruled that Congress unconstitutionally gave the SEC the power to choose where to bring proceedings. [ more ]
Supreme Court Conservatives Appear Hostile To Securities And Exchange Commission's Reach
The U.S. Supreme Court's conservative justices questioned the constitutionality of the Securities and Exchange Commission's ability to take enforcement actions outside of the court system during oral arguments.
The case could have significant implications for the power of federal agencies to enforce the law through administrative proceedings.
Conservative judges on the U.S. Court of Appeals for the 5th Circuit previously ruled that Congress unconstitutionally gave the SEC the power to choose where to bring proceedings. [ more ]
The Supreme Court ruled that the Securities and Exchange Commission's practice of bringing enforcement actions in internal tribunals violated the right to a jury trial. [ more ]