SEC - Page 3

Coinbase CEO Brian Armstrong Accuses SEC of ‘Sketchy Behavior’

The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has accused the Securities and Exchange Commission (SEC) of unfairly targeting his platform and selective rule enforcement. Armstrong posted to social media: “They are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. If you don’t want this activity, then simply publish your position, in writing, and enforce it evenly across the industry.”

Coinbase CEO Brian Armstrong

SEC Announces No Plans to Regulate Cryptocurrency in 2021

Despite recent saber-rattling on the lack of “robust oversight” over cryptocurrency by Securities and Exchange Commission (SEC) chairman Gary Gensler, the Commission has no plans to regulate cryptocurrency in 2021, according to its recently published rulemaking list.

An image of Bitcoin and US currencies is displayed on a screen as delegates listen to a pa

Elon Musk U-Turns on Bitcoin – Again!

Tesla CEO Elon Musk stated on Sunday that the company will resume accepting Bitcoin as payment for its electric cars once it confirms that there is a “reasonable” level of clean energy used by miners.

Elon Musk shrugs

SEC: Tesla Failed to Control Elon Musk’s Social Media Usage

The SEC has reportedly told Tesla that the company violated a court-ordered policy to oversee tweets by CEO Elon Musk. According to a court decision, Musk’s tweets about Tesla were supposed to be approved by a company lawyer, which Musk critics labeled his “Twitter Sitter.”

Elon Musk CEO of Tesla

Robinhood Moves Toward IPO Despite GameStop Controversy

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Robinhood CEO Vladimir Tenev

Gary Gensler Signals Support for New Climate, Diversity, and Political Spending Disclosure Rules

President Joe Biden’s nominee to head the Securities and Exchange Commission indicated Tuesday that he would likely support new rules to force corporations to disclose their political spending activities, disclosure workforce diversity, and tighten disclosures around climate change, policies that would make businesses more susceptible to political pressure from the left.

SEC Nominee Gary Gensler

Whistleblower: Tesla Worker Trafficked ‘Significant Quantities’ of Cartel Drugs

A former Tesla employee has filed a formal whistleblower complaint with the SEC alleging that Tesla failed to disclose that authorities had discovered an alleged drug trafficking scheme involving an employee at the firm’s “Gigafactory” plant in Nevada. Among the other claims in the complaint, the whistleblower also describes the theft of more than $37 million worth of copper from Elon Musk’s Nevada facility.

Elon Musk of Tesla confused