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US Justice Department Receives Over 250 Whistleblower Tips in New Program
The U.S. Justice Department has received over 250 whistleblower tips regarding potential corporate misconduct since launching a pilot program in August. Principal Associate Deputy Attorney General Marshall Miller highlighted the program's success in uncovering previously unknown criminal activities and emphasized its role in encouraging companies to self-disclose issues. Despite speculation about changes under the incoming Trump administration, Miller defended the initiative as beneficial for public interest.
bitcoin rallies as crypto advocates target us regulatory positions
Bitcoin is on the rise, approaching $100,000, fueled by optimism that crypto-friendly candidates will lead US financial regulatory bodies under Donald Trump. The digital asset peaked at $97,361 before settling at $96,400, as support for these candidates boosts market sentiment.
active exchange-traded funds emerge as a key player in investment management
Actively managed exchange-traded funds (ETFs) are emerging as a significant trend in investment, attracting $603 billion from investors while active mutual funds faced $2.2 trillion in outflows since 2019. With lower fees and tax efficiency, active ETFs are seen as a growth engine for active management, despite representing only 8% of ETF assets. The conversion of active mutual funds to ETFs has further bolstered this trend, with funds experiencing a notable increase in inflows post-conversion.
Bitcoin approaches 100000 amid optimism over US regulatory changes
Bitcoin approached the $100,000 mark, trading at $98,550, fueled by optimism over favorable US regulations and increased investor interest following President-elect Donald Trump's support for cryptocurrency. The market has surged by approximately $1 trillion since Trump's election win, with expectations that SEC enforcement actions will diminish after Gary Gensler steps down on January 20.
gary gensler to resign as sec chair effective january 20
Gary Gensler, the Chair of the SEC, is set to resign on January 20. He acknowledged the agency's mission-driven focus on protecting investors, facilitating capital formation, and ensuring market integrity, despite facing significant pushback from Wall Street and the crypto sector.
Gensler defends SEC achievements and crypto regulation in potential farewell speech
Gary Gensler, the SEC Chair, expressed pride in his tenure during a recent speech, highlighting key accomplishments such as new disclosure rules and market structure reforms. He defended the SEC's approach to crypto regulation, emphasizing the need for registration and oversight to protect investors from significant harm. Gensler's remarks hinted at a possible transition, though he did not announce his resignation.
Trump administration poised to roll back ESG regulations in the US
President-elect Donald Trump is poised to dismantle ESG-related regulations in the U.S. upon taking office in January. This includes blocking Securities and Exchange Commission rules for corporate and fund disclosures, as well as Labor Department requirements for pension funds. Additionally, limits on ESG-related shareholder proposals during proxy season are expected.
SEC investigates Santander over unapproved messaging platform usage
Banco Santander SA is under investigation by the Securities and Exchange Commission regarding the use of unapproved messaging platforms within its US markets unit. The inquiry focuses on compliance with business-related communications, and the bank is cooperating with the SEC following similar regulatory settlements involving other firms.
dollar trends and cryptocurrency outlook amid political shifts in the us
The trajectory of Bitcoin is closely tied to U.S. monetary policy and economic conditions, with potential short-term fluctuations influenced by political candidates' stances on cryptocurrencies. Despite Donald Trump's past criticisms, he now appears more favorable towards Bitcoin than Kamala Harris, whose position is complicated by the SEC's stringent regulations. Overall, the U.S. is unlikely to block promising technologies like Bitcoin, fostering an environment for innovation and competitiveness.
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