Exchange-traded fund (ETF) issuers VanEck, 21Shares and Canary Capital sent a letter to the US Securities and Exchange Commission (SEC) urging a return to the “first-to-file” principle of approving ETF applications in the order they were submitted to the regulator. The companies argued that by failing to abide by the first-to-file principle, the default process…
Terminated employees at the Consumer Financial Protection Bureau (CFPB) have been brought back to work in response to a judge’s order — sort of. Probationary employees (a class of government workers who are newer to an agency or role) received letters over the weekend notifying them that they were reinstated into their positions, following a…
Follow live updates on the Trump administration here. President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an audacious idea that has been widely criticized as a scheme to enrich crypto investors. The basis of the stockpile will be a stash of Bitcoin, estimated to…
President Donald Trump has issued an executive order telling the Department of Justice to not enforce a rule that demands TikTok spin off from its Chinese parent company ByteDance or face a ban. The order, issued on Trump’s first day of office, is meant to effectively extend the deadline established by The Protecting Americans from…