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(Bloomberg)($)
Two Securities and Exchange Commission lawyers resigned after a federal judge sanctioned and sharply rebuked the Wall Street regulator for “gross abuse” of power in a crypto case. Michael Welsh and Joseph Watkins stepped down this month after an SEC official told them that they would be terminated if they stayed, according to people familiar with the matter. The pair were lead attorneys on a case against Digital Licensing Inc., a crypto platform known as DEBT Box.
(New York Post)
BlackRock increased spending on private security for CEO Larry Fink more than threefold last year after he came under withering criticism for the asset manager’s commitment to investing in companies that promote controversial ESG strategies.
The world’s largest fund manager, with some $10.5 trillion in assets under its watch, filed a proxy statement with the Securities and Exchange Commission earlier this month that showed it spent $563,513 to “upgrade the home security systems” at Fink’s residences last year.
(Investment News)
The banking behemoth is transferring its automated investing business to Betterment as it refocuses on its Wall Street operations.
(CoinDesk)
After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction.
(The Block)
A newly introduced bill in the Senate would be beneficial to stablecoin issuers, according to a note from investment bank TD Cowen. The Lummis-Gillibrand Payment Stablecoin Act, introduced last week by Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., would create “clear rules of the road,” the bank said in a note on Monday.
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