Streetbeat News

Regulatory

ETHUSD

Mark Cuban criticizes SEC Chair Gary Gensler's approach to regulating cryptocurrency, suggesting that the current registration process for token-based companies is flawed. Cuban's comments highlight the need for an amended Form S-1 for cryptocurrency assets and suggest that the SEC's stance could impact the 2024 presidential election.

Portfolio Pulse from Aniket Verma

July 02, 2024 | 4:09 am

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TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth, criticized the blame placed on cryptocurrencies for regulatory issues, highlighting a Financial Times report that drug traffickers favored Citigroup for money laundering due to weak fraud controls. Gerber's comments come amid increasing regulatory scrutiny of cryptocurrencies.

Portfolio Pulse from Aniket Verma

July 02, 2024 | 2:26 am

ASST

Trading for ASST was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 11:50 pm

VRNOF

A federal court has dismissed a lawsuit from major marijuana companies, including Verano Holdings Corp. (OTC:VRNOF), that sought to prevent the U.S. government from enforcing cannabis prohibition against their in-state activities. The court ruled that existing Supreme Court precedents restrict its authority to alter federal regulations on controlled substances.

Portfolio Pulse from Franca Quarneti

July 01, 2024 | 11:18 pm

DJT

The U.S. Supreme Court granted former President Donald Trump partial immunity for actions committed while in office, sparking mixed reactions. The ruling, which came ahead of the 2024 election, means cases against Trump related to his presidential duties may be delayed until after the election. Critics argue this places Trump above the law, while supporters see it as a victory for presidential powers.

Portfolio Pulse from Chris Katje

July 01, 2024 | 10:12 pm

GMFI

Aetherium Acquisition is preparing a compliance plan to present to the Nasdaq Listing Council by July 5, 2024. The company intends to file Form F-4 before a decision on its appeal regarding Form 25-NSE. The plan includes qualifying for the Nasdaq Capital Market and preparing a transfer application for trading its securities there.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:58 pm

SICP

The SEC has filed a lawsuit against Silvergate Capital Corp. (OTCPK: SICP) for alleged securities fraud related to the collapse of the cryptocurrency exchange FTX. The lawsuit claims that Silvergate and its former executives misled investors about their compliance programs, resulting in significant financial losses.

Portfolio Pulse from Piero Cingari

July 01, 2024 | 9:13 pm

COIN

HOOD

SI

SONY

Cryptocurrency markets are trading higher with Bitcoin, Ethereum, and Dogecoin starting July in the green. Miner selling is reportedly subsiding. Notable developments include Robinhood's acquisition of Pluto Capital, DOJ's partnership with Coinbase, and Sony's entry into crypto. Bitcoin's key metrics show a decline, but open interest is at a weekly high. The SEC is suing Silvergate for securities fraud.

Portfolio Pulse from Khyathi Dalal

July 01, 2024 | 8:57 pm

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KRUZ

NANC

Rep. Marjorie Taylor Greene has reported several stock transactions, including buying shares of CrowdStrike Holdings Inc., a stock also owned by Nancy Pelosi. This has raised concerns due to Greene's position on the Subcommittee on Cybersecurity, Information Technology, and Government Innovation. The news highlights the ongoing debate about whether Congressional members should be allowed to trade stocks.

Portfolio Pulse from Chris Katje

July 01, 2024 | 8:56 pm

SOUHY

TMQ

The Biden Administration has halted the Ambler Road project in Alaska to protect the environment and Native communities, impacting potential mining developments by Trilogy Metals and South32.

Portfolio Pulse from Stjepan Kalinic

July 01, 2024 | 8:22 pm