Federal regulators are scrutinizing a growing number of companies that have embraced so-called crypto-treasury strategies this year, after unusual trading patterns in their shares caught their attention. The corporate trend has exploded in recent months, with hundreds of companies investing in crypto this year. Crypto-treasury strategies, popularized by Strategy (formerly MicroStrategy), involve raising funds through […]
Trump Pardoned Him. Now He Won’t Have to Pay Back $660 Million
The SEC has dropped civil enforcement cases this week against many of the people pardoned by President Donald Trump, according to the New York Times. One of those cases was against Trevor Milton, the founder of the now-defunct electric and hydrogen vehicle company Nikola, who was sentenced to prison for fraud in late 2023. Milton […]
Acting Head of SEC Was Only Commissioner Who Didn’t Vote to Sue Elon Musk
Just before Donald Trump took office in January, the U.S. Securities and Exchange Commission reportedly held a vote on whether the agency would sue Elon Musk for alleged violations of securities law related to his purchase of Twitter. According to Reuters, four commissioners—three Democrats and one Republican—voted to move forward with legal action against Musk. […]