As he courted cryptocurrency investors last year, Donald Trump promised to fire Gary Gensler, the Securities and Exchange Commission (SEC) chair who had scrutinized the industry, and install a new crypto-friendly regulator in his place. Trump, who launched his own crypto meme coin days before he took office, didn’t just …
Read More »How Elon Musk Is Using DOGE to Weaken His Regulators
Elon Musk, the de facto head of Donald Trump’s government, is also the orchestrator of the so-called Department of Government Efficiency (DOGE). But in leading a project to slash government agencies and the federal workforce, Musk is not missing his chance to attack the regulatory agencies that oversee the businesses …
Read More »Who Is the Anonymous Data Expert Telling Elon Which Cuts to Make?
Since Elon Musk’s so-called Department of Government Efficiency (DOGE) swept into Washington last month, an anonymous X account called DataRepublican has taken the government demolition crew’s supporters by storm. The account, and its alleged findings of mismanaged government agency spending, has been shared by Musk often, as well as Utah …
Read More »Elon Musk Accused of Trying to 'Distort' SEC Twitter Investigation
As Elon Musk repeatedly refuses the SEC‘s bid to interview him as part of its investigation over the handling of his Twitter takeover, a new filing accuses the billionaire of attempting to “misrepresent the scope of the SEC’s investigation.” In the SEC’s response to a motion filed by Elon Musk, …
Read More »Crypto Crackdown: SEC Charges Coinbase After Going After Binance
The Securities and Exchange Commission’s crypto crackdown continued Tuesday, with the financial regulator bringing new charges against another major cryptocurrency exchange, Coinbase. The new complaint alleges that, since at least 2019, Coinbase has served as a securities exchange, broker, and clearing agency but never registered as such with the SEC. …
Read More »Lindsay Lohan and a MILF Porn Star Among Celebrities Charged With Illegally Promoting Crypto
Herbie: Fully Loaded actor Lindsay Lohan and an adult performer known for playing MILFs are among those being charged in an cryptocurrency fraud scheme, according to a press release from the Securities and Exchanges Commission, published Wednesday afternoon. The press release states that eight celebrities, including Lohan, adult performer Kendra …
Read More »