In an interview with CNBC Squawk Box posted Thursday, Clayton said bitcoin had the status as a non-security at the SEC but this does not mean it should not be regulated. “Where digital assets land at the end of the day will be driven in part by regulation ...Read More

A U.S. markets watchdog official on Wednesday warned dealmakers in the frothy blank-check market to follow the regulatory demands associated with special purpose acquisition companies, or SPACs, amid concerns over problems with the capital-raising scheme. The acting chief accountant at the Securities and Exchange ...Read More

Dogecoin spiked as much as 29% on Thursday to its highest since mid-February after Elon Musk tweeted about his space exploration company putting a “literal” version of the meme cryptocurrency on the moon. At 6:25 am ET, the Tesla CEO and SpaceX published a tweet to his 50 ...Read More

Regulators in DC are starting to feel the pressure to address the fallout from Archegos Capital, the faltering family firm that could inflict up to $10 billion in losses on some of the world’s largest banks. “We need transparency and strong oversight to ensure ...Read More

Wall Street on Tuesday saw muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses. Using derivatives, Archegos, pronounced “Ar-chee-gos” by the company, maintained ...Read More

A steel factory worker in China jumped into a blast furnace and died after losing $9,100 in stock trading, his employer said. The 33-year-old worker, Wang Long, had been working at the state-owned Baotou Steel in Inner Mongolia for more than a decade, before ...Read More

Financial regulators across the world are monitoring the collapse of the New York-based billionaire Bill Hwang’s personal hedge fund. The sudden liquidation of Hwang’s Archegos Capital Management sparked a fire sale of more than $20bn assets that has left some of the world’s biggest ...Read More