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SEC Alert! SEC filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of Binance.US remain in the United States through the resolution

Source: https://www.sec.gov/files/litigation/complaints/2023/brief-pr2023-103.pdf Press Release: The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and

SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency. Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program.

https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdf Press Release: The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale

Report: U.S. regulators will potentially raise capital requirements for large banks by about 20%.

Source(s): https://www.wsj.com/articles/big-banks-could-face-20-boost-to-capital-requirements-c68c1e1b https://www.marketwatch.com/articles/goldman-citi-bank-stocks-capital-7f2ffd5e U.S. regulators will potentially raise capital requirements for large banks by about 20%. Regulators are preparing to increase a banks capital requirements, with the exact amount determined by each specific financial institution’s business activities,

SEC Alert! SEC Files 13 Charges Against Binance Entities & Founder Changpeng Zhao. Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform

https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf The following year, the Audit Firm continued to identify significant weakness in controls with respect to custody of digital assets. On May 20, 2022—in its third letter identifying weakness for the company—the Audit Firm found that BAM Trading

This weeks changing definition of recession: 'Full-Employment Recession'

Source: https://www.wsj.com/articles/get-ready-for-the-full-employment-recession-bc9937a5 Last week it was 'freight recession' from the Fed's beige book. However, this all sounds like a fancy way of saying EBITDA (earnings before interest, taxes, depreciation, and amortization) Recession from the week before, which sounds like a fancy

SEC Alert! The SEC will hold an OPEN Meeting on Wednesday, June 7, 2023 at 10:00 a.m. to consider, amongst other items, whether to adopt rules that are designed to prevent fraud, manipulation, and deception in connection with transactions

https://public-inspection.federalregister.gov/2023-11960.pdf MATTERS TO BE CONSIDERED: 1. The Commission will consider whether to adopt rules under the Securities Exchange Act of 1934 (“Exchange Act”) that are designed to prevent fraud, manipulation, and deception in connection with transactions in security-based swaps as well as to prevent the

FICC - MBS Alert! Capped Contingency Liquidity Facility (“CCLF®”) Reset Reminder: The reset will be effective as of July 1, 2023. "All members are reminded that CCLF requirement provided by MBSD will be incorporated into such Member’s liquidity planning."

https://www.dtcc.com/-/media/Files/pdf/2023/6/1/MBS1227-23.pdf This follows up on changes to the reset date and Look-Back Period: What is the Capped Contingency Liquidity Facility (“CCLF®”)? On April 25, 2017, the Commission approved FICC’s adoption of the Clearing Agency Liquidity Risk Management