SEC’s

SEC’s Enforcement Chief Exits as Ripple Appeal Looms

SEC’s Enforcement Chief Exits as Ripple Appeal Looms

The U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, Gurbir Grewal, has announced his resignation, effective October 11, 2024. His sudden exit comes at a critical moment for the regulator, as it is filing an appeal in its high-profile case against Ripple. Grewal Leaving as SEC Appeals Ripple Decision The departure was announced in […]

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GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule

GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule

Source: iStock The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules. In a report titled “Securities and Exchange Commission—Applicability of the Congressional Review Act to Staff

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