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GOP challenges SEC chief’s bid to regulate cryptocurrency
Rep. Patrick McHenry, R-N.C., argues that Gensler’s appeal to Congress for jurisdiction over cryptocurrency regulation is a 'power grab.'
Senate vote gives advocates for real estate tax break hope of protecting it
Lawmakers could decide to limit like-kind property exchanges as a way to pay for Biden administration spending priorities.
Flood of Bitcoin ETF filings but cooling demand for funds
Digital asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018.
Hackers return funds from likely record crypto attack
After stealing $610 million from a DeFi protocol that lets users swap crypto tokens, the online thieves pledged to give back the money. So far, they've returned about $258 million.
MassMutual indie broker-dealer to offer Bitcoin fund to clients
MML Investors Services has entered into a placement agent agreement with NYDIG, a provider of technology and investment solutions that focuses on Bitcoin.
Finra targets options trading in latest exam sweep
The regulator is probing how brokerages approve and monitor options trading for customers and is requesting information pertaining to self-directed accounts and accounts in which a registered representative made recommendations.
Gensler seeks Warren’s help in crypto exchange crackdown
The SEC chairman tells Sen. Warren that lawmakers should give watchdogs clear powers to write rules for exchanges, including DeFi trading venues.
Digital asset proposal puts spotlight on crypto taxes
The provision, tucked inside a massive infrastructure bill, would require tax reporting for transactions similar to securities. The measure seeks to ensure that details about digital transactions — such as purchase price, gains and losses — are reported to the IRS.
F.L. Putnam acquires Atrato Advisors
The purchase of the investment boutique will provide the RIA with expertise in alternatives.
Congress should expand SEC oversight of crypto’s ‘Wild West’: Gensler
The Securities and Exchange Commission chairman called on lawmakers to expand the agency's investor protection mandate to include crypto trading and decentralized finance. Cryptocurrency assets are worth roughly $1.6 trillion.
Cryptoasset platform Onramp Invest raises $6 million
The San Diego tech firm will use the funds to expand its offerings to RIAs and explore registering as a broker-dealer.
Bill mandating SEC test for accredited investors draws criticism
Legislation by Rep. Patrick McHenry, R-N.C., would allow anyone who passes the agency's exam to purchase unregistered securities, but credentialing groups are concerned about the mechanism for becoming a sophisticated investor.
Alternative investments platform iCapital lands $440 million in fresh funding
Assets serviced by iCapital have exploded to $80 billion across more than 780 funds to date, up from $46 billion in March 2020.
Alternative investment sales skyrocket in 2021
Sales of such alternative investments are so strong, they have already surpassed last year's total of close to $27 billion, and are tracking to nearly double that amount by year end.
Bitcoin nears $40,000 as shorts fuel rally on Amazon speculation
The cryptocurrency's gains were sparked by speculation that Amazon might eventually accept Bitcoin as a method of payment.
Cashing in on the collectibles craze
Baseball cards, wine, even dinosaur bones can help diversify a portfolio, as demand for the items surged during the pandemic.
How to be good at collectibles
Some of the keys to successful card investing include buying rare, good condition cards of established players, said Bart Brewer, an adviser at Global Financial Advisory Services.
Goldman spinoff Simon Markets raises $100 million in latest funding round
The financial technology platform, which provides financial advisers with access to alternative investments, saw its valuation top $800 million with the funding round led by WestCap.
New ETF leverages crypto miners and ESG
The actively managed ETF offers the narrowest of investment themes: a leveraged play on Bitcoin with the added twist of being easy on the planet.
Inside Vestwell’s $70M funding and retirement deal with Morgan Stanley
The latest cash influx adds to more than $42 million in prior funding rounds and seed capital. Vestwell will also be a retirement plan record keeper available through Morgan Stanley’s workplace business.
