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Transcripts For BBCNEWS World 20240705

our business correspondent in new york, is erin delmore. if you re in the crypto world or curious about getting into it, then a spot bitcoin etf has been on your radar. it allows people to bet on bitcoin s gains and losses, even if they do not own bitcoin themselves. us regulators are widely expected to approve the new exchange traded funds this week. so, when a tweet was posted from the sec gov account, saying essentially that, it was noteworthy. it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and the regulator had not yet approved the listing in trading of spot bitcoin exchange traded products. the erroneous tweet also included graphic with a quote from chair gensler, a second tweet that also said $ btc . bitcoin s ticker symbol was also posted but was then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news and fell back down to $45

Transcripts For BBCNEWS Asia 20240705

the new exchange traded funds this week. so when a tweet was posted from the sec gov account saying essentially that it was noteworthy, it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and that the regulator had not yet approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a graphic with a quote claiming to be from chair gensler. a second tweet that only said dollar sign btc bitcoin s ticker symbol, was also posted, then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news, then fell back down toward 16,000 with reality. tesla has lowered driving range estimates across its line up of electric vehicles. it comes as a new regulation takes effect in the us with the goal of ensuring that auto makers accurately reflect real world performance. according to a reuters investigation last year,

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United States - Securities - Government & Regulatory Litigation Update

In March, the U.S. Securities and Exchange Commission (SEC) settled a pair of enforcement actions against investment advisory firms that the SEC says misled investors about their use of artificial intelligence (AI).