Introduced by Sens. Lummis (R-WY) and Gillibrand (D-NY), the bill aims to create clarity for regulators and the crypto industry to safeguard investors and consumers.
the Securities and Exchange Commission stated that 20 years after its enactment, it is time to revisit the unfulfilled mandate of Section 307 of the Sarbanes-Oxley Act of 2002 and establish minimum standards for lawyers practicing before the Commission.
This week’s ESG Task Force settlement and the statements made by the Task Force representative show that the SEC is committed to pursuing companies that it believes are deliberately misrepresenting ESG-related information to the public and to investors.
Mr. Gensler reported that the crypto asset class has a $2.6 trillion aggregate market capitalization, making it necessary that this asset class be subject to public policy frameworks that protect investors and financial stability and prevent illicit activity.
The US Securities and Exchange Commission has indicted CanaFarma hemp and its two cofounders with fraudulently raising about $15 million from investors, and misappropriating approximately $4 million of that for personal and nonbusiness purposes.