Articles by Douglas Gillison

New SEC Chair Says Crypto Sector Deserves Clear Regulations

The new head of the U.S. Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. “Market participants engaging in this technology deserve clear regulatory rules …

Federal Judge Orders Halt to Trump Administration Efforts to Dismantle CFPB

A U.S. judge has blocked the Trump administration and Elon Musk’s Department of Government Efficiency from pursuing efforts to dismantle the Consumer Financial Protection Bureau, the latest rebuke from the courts in the White House’s efforts to remake the federal …

SEC Beginning to Onboard DOGE Staff, Email Says

The U.S. Securities and Exchange Commission is beginning to onboard officials with billionaire Elon Musk’s Department of Government Efficiency, according to an email sent on Friday to department staff. SEC staff were informed that the DOGE task force had contacted …

Consumer Watchdog Seeks to Vacate Discrimination Case it Already Won

The top U.S. consumer finance agency on Wednesday asked a court to undo an enforcement case which the watchdog had already won last year, accusing prior agency officials of abusing their power as they sought to enforce diversity, equity and …

US SEC Plans to Cut Regional Directors as Agency Preps for DOGE Scrutiny: Sources

The U.S. Securities and Exchange Commission plans to remove the top leaders at regional offices across the country as part of its cost-cutting recommendations to the Trump administration, according to two sources familiar with the matter. The SEC on Friday …

Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo

At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question its existence was good news for the industry. Dimon told …

Consumer Finance Watchdog Chief Tells all Staff to Cease Work

President Donald Trump’s newly installed chief of the U.S. Consumer Financial Protection Bureau told all of the agency’s staff on Monday to stay away from the office and do no work, according to an email reviewed by Reuters. The move …

SEC Starts Shifting Agency’s Focus as Job Cut Threat Spooks Staff

A day after the Trump administration sent a missive to all federal employees inviting them to resign, the U.S. Securities and Exchange Commission’s acting boss, Mark Uyeda, addressed staff in a packed auditorium at its Washington headquarters. In his opening …

US Congress to Form Cryptocurrency Working Group

U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers of congress would form a working group to develop policy favoring development of digital assets. New legislation will deliver “clarity …

FBI Arrests Man Over SEC Hack, Alleging Bitcoin Manipulation

A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said. In January, a hacker posted false news …