Bitcoin

SEC Rescinds Controversial Crypto Accounting Rule, Marking a Major Win for the Industry

The U.S. Securities and Exchange Commission (SEC) announced Thursday that it had rescinded accounting guidance long criticized by the cryptocurrency industry. The move signals an early shift under President Donald Trump’s administration to roll back key regulatory measures enacted during...
Bill Hwang Faces 21-Year Prison Recommendation for Market Manipulation Scheme

Bill Hwang Faces 21-Year Prison Recommendation for Market Manipulation Scheme

Federal prosecutors are seeking a 21-year prison sentence for Bill Hwang, the founder of Archegos Capital Management, after his conviction in July on charges of orchestrating a massive market manipulation scheme. The collapse of Hwang's firm in March 2021 erased...