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#sec

2 posts2 participants0 posts today
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⚯ Michel de Cryptadamus ⚯

hope people realize that #ICE, the federal law enforcement agency comprised mostly of people who failed out of becoming police or other law enforcement, now has a budget that is ~50% bigger than all the rest of federal law enforcement (#FBI, Bureau of Prisons, #DEA, Marshals, #ATF, #SEC, #IRS, etc) put together.

the unaccountable guys in the masks who abduct people off the street are now probably the best funded law enforcement agency in the history of the world, maybe other than China's internal police.

#deportation#Tomhoman#uspol
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⚯ Michel de Cryptadamus ⚯

why bother complying with all the onerous rules that regulate the selling of securities to the public when you can just sell them “tokens” instead?

SpaceX and OpenAI are privately held companies that have disclosed virtually nothing about their businesses to the public (which they would be required to do before selling "shares" instead of "tokens" to mere mortals).

you’re looking at the death of 100 years of more or less successful financial regulation. all the rules put into place after the great depression are pretty much kaput.

#SEC#CFTC#regulation
Continued thread
Nonilex

But #Trump & key players in his admin have taken a view that these agencies should be under direct supervision of the WH & Trump has fired officials who say they are legally shielded from dismissal in most cases.

Amanda Fischer, policy director and chief operating officer at #financial reform advocacy group Better Markets, said any #DOGE involvement in #SEC rulemaking raises serious concerns about potential #ConflictsOfInterest & #political #influence overriding staff expertise.

#law#fraud
Continued thread
Nonilex

…To be sure, the #SEC is led by a presidentially appointed chairman who guides the agency's #regulatory agenda, making it rare for the agency to depart drastically from White House priorities….

But the SEC, like other #financial regulators, has long been treated as #independent from the WH — both through #legal protections & decades of norms…. The agency has traditionally limited communications w/the WH over rules to avoid political interference, or the appearance of it.

#law#fraud#Trump
Continued thread
Nonilex

But sources… said #DOGE's involvement in crafting new #policy has rankled some #SEC officials, raising concerns over whether a #Trump initiative should be involved in the core work of an agency long seen as #independent.

Under the #Biden admin, the SEC adopted the #SPAC & private funds #regulations to protect investors from potentially unscrupulous claims by investment promoters & prevent the unchecked buildup of risks to financial stability in the private funds sector.

#law#fraud
Continued thread
Nonilex

The efforts, which have not been previously reported, are part of a broader #deregulatory push by the #Trump admin, which has said it wants to spur economic *growth* [#fraud] by slashing government #oversight.

In a February executive order, Trump directed #DOGE officials at #FederalAgencies to identify #regulations the admin may seek to eliminate for any of a range of different reasons, such as imposing "undue burdens" or costs on businesses.

#law#SEC
Continued thread
Nonilex

#DOGE officials at the #SEC, who have so far focused on cutting costs, have in recent weeks sought meetings with staff to explore relaxing what some companies have described as burdensome & unnecessary #regulations, including reworking #Biden-era rules adopted last year on so-called Special Purpose Acquisition Companies, #SPAC, & requirements that private investment advisers confidentially disclose more data so regulators can better spot systemic risk….

#law#fraud#Trump
Nonilex

The #NipponSteel acquisition of #USSteel closed, with big role for #Trump

#profiteering #Emoluments #law #securities #SEC #ImpeachTrump

Nippon Steel's $14.9 billion acquisition of US Steel closed on Wed, the companies said, confirming an unusual degree of #power for the Trump admin after the Japanese company's 18-month struggle to close the purchase.

Under the deal terms, Nippon bought 100% of US Steel shares at $55 per share, as it first laid out in its Dec 2023….

reuters.com/sustainability/boa

devplus

Trump Media Secures SEC Approval For $2.3B Bitcoin Treasury Deal cryptonews24.eu/2025/06/bitcoi
Trump Media—the parent company of Truth Social and significantly controlled by the family of U.S. President Donald Trump—filed a final prospectus with the SEC after receiving the green light. #Trump #SEC #Bitcoin

Cryptonews24 · Trump Media Secures SEC Approval For $2.3B Bitcoin Treasury DealKosta Gushterov Sun, 15 Jun 2025 04:01:55 +0000 Bitcoin
Wendy Siegelman

American financier Don Wilson invested $100 million in Trump family bitcoin project, Trump Media & Technology Group, through his company DRW Investments - just nine weeks after an SEC probe into his crypto business Cumberland was dropped by the Trump administration

#TrumpMedia #TMTG #DonWilson #DRWInvestments #Cumberland #SEC

ft.com/content/548161ee-0cfb-4

Financial Times · US tycoon pours $100mn into Trump crypto project after SEC reprieveBy Harriet Agnew
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