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Another Court Finds SEC Acted ‘Arbitrarily and Capriciously’


The United States Court of Appeals for the Fifth Circuit has found that the U.S. Securities and Exchange Commission (SEC) acted “arbitrarily and capriciously” in a case involving the stock buyback disclosure rule. “Another day and another court finds that the SEC again acted...

GameStop Keeps Finding New Ways To Rip People Off


Things have been bad at retail chain GameStop for a while now but somehow they’re about to get even worse. Employee benefits are on the chopping block heading into next year as the gaming retailer doubles-down on cost-cutting despite holding $1 billion in cash reserves thanks to its earlier meme...

Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner


America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock in a new publicly traded mining entity. New York...

Kraken to Release User Data to IRS in Compliance with June Court Mandate


Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...

Biggest Movers: DOGE, MATIC Rally to 2-Month Highs on Monday


Dogecoin rose by over 10% to start the week, as sentiment in cryptocurrency markets remained mostly bullish. The global market cap for crypto is up by 2.34% at the time of writing, which comes as a red wave swept through global stock indices. Polygon was another notable gainer on Monday. Dogecoin...

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