Trump Administration's Enforcement Changes on Corporate Investigations

The Trump administration is being accused of going soft on corporations accused of breaking the law by pausing or dropping investigations, aligning the federal government with Trump's priorities, which includes dismissing cases against companies accused of wrongdoing.

Justin Sun's Legal Troubles and Involvement in the World Liberty Financial Crypto Scheme

Chinese crypto entrepreneur Justin Sun's legal troubles seem to be fading away as a federal judge has granted him a stay in the SEC's investigation. Sun, known for buying a $6.2 million banana duct-taped to a wall, was charged with manipulating the market and using his companies to wash trade securities. He also paid for celebrity endorsements without disclosure. The SEC charged eight celebrities in the scheme, including Lindsay Lohan, Jake Paul, Soulja Boy, and Lil Yachty. Sun invested $30 million in the President's World Liberty Financial (WLF) crypto scheme, leading to a big payout for Trump. Several celebrities agreed to settle with the SEC. Sun praised Trump for his success in cryptocurrency. The SEC and Sun's lawyers requested a stay in the case, which was granted by the Judge.

Rollback of Biden-era Climate Rule by U.S. Securities and Exchange Commission

Energy Secretary Chris Wright discusses top priorities under President Trump, praising the decision to roll back a Biden-era climate rule by the U.S. Securities and Exchange Commission. Former state attorneys general and current officials express relief over the move, citing concerns about federal overreach and financial burdens on companies.

SEC Lawyers Need Permission for Probes Under New Leadership

Lawyers at the SEC now need permission from politically appointed leadership before launching probes, potentially slowing down investigations. The change is under new leadership since President Trump took office, with only three commissioners currently overseeing the agency. Proponents argue it protects individuals subject to investigations, while others say it reduces staff autonomy.

Bitcoin Surpasses $100,000 Mark

Bitcoin surpassed the $100,000 mark for the first time ever, driven by positive news such as Trump's nomination of Paul Atkins as SEC chair and institutional interest in the cryptocurrency. The future looks promising for bitcoin with potential pro-crypto initiatives on the horizon.

College Football Playoff shake-up

The College Football Playoff landscape was shaken up with several top teams losing. Oregon is the only lock for the playoffs. Winners include Arizona State, Tennessee, Florida, Notre Dame, and Nebraska. Losers include Ole Miss, Rutgers, North Carolina, and teams in the SEC.

Resignation of SEC Chairman Gary Gensler

SEC chairman Gary Gensler will resign in January, potentially allowing President-elect Donald Trump to appoint a pro-crypto, anti-climate-change-policy chairman. Gensler faced controversy over pushing climate change policies and targeting cryptocurrency companies. The SEC proposed climate change disclosure rule would require extensive reporting on climate-related costs and risks by public companies.

Online Brokerage Service Disruptions

Online brokerages like Charles Schwab and Vanguard experienced service disruptions, frustrating investors on a day of market volatility and recession fears. The SEC is monitoring the situation.

Misuse of Company Funds by IRL Founder and Wife

The founder of social media app IRL and his wife used company funds for personal expenses like their wedding and luxury holidays, leading to a lawsuit by the SEC for fraud.

Texas Longhorns Joining SEC and 'Horns Down' Taunt

The Texas Longhorns are set to compete in the SEC for the first time, potentially leading to the 'Horns Down' taunt being used against them. The SEC Commissioner did not confirm if 'Horns Down' will be penalized.

U.S. Supreme Court ruling on SEC and jury trials for securities fraud cases

U.S. Supreme Court rules that SEC must bring cases for securities fraud to federal court for a jury trial, invalidating its own in-house proceedings. Justice Sotomayor dissents, warning about the threat to separation of powers. Legal experts discuss the implications for administrative agency tribunals.

Trump Media Stock Price Plunge

Trump Media's stock price plunged by more than 17% in after-hours trading after the SEC declared registration of additional shares effective. The company anticipates raising up to $247 million in proceeds if all warrants are exercised. CEO Devin Nunes expects to pursue TV streaming and potential mergers with the funds.

Cryptocurrency Regulation in Congress

House Majority Whip Tom Emmer discusses the battle between pro-crypto lawmakers and 'dinosaurs' in Congress and 'kleptomaniac bureaucrats' like SEC Chairman Gary Gensler. Legislation like the FIT for the 21st Century Act aims to protect consumers and clarify regulatory oversight on cryptocurrencies.

SEC Charges Auditing Firm for Trump Media with 'Massive Fraud'

The auditing firm for Trump Media and the auditor's owner were charged with 'massive fraud' by the SEC for accounting work that affected more than 1,500 SEC filings. The auditor, BF Borgers CPA, and its owner, Benjamin Borgers, agreed to be permanently suspended and pay $14 million in civil penalties.

Supreme Court rejects Elon Musk's challenge to SEC agreement

The Supreme Court rejected Elon Musk's attempt to challenge the SEC agreement requiring a lawyer to review some of his social media posts. Musk complained that the SEC imposed unconstitutional limits on his speech, but lower courts upheld the agreement.

Elon Musk's Legal Battle with SEC over Social Media Posts

Elon Musk's attempt to challenge SEC agreement terms rejected by Supreme Court, Musk's lawyers claim his speech limits are unconstitutional, but lower courts side with SEC

SEC Lawsuit for Data Collection

The New Civil Liberties Alliance (NCLA) filed a lawsuit against the Securities and Exchange Commission (SEC) for illegally collecting mass amounts of personally identifiable data of investors in the U.S. stock market through the 'Consolidated Audit Trail' (CAT) program without Congressional authorization, putting Americans' financial data at risk.

Dawn Staley Leads South Carolina to National Championship

Former WNBA player Dawn Staley leads South Carolina to their third national championship, inspiring Texas football coach Steve Sarkisian. Sarkisian aims to replicate Staley's success in the Southeastern Conference.

SEC Rule on Carbon Emissions Disclosure

The SEC temporarily suspends a rule requiring private companies to disclose carbon emissions data after facing lawsuits. GOP attorneys general and business groups challenged the rule, claiming it would cost millions. The rule is part of President Biden's green agenda and aims to influence investments based on climate change theories. The SEC voluntarily suspended the rule while litigation continues.

Allegations of Game Fixing in College Football

Former college football quarterback claims he was approached by a mobster to fix games during his time in the sport. The SEC and Vanderbilt did not immediately respond to the claims.