archiveRegulation and Deregulation of Industry

Currencies

S.E.C. Investigating Whether Coinbase Misstated Its User Numbers

Not long after President Trump took office, Coinbase, the largest U.S. cryptocurrency exchange, got some good news: The Securities and Exchange Commission was dropping a lawsuit that had accused the company of illegally marketing digital currencies to the public.But that case may not be the end of the company’s legal troubles.The S.E.C. has also been investigating whether Coinbase misstated its user numbers in past disclosures — an inquiry that began during the Biden administration and has continued under Mr. Trump, according to four people familiar with it.The investigation, which has...
USA Property

Real Estate Brokerages Fight Over How Houses for Sale Should Be Listed

A turf war is erupting in the residential real estate industry, with the biggest names — including Compass, Redfin, Zillow and Homes.com — falling into two increasingly stratified camps when it comes to so-called “pocket listings.”Such listings are houses for sale that are shown privately to select groups before going to the general public.Brokerages and real estate portals on one side believe the private listings are beneficial because they offer sellers privacy and control, as well as a chance to test the waters on aspects of a home sale like...
Currencies

Trump Offers a Private Dinner to Top 220 Investors in His Memecoin

The flashy online announcement called it “the most EXCLUSIVE INVITATION in the World,” a chance to have “an intimate private dinner” with President Trump at his members-only golf club in Virginia, followed by a tour of the White House.A seat would be reserved for each of the top 220 investors in $TRUMP, a cryptocurrency that Mr. Trump launched on the eve of his inauguration.In an astonishing escalation of the Trump family’s efforts to profit from crypto, a website promoting $TRUMP, the president’s so-called memecoin, announced on Wednesday that the coin’s...
Currencies

Trump Offers a Private Dinner to Top 220 Investors of His Memecoin

The flashy online announcement called it “the most EXCLUSIVE INVITATION in the World,” a chance to have “an intimate private dinner” with President Trump at his members-only golf club in Virginia, followed by a tour of the White House.A seat would be reserved for each of the top 220 investors in $TRUMP, a cryptocurrency that Mr. Trump launched on the eve of his inauguration.In an astonishing escalation of the Trump family’s efforts to profit from crypto, a website promoting $TRUMP, the president’s so-called memecoin, announced on Wednesday that the coin’s...
Currencies

Trump’s Crypto Venture Introduces a Stablecoin

World Liberty Financial, the cryptocurrency company started by Donald J. Trump and his sons, announced on Tuesday that it was planning to sell a digital currency called a stablecoin, deepening the president’s financial ties to crypto as his administration relaxes enforcement of the industry.The stablecoin would be known as USD1, the company wrote in a social media post, without revealing when it would go on sale. Stablecoins, a popular form of cryptocurrency, are designed to maintain a constant value of $1, making them useful for many types of crypto transactions.“No...