Securities and Exchange Commission

Uber COO Andrew Macdonald suggests that while AI could potentially reduce roles in functions like customer support or analytics, the company may ultimately require more employees to seize new opportunities enabled by AI. He stated he is 'tempted to say' Uber will have fewer people in five years compared to current operations, but also suggested new activities might necessitate growth. The article noted that despite recent layoffs and Macdonald's predictions, Uber's overall headcount increased 54.4% over the last five years.

A stockholder sued Nvidia's board and CEO, alleging they allowed the use of stolen copyrighted materials to train AI models, leading to legal and financial consequences. The plaintiff claims the company's datasets included pirated books, videos, and speech recordings, and that misleading disclosures inflated the stock price before it declined due to lawsuits.

Bitcoin Magazine Strategy sold 1,638 BTC ($104.7 million) to fund preferred stock dividends and buybacks, continuing a pattern of Bitcoin sales for cash management. The company also sold 3.01 million MSTR shares ($290.6 million) and maintains a Bitcoin treasury of 842,138 coins valued at $54 billion.

Bill Pulte is ending his two-month tenure as acting director of national intelligence and handing over to Jay Clayton, Trump's pick confirmed by the Senate. Pulte, the housing regulator, faced criticism for lacking security credentials, while Clayton's confirmation was contentious due to his refusal to acknowledge Biden's 2020 election victory.

Banco Santander, Spain’s largest bank, invested $4.3 million in Bitcoin via BlackRock’s iShares Bitcoin Trust. The bank’s digital arm, Openbank, has also enabled customers to purchase cryptocurrencies, reflecting a broader institutional shift toward crypto exposure through ETFs.

The U.S. Senate confirmed Jay Clayton as Director of National Intelligence with a 51-47 vote. Clayton has held three Senate-confirmed roles across two Trump administrations and previously led the Securities and Exchange Commission. Concerns were raised about politicizing intelligence agencies after Clayton refused to acknowledge the 2020 election results during his confirmation hearing.

The U.S. Senate confirmed Jay Clayton as Director of National Intelligence with a 51-47 vote. Clayton previously served as U.S. Attorney for the Southern District of New York and led the Securities and Exchange Commission during President Donald Trump’s first term. His confirmation hearing raised concerns about politicization of intelligence agencies after he refused to acknowledge the 2020 election winner.

The U.S. Senate confirmed Jay Clayton as Director of National Intelligence with a 51-47 vote. Clayton, who previously served as U.S. Attorney for the Southern District of New York and led the SEC under President Trump, faces concerns over politicizing intelligence agencies after refusing to acknowledge the 2020 election results during his confirmation hearing. His confirmation may enable reauthorization of the Foreign Intelligence Surveillance Act.

A shareholder of Illinois-based Hub Group Inc. filed a derivative suit alleging the company made false and misleading SEC filings, leading to stock price declines. The lawsuit accuses the company and its board of mismanaging financial reporting, including improper revenue recognition and understated costs, with additional legal action already underway.

The Senate confirmed Jay Clayton as director of national intelligence in a 51-47 party-line vote, which may revive a stalled battle over renewing warrantless spy powers. Clayton is a U.S. attorney who served as chair of the Securities and Exchange Commission under the first Trump administration.

The Senate confirmed Jay Clayton as Director of National Intelligence with a 51-47 vote. The confirmation followed weeks of delay that allowed Bill Pulte to serve temporarily, amid concerns over Pulte's lack of intelligence experience and his actions, including releasing classified documents and reducing staff. Democrats also criticized Clayton for refusing to state outright that former President Joe Biden won the 2020 election.

SEC Chairman Paul Atkins expressed commitment to supporting the Crypto Clarity Act, a bipartisan bill aimed at creating a regulatory framework for cryptocurrency markets. The bill faces delays due to concerns from Democrats and banking lobbyists, but an updated version addressing ethics issues has been introduced.

Peter Cancro borrowed $125,000 at age 17 to buy a small sandwich shop that later became Jersey Mike’s, a national chain with 4,000 locations. With help from his high school football coach, who provided the loan, Cancro transformed the business into a franchise worth $8 billion ahead of its IPO, making him a billionaire.

IBM's earnings miss may prompt the Trump administration to reconsider quarterly financial reporting requirements, which IBM Vice Chair Gary Cohn called 'outdated.' The SEC proposed allowing companies to report financials twice yearly, mirroring European practices, as IBM reported delayed contract signings affecting its Q3 report.

Coinbase settled a FOIA lawsuit with the SEC, which admitted destroying nearly a year of texts from former Chair Gary Gensler during a critical period in crypto regulation. The SEC agreed to pay $150,000 and improve record-retention policies. Coinbase argued the agency violated its own rules by failing to preserve communications related to crypto enforcement actions.

The Senate Intelligence Committee advanced Jay Clayton's nomination to lead U.S. intelligence agencies along party lines with a 9-8 vote. Democrats initially showed support but shifted after Clayton refused to acknowledge Joe Biden's 2020 election victory, leading to all Democratic committee members voting against him. The nomination now moves to a potential floor vote.

Strive (ASST) purchased 21 bitcoin at an average price of $63,221 per coin, increasing its treasury holdings to 19,921 BTC. The company's cash reserves rose to $157.4 million, and CEO Matthew Cole emphasized continued bitcoin accumulation through perpetual preferred equity.

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) share oversight of crypto assets. The SEC regulates crypto assets that function as company investments, while the CFTC oversees assets classified as commodities and related derivatives.

Nigeria and other African countries risk losing access to global investment unless companies strengthen Environmental, Social, and Governance (ESG) disclosures, according to a warning from the Director-General of the Securities and Exchange Commission (SEC). The SEC highlighted the potential financial consequences of inadequate ESG transparency.

President Donald Trump's nominee for Director of National Intelligence, Jay Clayton, emphasized his national security experience during Senate testimony, while Democrats questioned him about election interference and the 2020 election certification. Clayton avoided confirming Joe Biden won the 2020 election but acknowledged it was certified, as bipartisan support for his nomination remains uncertain.

Holtec International, a nuclear energy company based in Florida, filed with the SEC to sell shares on Nasdaq as part of its initial public offering. The firm is investing in 300-megawatt small modular reactors, positioning them as the future of atomic energy.

The SEC's proposal to allow public companies to report financial results twice a year instead of quarterly caused confusion due to a typo in the email address listed for public comments. The agency listed '[email protected]' in the proposal but has historically used '[email protected]' (with an 's') for other rules. Better Markets, an investor advocacy group, argued the error may have prevented some from submitting feedback, while the SEC claims both addresses are valid.

Strive (ASST) purchased 18 bitcoin at an average price of $64,028, increasing its treasury to 19,900 BTC. The company reported $154.1 million in cash and cash equivalents as of July 10, 2025, with ongoing efforts to accumulate bitcoin through strategic purchases.

The article highlights the U.S. economy's dangerous reliance on China, particularly in critical sectors like defense, healthcare, and technology. It urges the Securities and Exchange Commission to require companies to disclose supply chain risks from China, citing vulnerabilities such as China's control over rare earth elements and pharmaceutical ingredients.

Hyperliquid Policy Center and Phantom are urging the CFTC to stop treating onchain protocols like traditional brokers and exchanges. The CFTC and SEC issued a Request for Information in mid-June on financial innovation.

A judge approved Elon Musk's SEC settlement, though the court raised concerns about it. The SEC alleged in a 2025 lawsuit that Musk delayed disclosing his acquisition of a 5% ownership stake in Twitter.

Cantor SPAC and Adam Back’s Bitcoin Treasury have agreed to renegotiate their merger terms, abandoning the original July 2025 agreement. The revised structure aims to align with current market conditions, with a postponed shareholder meeting and returned public shares. The original deal aimed to take Bitcoin Standard Treasury public with 30,021 bitcoin, valued over $3 billion, but faces challenges due to a slump in the bitcoin treasury model.

Kraken's parent company Payward seeks a final judgment against former auditor Mazars USA after a $22 million arbitration award. The dispute began when Mazars withdrew from Kraken's 2022 audit, leading to significant financial costs. Kraken is pursuing a European banking license amid broader regulatory challenges, including those under Operation Chokepoint 2.0.

President Trump indicated openness to including Bitcoin in Trump Accounts, a new savings program, and described himself as 'a big fan of crypto.' He emphasized the strategic importance of the U.S. leading in cryptocurrency to counter China and highlighted Bitcoin's growing influence and appeal.

An investor filed a federal class action accusing Citadel Securities and Virtu Americas of manipulating Genius stock through spoofing, a tactic involving fake orders to distort price volatility. Genius, a Singapore-based education tech company, plans to join the lawsuit, citing $250 million in alleged damages from the scheme.

Guo Wengui, also known as Miles Guo, was sentenced to 30 years in prison for fraud and conspiracy after defrauding supporters of $1 billion through his businesses, including GTV. He was convicted on nine counts and faced testimony from investors who claimed financial losses, while his legal team argued his wealth was a statement against the Chinese Communist Party.

Galaxy Research has lowered the CLARITY Act's chances of becoming law in 2026 to 50-50 due to a tight Senate schedule and lack of progress on merging bill texts or scheduling a vote. The act, which aims to establish a regulatory framework for digital assets, passed the Senate Banking Committee but remains stalled on the legislative calendar.

The Securities and Exchange Commission has warned investors against participating in a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE, stating no application for such an offering has been received or approved. The warning aims to prevent investors from being misled by unauthorized public offerings linked to the company.

Congress has scheduled a hearing for the Digital Asset Market Clarity Act (H.R. 3633) on July 17 in New York. The bill aims to establish a regulatory framework by assigning the CFTC authority over Bitcoin spot markets and the SEC over investment contracts. It has gained momentum in Congress with bipartisan support but faces challenges in reconciling Senate and House versions.

Franklin Templeton has filed with the SEC to launch two ETFs that reinvest corporate dividends into bitcoin, allocating 95% to U.S. large-cap equities and 5% to bitcoin. The funds, named Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, aim to automate bitcoin accumulation through dividend-linked instruments.

OpenAI is preparing for an IPO despite CEO Sam Altman's lack of enthusiasm for leading a public company. The company filed preliminary paperwork with the SEC in December 2025, joining other AI firms like Anthropic in a competitive IPO race. OpenAI recently restructured into a for-profit entity, reducing Microsoft's stake to 27% while securing greater flexibility for partnerships.

US President Donald Trump suspended a Senate hearing on Jay Clayton’s nomination for intelligence chief to ensure Clayton’s current prosecutor role would be filled by a chosen replacement. Clayton, who led the Securities and Exchange Commission during Trump’s first term, is being nominated as director of national intelligence.

President Trump has nominated Jay Clayton, former Securities and Exchange Commission chairman, to be the next director of national intelligence. The nomination was reported by CBS News' Olivia Gazis.

President Trump has nominated Jay Clayton, the top prosecutor in the Southern District of New York, to lead the national intelligence agency. Jay Clayton has also served as chairman of the Securities and Exchange Commission.

President Trump is nominating Jay Clayton, former Securities and Exchange Commission Chairman, for the role of director of national intelligence. The nomination is reported by CBS News congressional correspondent Nikole Killion.