Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
Category: Regulation and Deregulation of Industry
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Wall Street Is Getting Antsy With Trump
The contrasting reactions between the overflow and V.I.P. areas at a Trump event encapsulated the finance world’s worries about the new administration’s first month.
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FDA Staffed Up to Review AI and Food Safety. Those Hires Are Now Gone.
Teams evaluating high-tech surgical robots and insulin-delivery systems were gutted by Trump layoffs even though industry fees, not taxpayers, financed the employee salaries.
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Coinbase Says S.E.C. Will Drop Crypto Lawsuit
The end of a court fight with the largest U.S. crypto company would be a big win for an industry that financially backed President Trump.
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Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.
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Senate Confirms Howard Lutnick as Commerce Secretary
A longtime Wall Street executive, Mr. Lutnick will take on a broad portfolio that includes defending U.S. business interests and overseeing restrictions on technology exports.
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California’s Push for Electric Trucks Sputters Under Trump
The state will no longer require some truckers to shift away from diesel semis but hopes that subsidies can keep dreams of pollution-free big rigs alive.
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How Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC
The furious pace of deregulation is gutting agencies intended to protect ordinary Americans, consumer advocates say. But business groups have long favored regulatory relief.