Some are already threatening litigation if one of the new rules goes through.
Citing earlier data showing that inflation has reversed the deceleration in late 2022, Powell warned of tighter monetary policy ahead.
The SEC received a record 15,000 or so comments on the rule, “more than we’ve gotten on any other role in the history of our commission,” he said.
The cryptocurrency struggled to hold the $23,000 level in the previous session as the rally loses momentum.
House Financial Services Chair Maxine Waters tells members there are no current plans to subpoena FTX founder Sam Bankman-Fried for his testimony.
With the GOP projected to win the House, the next likely chairman of the Ways and Means Committee will drop the effort to obtain former President Donald Trump’s tax returns.
U.S. Securities and Exchange Commission Chair Gary Gensler defended the agency’s implementation of the clawback rule as a straightforward directive by Congress.
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