Latest news with #Paul S. Atkins
Finextra
7 days ago
- Business
- Finextra
SEC launches AI task force
The US Securities and Exchange Commission has launched an AI task force to spearhead the agency's efforts to embed artificial intelligence into its operations. 0 To oversee the initiative, the watchdog has appointed Valerie Szczepanik, the former head of the SEC's Strategic Hub for Innovation and Financial Technology, as it first chief AI Officer. As head of the task force, she will be charged with centralising the agency's efforts and enabling internal cross-agency and cross-disciplinary collaboration to navigate the AI lifecycle, remove barriers to progress and maintain governance. 'The AI Task Force will empower staff across the SEC with AI-enabled tools and systems to responsibly augment the staff's capacity, accelerate innovation, and enhance efficiency and accuracy,' says SEC Chairman Paul S. Atkins. 'By ingraining innovation into our culture SEC-wide, we will further our mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.'
Yahoo
31-07-2025
- Business
- Yahoo
New SEC rule lets investors redeem Bitcoin, Ethereum directly from ETFs
New SEC rule lets investors redeem Bitcoin, Ethereum directly from ETFs originally appeared on TheStreet. The U.S. Securities and Exchange Commission (SEC) has officially approved in-kind creation and redemption processes for all spot Bitcoin and Ethereum exchange-traded funds (ETFs). The move, announced on July 29, allows authorized participants — typically large financial institutions — to directly exchange ETF shares for BTC or ETH, rather than having to convert back and forth into cash. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA The result is a faster, more cost-efficient system, especially for institutional investors seeking arbitrage opportunities or real-time market exposure.'It's a new day at the SEC,' said SEC Chairman Paul S. Atkins. 'A key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets. I am pleased the Commission approved these orders permitting in-kind creations and redemptions for a host of crypto asset ETPs. Investors will benefit from these approvals, as they will make these products less costly and more efficient." This marks the first major crypto-friendly policy shift under Atkins. Until now, all spot crypto ETFs approved by the SEC, beginning in January 2024, were limited to cash-based transactions, which often introduced inefficiencies. The Commission also greenlit options-related enhancements, including increased position limits on certain Bitcoin ETFs, mixed BTC-ETH fund proposals, and more flexibility in the trading of flexible exchange (FLEX) to Jamie Selway, Director of the Division of Trading and Markets, 'In-kind creation and redemption provide flexibility and cost savings to ETP issuers, authorized participants, and investors, resulting in a more efficient market.' New SEC rule lets investors redeem Bitcoin, Ethereum directly from ETFs first appeared on TheStreet on Jul 29, 2025 This story was originally reported by TheStreet on Jul 29, 2025, where it first appeared.
New York Times
19-07-2025
- Business
- New York Times
Wall Street Wants to Make Private Markets a Little More Public
There's a new darling on Wall Street: private markets. Because that's where the party is now. Companies are staying private for longer — the number of publicly traded companies has dropped by nearly half over the past three decades, with nearly 1,500 start-ups worldwide currently boasting a valuation of $1 billion or more — and, according to the global consultancy Bain & Company, private market assets have more than tripled since 2013. The firm expects them to grow twice as fast as public assets in the future, reaching $62 trillion globally by 2034. Historically, private equity investments were accessible only to wealthy and experienced investors. But in recent years, interest has soared among the retail class. Fund managers, brokerage houses and savvy start-ups are racing to build new products that expand access to all, and the newly appointed chairman of the Securities and Exchange Commission, Paul S. Atkins, has signaled he supports the goal. 'This is just the beginning,' said the senior vice president of Robinhood Crypto, Johann Kerbrat, who is leading Robinhood's efforts to make private equity tradable on its platform. Washington appears to be on board. Investments in private companies have typically been reserved for 'accredited investors' — people that earn more than $200,000 a year or have a net worth of at least $1 million. The requirement is meant to protect everyday investors from high-risk investments 'There's not a lot of clarity, you can't get your money out, and you might lose all your money,' said Jonathan Foster, the C.E.O. at Angeles Wealth Management. Want all of The Times? Subscribe.
