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\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n

This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Reports suggest Trump\u2019s team is already considering a White House role focused on cryptocurrency regulation, showing alignment with the Association\u2019s proposals. The group believes these changes could drive the U.S. to become a global leader in blockchain innovation.<\/p>\n","post_title":"Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"five-ways-trump-could-transform-crypto-regulation-according-to-blockchain-association","to_ping":"","pinged":"","post_modified":"2024-11-24 23:22:53","post_modified_gmt":"2024-11-24 12:22:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19715,"post_author":"15","post_date":"2024-11-24 22:38:56","post_date_gmt":"2024-11-24 11:38:56","post_content":"\n

President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n

This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

European Policymakers And Banking Regulations<\/h2>\n\n\n\n

European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Establish a Crypto Advisory Council<\/strong>
    Form a dedicated council to work with Congress and regulatory agencies on crypto-related issues.<\/li>\n<\/ul>\n\n\n\n

    Reports suggest Trump\u2019s team is already considering a White House role focused on cryptocurrency regulation, showing alignment with the Association\u2019s proposals. The group believes these changes could drive the U.S. to become a global leader in blockchain innovation.<\/p>\n","post_title":"Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"five-ways-trump-could-transform-crypto-regulation-according-to-blockchain-association","to_ping":"","pinged":"","post_modified":"2024-11-24 23:22:53","post_modified_gmt":"2024-11-24 12:22:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19715,"post_author":"15","post_date":"2024-11-24 22:38:56","post_date_gmt":"2024-11-24 11:38:56","post_content":"\n

    President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n

    This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

    The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

    The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

    Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

    Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

    The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

    The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

    The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

    The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    European Policymakers And Banking Regulations<\/h2>\n\n\n\n

    European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

    Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

    However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

    Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

    The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

    This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

    The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

    SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

    The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

    SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

    This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

    The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

    With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Revamp Treasury and IRS Leadership<\/strong>
    Appoint new leaders to guide tax and financial policies that support blockchain and cryptocurrency growth.<\/li>\n\n\n\n
  • Establish a Crypto Advisory Council<\/strong>
    Form a dedicated council to work with Congress and regulatory agencies on crypto-related issues.<\/li>\n<\/ul>\n\n\n\n

    Reports suggest Trump\u2019s team is already considering a White House role focused on cryptocurrency regulation, showing alignment with the Association\u2019s proposals. The group believes these changes could drive the U.S. to become a global leader in blockchain innovation.<\/p>\n","post_title":"Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"five-ways-trump-could-transform-crypto-regulation-according-to-blockchain-association","to_ping":"","pinged":"","post_modified":"2024-11-24 23:22:53","post_modified_gmt":"2024-11-24 12:22:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19715,"post_author":"15","post_date":"2024-11-24 22:38:56","post_date_gmt":"2024-11-24 11:38:56","post_content":"\n

    President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n

    This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

    The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

    The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

    Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

    Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

    The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

    The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

    The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

    The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    European Policymakers And Banking Regulations<\/h2>\n\n\n\n

    European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

    Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

    However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

    Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

    The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

    This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

    The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

    SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

    The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

    SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

    This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

    The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

    With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Appoint Pro-Crypto Leadership at the SEC<\/strong>
    Replace the current SEC chair and roll back anti-crypto policies like SAB 121.<\/li>\n\n\n\n
  • Revamp Treasury and IRS Leadership<\/strong>
    Appoint new leaders to guide tax and financial policies that support blockchain and cryptocurrency growth.<\/li>\n\n\n\n
  • Establish a Crypto Advisory Council<\/strong>
    Form a dedicated council to work with Congress and regulatory agencies on crypto-related issues.<\/li>\n<\/ul>\n\n\n\n

    Reports suggest Trump\u2019s team is already considering a White House role focused on cryptocurrency regulation, showing alignment with the Association\u2019s proposals. The group believes these changes could drive the U.S. to become a global leader in blockchain innovation.<\/p>\n","post_title":"Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"five-ways-trump-could-transform-crypto-regulation-according-to-blockchain-association","to_ping":"","pinged":"","post_modified":"2024-11-24 23:22:53","post_modified_gmt":"2024-11-24 12:22:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19715,"post_author":"15","post_date":"2024-11-24 22:38:56","post_date_gmt":"2024-11-24 11:38:56","post_content":"\n

    President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n

    This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

    The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

    The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

    Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

    Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

    The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

    The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

    The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

    The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    European Policymakers And Banking Regulations<\/h2>\n\n\n\n

    European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

    Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

    However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

    Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

    The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

    This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

    The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

    SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

    The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

    SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

    This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

    The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

    With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • End Debanking of Crypto Businesses<\/strong>
    Ensure fair access to banking services for companies in the cryptocurrency industry.<\/li>\n\n\n\n
  • Appoint Pro-Crypto Leadership at the SEC<\/strong>
    Replace the current SEC chair and roll back anti-crypto policies like SAB 121.<\/li>\n\n\n\n
  • Revamp Treasury and IRS Leadership<\/strong>
    Appoint new leaders to guide tax and financial policies that support blockchain and cryptocurrency growth.<\/li>\n\n\n\n
  • Establish a Crypto Advisory Council<\/strong>
    Form a dedicated council to work with Congress and regulatory agencies on crypto-related issues.<\/li>\n<\/ul>\n\n\n\n

    Reports suggest Trump\u2019s team is already considering a White House role focused on cryptocurrency regulation, showing alignment with the Association\u2019s proposals. The group believes these changes could drive the U.S. to become a global leader in blockchain innovation.<\/p>\n","post_title":"Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"five-ways-trump-could-transform-crypto-regulation-according-to-blockchain-association","to_ping":"","pinged":"","post_modified":"2024-11-24 23:22:53","post_modified_gmt":"2024-11-24 12:22:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19715,"post_author":"15","post_date":"2024-11-24 22:38:56","post_date_gmt":"2024-11-24 11:38:56","post_content":"\n

    President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n

    This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

    The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

    The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

    Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

    Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

    The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

    The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

    The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

    The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    European Policymakers And Banking Regulations<\/h2>\n\n\n\n

    European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

    Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

    However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

    Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

    The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

    This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

    The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

    SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

    The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

    SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

    This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

    The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

    With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Create a Balanced Regulatory Framework<\/strong>
    Develop clear rules for digital assets that promote innovation while safeguarding consumers, ending the current \"regulation by enforcement\" policy.<\/li>\n\n\n\n
  • End Debanking of Crypto Businesses<\/strong>
    Ensure fair access to banking services for companies in the cryptocurrency industry.<\/li>\n\n\n\n
  • Appoint Pro-Crypto Leadership at the SEC<\/strong>
    Replace the current SEC chair and roll back anti-crypto policies like SAB 121.<\/li>\n\n\n\n
  • Revamp Treasury and IRS Leadership<\/strong>
    Appoint new leaders to guide tax and financial policies that support blockchain and cryptocurrency growth.<\/li>\n\n\n\n
  • Establish a Crypto Advisory Council<\/strong>
    Form a dedicated council to work with Congress and regulatory agencies on crypto-related issues.<\/li>\n<\/ul>\n\n\n\n

    Reports suggest Trump\u2019s team is already considering a White House role focused on cryptocurrency regulation, showing alignment with the Association\u2019s proposals. The group believes these changes could drive the U.S. to become a global leader in blockchain innovation.<\/p>\n","post_title":"Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"five-ways-trump-could-transform-crypto-regulation-according-to-blockchain-association","to_ping":"","pinged":"","post_modified":"2024-11-24 23:22:53","post_modified_gmt":"2024-11-24 12:22:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19722","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19715,"post_author":"15","post_date":"2024-11-24 22:38:56","post_date_gmt":"2024-11-24 11:38:56","post_content":"\n

    President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n

    This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n

    The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n

    The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n

    Trump's Promise To The Crypto Community<\/h2>\n\n\n\n

    Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n

    Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19458,"post_author":"18","post_date":"2024-11-18 02:54:48","post_date_gmt":"2024-11-17 15:54:48","post_content":"\n

    The prospect of Donald Trump returning to the White House is sending shockwaves through the global banking sector, with European lenders bracing for an even steeper climb to match their American counterparts' profitability, Reuters reports.<\/p>\n\n\n\n

    The stark contrast between U.S. and European banking trajectories, already evident since the 2008 financial crisis, looks set to widen further. While European banks have struggled with meager profits and sluggish economic growth, their American rivals have flourished, particularly in investment banking where they've captured significant market share from retreating European institutions.<\/p>\n\n\n\n

    The numbers tell a compelling story: European banking shares have declined 10% since early 2010, while U.S. banks have seen their value more than triple. The European Central Bank reports that eurozone banks' return on equity hovers around 5%, less than half of their U.S. peers' 10%.<\/p>\n\n\n\n

    The market's immediate reaction to Trump's victory was telling. Banking giants JPMorgan<\/a>, Goldman Sachs, and Morgan Stanley saw their shares surge, while the European banking index dipped more than 1% this week.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Wall Street Rises As Key Consumer Confidence Gauge Shows Gains<\/a><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    European Policymakers And Banking Regulations<\/h2>\n\n\n\n

    European policymakers are already preparing for the shifting landscape. In a notable development, Swiss Finance Minister Karin Keller-Sutter and British counterpart Rachel Reeves recently discussed the implications of potential U.S. banking deregulation during bilateral talks.<\/p>\n\n\n\n

    Industry experts anticipate that a Trump administration could significantly reshape the U.S. banking sector. Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, suggests that beyond rolling back parts of the Dodd-Frank law, a less restrictive regulatory environment could spark increased merger and acquisition activity, benefiting U.S. investment banks.<\/p>\n\n\n\n

    However, it's not all doom and gloom for European banks with significant U.S. operations. Filippo Maria Alloatti, Head of Financials Credit at Federated Hermes, points out that institutions like Barclays, Deutsche Bank, and UBS could see \"positive impacts\" from their American exposure.<\/p>\n\n\n\n

    Looking ahead, the global banking landscape appears poised for significant transformation. While U.S. banks may benefit from potential deregulation and tax cuts under a second Trump presidency, European banks might find themselves forced to innovate and adapt to remain competitive. This could catalyze much-needed consolidation in the European banking sector, already evidenced by recent merger discussions between major players like UniCredit and Commerzbank.<\/p>\n\n\n\n

    The coming years may well determine whether European banks can find ways to narrow the profitability gap with their U.S. rivals or if the Atlantic divide in banking performance will continue to widen. As regulatory frameworks diverge further, the challenge for European policymakers will be maintaining financial stability while ensuring their banking sector remains internationally competitive.<\/p>\n\n\n\n

    This will be a crucial test for both European banks and regulators, potentially reshaping the global financial services landscape for decades to come.<\/p>\n","post_title":"Wall Street Set To Soar Under Trump's Return While European Banks Navigate Tough Waters","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-street-set-to-soar-under-trumps-return-while-european-banks-navigate-tough-waters","to_ping":"","pinged":"","post_modified":"2024-11-18 02:54:57","post_modified_gmt":"2024-11-17 15:54:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19458","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

    The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

    SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

    The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

    SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

    This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

    The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

    With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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