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Under President Trump, the National Labor Relations Board told its employees that tight budgets will require cuts to compensation and even downsizing, an agency union said. So it came as a surprise when the union learned the board wants to pay subcontractors to do work that employees traditionally…
Female cabin crew at Virgin Atlantic can now follow the same rule as their male counterparts: If they don’t want to wear makeup, they don’t have to. The airline says makeup is now optional, but female flight attendants are welcome to choose from the “existing palette of makeup set out…
Self-declared interim president of Venezuela Juan Guaido has refused to rule out accepting US military support amid the escalating political crisis, saying that the Venezuelan people want to end President Nicolas Maduro’s dictatorship with “whatever pressure is necessary.”
CNN.com – RSS Channel – Regions – Americas
The U.S. Education Department said it will forgive $ 150 million in federal student loans under an Obama-era rule that Secretary Betsy DeVos, President Trump’s pick, had tried to block.
Department officials began notifying 15,000 students Friday that their loans will automatically be erased because…
Chris Pratt and Anna Faris are split, but won’t be living too far from each other — it’s part of their divorce settlement … TMZ has learned. As we told you, Chris and Anna hammered out their divorce with the help of a private judge … who just…
Joe Theismann says the NFL should straight-up just take the pads off QBs now … ’cause the league’s new roughing-the-passer penalty “has reached the point of absurdity.” The ex-Redskins quarterback watched guys like Clay Matthews get flagged for…
Women who visit inmates at Virginia prisons will be barred from wearing tampons or menstrual cups under a new policy stemming from concerns about contraband, the state Department of Corrections said Monday. A spokeswoman said the policy is aimed at preventing contraband like drugs from being smuggled into prisons. “If…
Give us your tired, your poor, your huddled masses yearning to breathe free—well, maybe not your huddled masses if they’re poor, under a new policy being considered by the Trump administration that would deny green cards to immigrants on public assistance. As CNN reports, the Department of Homeland Security…
The United States Securities and Exchange Commission (SEC) has published an “order instituting proceedings to determine whether to approve or disapprove” the proposed Vaneck Solidx bitcoin exchange-traded fund (ETF). The SEC is asking for further public feedback on issues pertaining to concerns regarding the bitcoin market’s perceived vulnerability to manipulation.
SEC Institutes Proceedings to Rule on Vaneck ETF
The U.S. SEC recently published an “order instituting proceedings to determine whether to approve or disapprove a proposed rule change to list and trade shares of Solidx bitcoin shares issued by the Vaneck Solidx Bitcoin Trust.”
The SEC asserts that the “Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change,” however, emphasizes that the “Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved.”
“Rather, […], the Commission seeks and encourages interested persons to provide comments on the proposed rule change,” the order states.
SEC Seeks Public Consultation Regarding Market Manipulation
The Commission is seeking public feedback regarding eighteen specific points pertaining to the exchange, including Vaneck’s “assertions that bitcoin is arguably less susceptible to manipulation than other commodities that underlie [exchange-traded products]”
The SEC states that it “is providing notice of the grounds for disapproval under consideration, adding that “The Commission is instituting proceedings to allow for additional analysis of the proposed rule change’s consistency with Section 6(b)(5) of the Act.”
The Act “requires, among other things, that the rules of a national securities exchange be ‘designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade’, and ‘to protect investors and the public interest’.”
SEC Already Received 1,400 Letters Regarding Proposed ETF
The SEC will accept public comments regarding whether the ETF should be approved or disapproved for “21 days from publication in the Federal Register.” The SEC will also accept rebuttals to arguments put forward regarding the ETF for 35 days from publication in the Federal Register.”
The order notes that “As of September 19, 2018, the Commission has received more than 1,400 comment letters on the proposed rule change.”
Do you expect that the Vaneck ETF will eventually be approved or rejected? Tell us why in the comments section below!
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We hope you’re sitting down for this news, especially if you’re planning a trip to Venice—because you might not be able to sit down once you get there. That’s because Luigi Brugnaro, the city’s mayor, wants to start fining folks if they plop themselves down in “undesignated spots,” CNN…