SEC Kicks Off Review of Rules Governing Executive Pay and Perks
The Securities and Exchange Commission is taking initial steps to consider overhauling rules governing disclosures of executive compensation, including banker pay and bonus clawbacks.
The current compensation disclosures are 'a Frankenstein patchwork of rules' thanks to myriad updates over the past three decades, SEC Chairman Paul Atkins said in prepared remarks Thursday for a roundtable event on the topic in Washington. 'The outcome of our rules is not effective when companies require highly specialized lawyers and compensation consultants to prepare disclosure that the reasonable investor struggles to understand.'
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DOGE layoffs are starting to leave their mark on D.C.'s housing market
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Let's dig in and take a look at three of the biggest ways the legislation could make waves, assuming it gets signed into law. The Senate bill would create a new "permitted payment stablecoin issuer" charter and requires every token to be backed 1:1 with cash, U.S. Treasuries, or overnight repurchase agreements (repos) -- all audited annually for issuers above $50 billion in circulation. This is a distinct change from the present Wild West system, in which there are few meaningful safeguards or reserve requirements. That clarity hits just as stablecoins have become the dominant medium of exchange on blockchains. In 2024, they accounted for roughly 60% of all crypto transfer value and processed 1.5 million transactions a day, most less than $10,000. For everyday payments, a stablecoin token that never drifts from $1 is simply more useful than most legacy payment‑focused altcoins, whose price can swing 5% before lunch. 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The Motley Fool has a disclosure policy. 3 Ways the Genius Act Could Affect the Cryptocurrency Sector Over the Next 5 Years was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Rite Aid's Thrifty ice cream brand gets sold to a business entity linked to Monster Energy executives
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