Latest news with #Paul Atkins
Yahoo
21-07-2025
- Business
- Yahoo
US SEC would set up guardrails for private investments in retirement plans, chairman says
NEW YORK -The U.S. Securities and Exchange Commission is prepared to work with the Labor Department to establish guardrails for investors if they gain greater access to private markets in retirement plans, the agency's chief said in a CNBC interview on Monday. "We can work with the Department of Labor to help to have good guardrails" for people to offer greater access to private markets for individual investors, SEC Chairman Paul Atkins said when asked about reports that President Donald Trump plans to sign an executive order to make private-firm investments more accessible in retirement plans. Private firms do not have the same level of required disclosures as public companies and are prone to valuation issues, so the SEC has historically restricted their access to mainstream investors. "We need to make it so that individual investors are relying on fiduciaries to help them put these sorts of products, if they wish, into their long-term savings and retirement plans," Atkins said.
Reuters
21-07-2025
- Business
- Reuters
US SEC would set up guardrails for private investments in retirement plans, chairman says
NEW YORK, July 21 - The U.S. Securities and Exchange Commission is prepared to work with the Labor Department to establish guardrails for investors if they gain greater access to private markets in retirement plans, the agency's chief said in a CNBC interview on Monday. "We can work with the Department of Labor to help to have good guardrails" for people to offer greater access to private markets for individual investors, SEC Chairman Paul Atkins said when asked about reports that President Donald Trump plans to sign an executive order to make private-firm investments more accessible in retirement plans. Private firms do not have the same level of required disclosures as public companies and are prone to valuation issues, so the SEC has historically restricted their access to mainstream investors. "We need to make it so that individual investors are relying on fiduciaries to help them put these sorts of products, if they wish, into their long-term savings and retirement plans," Atkins said.
Khaleej Times
11-07-2025
- Business
- Khaleej Times
Bitcoin jumps to all-time high on institutional investor demand
Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from US President Donald Trump's administration. The world's largest cryptocurrency rose to a peak of $116,781.10 in the Asian session on Friday, taking its gains for the year so far to more than 24 per cent. It was last trading at $116,563.11. "Bitcoin's new all-time high is being driven by relentless institutional accumulation - major players are scooping up supply and drying up liquidity on exchanges," said Joshua Chu, co-chair of the Hong Kong Web3 Association. In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He has also appointed several crypto-friendly individuals, including Securities and Exchange Commission Chair Paul Atkins and White House artificial intelligence czar David Sacks. Trump's family businesses have also made forays into cryptocurrencies. Trump Media Technology Group is looking to launch an exchange-traded fund to invest in multiple crypto tokens including Bitcoin, an SEC filing on Tuesday showed. Ether, the world's second-largest cryptocurrency, similarly jumped nearly 5 per cent to $2,956.82, after earlier hitting a five-month high of $2,998.41.
Asharq Al-Awsat
11-07-2025
- Business
- Asharq Al-Awsat
Bitcoin Jumps to Record on Institutional Investor Demand
Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from US President Donald Trump's administration. The world's largest cryptocurrency rose to a peak of $116,781.10 in the Asian session on Friday, taking its gains for the year so far to more than 24%. It was last trading at $116,563.11, Reuters said. "Bitcoin's new all-time high is being driven by relentless institutional accumulation - major players are scooping up supply and drying up liquidity on exchanges," said Joshua Chu, co-chair of the Hong Kong Web3 Association. In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He has also appointed several crypto-friendly individuals, including Securities and Exchange Commission Chair Paul Atkins and White House artificial intelligence czar David Sacks. Trump's family businesses have also made forays into cryptocurrencies. Trump Media & Technology Group is looking to launch an exchange-traded fund to invest in multiple crypto tokens including Bitcoin, an SEC filing on Tuesday showed. Ether, the world's second-largest cryptocurrency, similarly jumped nearly 5% to $2,956.82, after earlier hitting a five-month high of $2,998.41.
