Coinbase wants Congress to prevent the Securities and Exchange Commission from regulating the crypto industry, according to a policy blueprint reviewed by The Wall Street Journal . Instead, the crypto exchange wants Congress to create a new regulator just for digital assets, a position that directly opposes that of the SEC’s chair. The policy document is just the latest example of growing...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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