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House Committee Preparing Bills to Forge Crypto Tax Structure

A House panel with jurisdiction over tax policy is readying legislation to address the taxation of cryptocurrencies for release as early as Friday, before a hearing early next week.

By Caitlin Reilly and Chris Cioffi

Wall Street Regulators Targeted in Trump’s Workforce Order

President Donald Trump’s order stripping federal civil service protections from around 8,000 federal workers reaches deep into the ranks of some Wall Street regulators, as agency veterans sounded the alarm about the administration gaining new tools to sideline bank examination officials and crypto cops.

Franklin’s Wamco Nears $100 Million SEC Deal Over Leech

Western Asset Management Co. is nearing an agreement with the Securities and Exchange Commission to resolve a probe related to trading practices of its onetime star manager Ken Leech, who is facing separate criminal fraud charges.

SEC Focuses on Investor Calls for More Private Credit Details

Corporate details about private credit are important to investors looking to understand risks related to lending by institutions other than banks, an SEC accounting official said.

Goldman’s Lynam Sees ‘Uncomfortable Tension’ in Credit Market

Robust demand from pensions and insurance companies will support corporate bonds through macroeconomic headwinds and record issuance, according to Goldman Sachs Group Inc.

Saylor’s Bitcoin Machine Is Misfiring on Every Cylinder

Michael Saylor built Strategy Inc. around a straightforward idea: raise money to buy Bitcoin, then never sell it. Over time, that simple bet has turned far more complicated.

Blackstone-Backed Liftoff Rises 24% After $437 Million IPO

Liftoff Mobile Inc. shares climbed 24% in their debut after raising $437 million in a US initial public offering, in the company’s second attempt at going public this year.

US Small Business Hiring Plans Drop to Lowest Since May 2020

The share of US small businesses saying they’re planning new hires or are having trouble filling jobs fell in May to a six-year low, according to the National Federation of Independent Business.

Jane Street Plans New Data Center as Compute Power Runs Scarce

Jane Street Group plans to build and finance its own data center as the trading giant scales its operations to keep up with the demand for computing power.

Matt Levine’s Money Stuff: Get Your SpaceX Bets in Now

Matt Levine discusses pre-IPO perpetual futures, prediction market stock offerings, George Santos insider trading, and a good time for direct indexing.