The SEC allowed an ETF that intends to invest its assets in private credit to start trading. Private credit funds are risky for retail investors because the underlying assets are illiquid and hard to value.

The SEC issued guidance stating its view most meme coins are not securities but are rather akin to collectibles. The guidance leaves meme coin investors to fend for themselves without the protection of the federal securities laws.

The SEC dismissed its case and allegations against ConsenSys involving its MetaMask wallet tool. The SEC has surrendered to the crypto industry.

Better Markets fact sheet: Having Won Almost 100% of Its Cases Against the Crypto Industry, the SEC Baselessly Surrenders

New CFPB leadership continues its trend of dismissing prior CFPB enforcement actions against alleged corporate wrongdoers—this time against Capital One for allegedly misleading consumers about its 360 Savings accounts and obscuring its higher-interest savings product from them, duping consumers out of more than $2 Billion in interest payments on savings accounts.

Read Better Markets’ statement here.

The SEC dismissed its case and allegations against crypto exchange Kraken. The SEC has surrendered to the crypto industry.

Better Markets fact sheet: Having Won Almost 100% of Its Cases Against the Crypto Industry, the SEC Baselessly Surrenders

New CFPB leadership continues its trend of dismissing prior CFPB enforcement actions against alleged corporate wrongdoers—this time against TransUnion and its executive John Danaher for violating a 2017 Consent Order and deceptively marketing its direct-to-consumer products.