537:JPM Snags First Republic::Gensler at HFSC::Meta to Sell Debt Securities

Overnighters,

Episode 537:
JPM Snags First Republic
Gensler at HFSC
Meta to Sell Debt Securities
And More

The TL;DR -

JPMorgan Chase acquired First Republic Bank's assets after the bank was closed by regulators. The acquisition will give JPMorgan Chase a larger presence in the cryptocurrency market.
Nigeria's SEC is preparing new regulations for digital asset platforms. They are considering allowing licensed digital exchanges to list tokens backed by specific assets, such as equity, debt, or property. Cryptocurrencies like Bitcoin and Ether did not make the cut.
Two major cryptocurrency exchanges have been fined by the U.S. government for violating sanctions and securities laws.
SEC Chair Gensler appeared before the House Financial Services Committee on Wednesday for a hearing about his leadership of the agency. Gensler has been a vocal critic of cryptocurrency. He has said most cryptocurrencies are securities and should be regulated by the SEC.
Meta filed a prospectus with the SEC for new debt shelf offerings. A debt shelf offering is a type of securities offering that allows a company to register a new issue of debt securities without having to sell the entire issue at once.

(5/1/2023)-Welcome back to the Crypto Overnighter. My name is Nikodemus, I’ll be your host as we take a nightly look at the crypto, NFT, and metaverse space and the industry surrounding it. And keep in mind, nothing in this show should ever be considered financial advice.

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