U.S. Securities and Exchange Commission

Money Moves

Previously brought two enforcement actions against Abra

Abra, a cryptocurrency wealth management platform that paid more than $83 million in regulatory settlements over the past two years, announced a $750 million merger with a blank-check company to list on Nasdaq. The deal with New Providence Acquisition Corp. III would deliver up to $300 million in cash to fund expansion of Abra's institutional lending, yield, and custody business—now the company's sole focus after it shut down its retail operations amid enforcement actions.

Updated Yesterday

New Capabilities

Overseeing broker-dealer registration and securities trading regulation

Elon Musk founded X.com in 1999 with a vision of building an all-in-one financial services platform. That company became PayPal, and he was ousted as chief executive. Twenty-seven years later, he's trying again. X, the social network formerly known as Twitter, announced on February 14, 2026 that users will soon be able to trade stocks and cryptocurrency directly from their timelines through a feature called Smart Cashtags.

Updated Feb 14

Money Moves

Must approve merger filings

Open World, a Cayman Islands-based blockchain advisory firm that helped launch over $65 billion in token network value since 2023, is acquiring Nasdaq-listed VerifyMe through a reverse merger that will give Open World shareholders 90% ownership of the combined company. The deal, announced January 5 and formalized February 12, 2026, transforms a struggling authentication and logistics company into a publicly traded real-world asset tokenization platform.

Updated Feb 12

Money Moves

Disclosure venue; received the 8-K documenting the redemption plan

Gladstone Investment issued an 8% “baby bond” in 2023 when money was expensive and investors wanted yield. Now it’s ending that relationship early: the company called the entire $74.75 million 8.00% Notes due 2028 (ticker: GAINL) and set the redemption for December 16, 2025—at par plus accrued interest.

Updated Feb 10

Money Moves

Receives the Form 10, information statement, and Comcast 8-K disclosures

The divorce is final. On January 2, 2026, Comcast completed the pro rata distribution of Versant Media Group shares to its shareholders, and on January 5 the new company began regular-way trading on Nasdaq under ticker VSNT. The market's verdict was swift: Versant opened at $45.17 but closed its first day down 13% at $40.57, then continued falling to around $34.41 by week's end—a 24% drop from its debut price. That gives the cable-network bundle a market value of roughly $5.9 billion, or about 4.5 times projected 2026 EBITDA, well below the $10 billion that early estimates floated.

Updated Jan 11

Rule Changes

Operating with three Republican commissioners, no Democrats

Caroline Crenshaw walked out of the SEC on January 2, 2026, leaving the agency with three commissioners—all Republicans—for the first time in nearly two decades. She was the lone vote against Bitcoin ETFs, the single dissent on 13 crypto approvals, and the industry's most consistent obstacle. Her departure didn't just tilt the commission. It erased the opposition.

Updated Jan 5

Money Moves

Publishes ServiceNow’s filings that formalize the split mechanics

ServiceNow's 5-for-1 stock split executed on schedule: shares distributed after market close December 17, split-adjusted trading began December 18. The mechanical transition was clean—one $850 share became five $170 shares—but the 'fresh start' narrative got drowned out almost immediately by deal noise and analyst skepticism.

Updated Jan 1

Money Moves

Reviewed and declared Medline’s registration statement effective ahead of listing

Medline’s Nasdaq arrival as MDLN quickly turned from “biggest IPO of 2025” into a live market verdict: shares jumped roughly 41% in their first session, pushing the company into a roughly $50B+ valuation conversation almost immediately.

Updated Dec 20, 2025

Rule Changes

Convened and webcast the roundtable; may convert discussions into policy actions

The SEC spent years telling crypto: “We can’t see you, so we can’t trust you.” Now it’s hosting a public, recorded forum on the most explosive question in the space: how much visibility regulators should demand—and how much privacy Americans should keep.

Updated Dec 15, 2025