tl;dr
Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero is expected to be nominated as the next Federal Deposit Insurance Corporation Chair. She has been vocal about the need for Washington to "get it right" with crypto regulation. Kristin Johnson, another Democratic commissioner,...
Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero is expected to be nominated as the next Federal Deposit Insurance Corporation Chair. She has been vocal about the need for Washington to "get it right" with crypto regulation. Kristin Johnson, another Democratic commissioner, is expected to be nominated as Assistant Secretary for Financial Institutions at the Treasury Department.
Goldsmith Romero is known for sponsoring a Technology Advisory Committee focused on digital asset development and cybersecurity. The FDIC, where she is expected to take over, has been under scrutiny for issues such as sexual harassment. Johnson, the other nominee, has commented on heightened penalties for crypto firms like Binance due to prior regulatory warnings.
The White House is expected to nominate U.S. Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation (FDIC) chair and Kristin Johnson to a senior Treasury post, media outlets have reported. Goldsmith Romero, one of the CFTC's three Democratic commissioners, is expected to have her first hearing on July 8. She is the sponsor of a Technology Advisory Committee that includes members stablecoin issuer Circle, blockchain analytics firm TRM Labs, and Cryptocurrency custody firm Fireblocks. The committee was created to protect U.S. citizens from cyber attacks, ensure "responsible development of digital assets," Goldsmith Romero said at the time. She has been outspoken when it comes to crypto, once commenting that the mood in Washington was to "get it right," when it came to regulation.
Goldsmith Romero would replace Martin Gruenberg, who is stepping down in response to a report that stated that the FDIC had to make changes to address widespread sexual harassment and other misconduct, published last month. The report recommended that new officials be appointed to change the FDIC's culture. The FDIC is an independent body created by the U.S. Congress that is meant to help maintain stability in the financial system. The FDIC's inspector general said the body had not given banks clear enough guidance when it came to crypto in October last year, following the failure of some crypto banks. The FDIC was expected to give clearer guidance and support to banks this year. The agency has also come down on various crypto companies for making false claims about customer protections.
Johnson, another Democratic commissioner, will also be nominated for the role of Assistant Secretary for Financial Institutions at the Treasury Department, at the same time, a source told Reuters. Johnson has come out and said that Binance's CFTC penalties were heightened because of the regulators prior warnings for crypto firms to comply. CoinDesk sent a comment request to the CFTC, FDIC, and the Treasury.
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Headquarters: New York, New York
Industry: Real Estate & Construction, Blank Checks
Stock Symbol: 49773000
Current Price: $43.75
Change: $0.16
Percentage Change: 0%
Volume: 0
Market Cap: 0
Dividend Yield: 0%
Earnings per Share (EPS): None
Price-to-Earnings (P/E) Ratio: 1.051
Beta: 0
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Industry: MANUFACTURING
Sector: STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
NAICS Code: 8413079000
Current Stock Price: $10.58
Price Change: 0.2
Percentage Change: 3.46%
52-Week Range: $79.23
Dividend Yield: 0.0489
Market Cap: $17,743,000,000
PE Ratio: 38
EPS Growth (ttm): -0.129
Revenue Growth (ttm): -0.069
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Industry and Financial Data
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 284.45 billion
Dividend Yield: None
Beta (5Y Monthly): None
Stock Performance
Price Change (52 Weeks): -10.74%
Price Change (YTD): 32.62%
EPS (TTM): -0.174
Revenue (TTM): 489,592,000
Shares Outstanding: 1,756.95
Profit Margin: -0.775
Operating Margin: -0.055
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Headquarters: Grapevine, Texas
Sector: Trade & Services
Industry: Retail-Computer & Computer Software Stores
Market Cap: $11,541,983,000
Stock Price: $338.5
Dividend Yield: None
P/E Ratio: 0.08
EPS: 16.1
Beta: 0.0051
Volume: 4,917,500,000
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Profit Margin: 0.259
Operating Margin: -0.287