The US Securities and Exchange Commission and Gautam Adani and Sagar Adani have jointly requested more time in a US court, proposing a revised schedule for major submissions in a civil securities case. The SEC sued in November 2024, alleging investor misrepresentation. The Adanis deny wrongdoing and are pushing to dismiss the fraud suit.
As the Trump administration and the SEC push to broaden access to markets, US investors could soon get more products tied to private credit and crypto. Some investment advisors say the move may increase complexity and shift the burden of risk management onto individuals, raising concerns about whether retail investors can adequately protect themselves as these assets go mainstream.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Morgan Stanley has filed with the U.S. Securities and Exchange Commission to launch exchange-traded funds tied to the prices of cryptocurrency tokens, including Bitcoin and Solana. The filing marks a first for a major US bank in this space and signals intensifying institutional involvement in crypto-linked products—pending regulatory approval.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
