Gary Gensler's transparency push has been wide-ranging, touching on issues like Chinese equity listings, climate, PFOF, SPACs, and crypto.
Robinhood derived about 80% of its revenue from payment for order flow transactions in the second quarter.
Gary Gensler, head of the SEC, is increasingly focused on cryptocurrency trading platforms and has called for more powers to oversee them.
MEMX's proposal is notably similar to an idea floated by Robinhood CEO Vlad Tenev in June, when he proposed pricing stocks down to the hundredth of a penny.
The billionaire investor argued that fund managers who follow ESG guidelines but invest in Chinese stocks are duping themselves and their clients.
SEC chief Gary Gensler recently warned investors about the risks of buying into Chinese companies listing in the US.
The "Shark Tank" star said the regulator should be more transparent and focus on individual investors' needs instead of impressing Wall Street.
The George Floyd protests sparked a dialogue on equity in corporate America. The SEC could force workplaces to publicize diversity like never before.
VanEck's fund will not invest directly in ether, but invest in ether futures contracts and other pooled invested vehicles that provide exposure to the coin.
Galaxy Digital, like numerous other firms, is still waiting for the green light from regulators to start running a bitcoin ETF.
Chinese companies establish contracts with shell companies in other countries to escape the government's directive on foreign ownership, Gensler said.
Gensler responded to a July letter from Sen. Elizabeth Warren's July letter, saying the agency needs help.
"The SEC has no authority over pure commodities or their trading venues whether those commodities are wheat, gold, oil… or #crypto assets," CFTC's Brian Quintenz said.
The Ripple boss said US regulators' belief that there was clarity around crypto assets was like an addict's belief that they don't have a problem.
"This is about putting some basic rules in place," she told Bloomberg. "Right now, we don't have any cops on the beat to speak of."
"If somebody is raising money selling a token and the buyer is anticipating profits based on the efforts of that group to sponsor the seller, that fits into something that's a security," Gensler told CNBC.
Others were a bit more sanguine, describing Gensler's move as a "stepping stone" toward a physically backed bitcoin ETF.