Derivatives

'There is no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology': SEC chief Gary Gensler

‘There is no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology’: SEC chief Gary Gensler

““We can get rid of the idea that crypto loans are not subject to regulation. Rather, the rules have been around for decades. The platforms don’t follow them.’” — Gary Gensler, Securities and Exchange Commission What do automakers have to do with crypto lending platforms? Consumers and investors deserve protection — that applies to both …

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'Squashed like a bug': distressed bond manager makes multi-billion dollar bet against Tesla

‘Squashed like a bug’: distressed bond manager makes multi-billion dollar bet against Tesla

Scott Burg, the chief investment officer of Deer Park Road Management Co, who predicted that Tesla would become “crushed like an insect” in a 2020 tweet, he bought put options on nearly 4.8 million Tesla shares in the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The stock backed by …

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