securities

With the removal of the asset cap, the bank now can aim for higher deposits and new accounts as well as pursue additional investment banking businesses by keeping additional securities on its balance sheet.

Earlier this month, the agency settled its case against Ripple, which it had charged in 2020 with having raised $1.3 billion through unregistered securities.

They may need to consider reducing their spending or moving cash into more stable investments like money market funds and short-term Treasury securities, The New York Times reported.

Benjamin Schiffrin is the director of securities policy for Better Markets.

The same day as Lutnick’s appearance on Fox, a Cantor Fitzgerald securities analyst upgraded Tesla shares to “overweight.”