Wall Street Lobbies SEC to Lift Ban on Private Asset Cross-Trading

GateNews

Gate News message, April 22 — Wall Street’s largest alternative asset managers are urging the U.S. Securities and Exchange Commission (SEC) to relax regulations on cross-trading between funds managed by the same company, a move they say would expand private asset access within retirement accounts. The Alternative Investment Management Association, representing firms including BlackRock and Apollo Global Management, is pressing the SEC to lift its current restrictions on so-called private asset cross-trading.

The lobbying effort comes as alternative asset managers prepare to enter the 401(k) retirement savings plan market and similar retirement savings vehicles. Proponents argue that allowing intra-firm asset transactions would facilitate broader adoption of private assets by retirement account holders.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Tesla Q1 Revenue Reaches $22.4B, Beats EPS Estimates Despite Missing Top-Line Guidance

Gate News message, April 22 — Tesla reported first-quarter 2026 revenue of $22.39 billion, representing 16% year-over-year growth but falling slightly short of Wall Street's $22.64 billion consensus estimate. However, the company exceeded earnings expectations, posting adjusted earnings per share of

GateNews21m ago

IBM Stock Falls 8% in After-Hours Trading

Gate News message, April 22 — IBM shares declined 8% during after-hours trading on Tuesday.

GateNews1h ago

Tokenized T-Bills Reach $14B Record on-Chain, Driven by Multi-Chain Expansion

Tokenized U.S. Treasuries reach $14B TVL across blockchains by April 2026, driven by expanding wallet inflows; Ethereum remains the main hub, led by Franklin Templeton’s Benji and other growing T-bill tokens. Abstract: Tokenized U.S. Treasuries total value locked rose to a record $14 billion across multiple blockchains as of April 2026, led by active wallet inflows and sustained institutional interest despite DeFi headwinds. Ethereum remains the dominant platform, with Franklin Templeton’s Benji fund driving notable growth, and several other tokenized T-bill products expanding on Ethereum and Sei. About 33.9k wallets hold these assets, mainly used as collateral in DeFi protocols. At current yields around 3.68%, issuers could earn roughly $515 million annually, signaling continued appetite for conservative DeFi instruments.

GateNews2h ago

S&P 500 and Nasdaq Close at Record Highs as Tech Stocks Rally

U.S. stocks closed higher, with the S&P 500 and Nasdaq at new closing highs; Apple, Amazon, and Google rose over 2%, and TSMC jumped 5%, while the Nasdaq China Golden Dragon index fell and iQIYI dropped. Abstract: On April 21, U.S. major indices rose, led by technology shares. The Dow gained 0.69%, the S&P 500 1.05%, and the Nasdaq 1.64%, as Apple, Amazon, and Google advanced over 2% and TSMC climbed 5%. The Nasdaq China Golden Dragon index declined, with iQIYI down more than 5%.

GateNews2h ago

TradFi Rise Alert: FCEL (FuelCell Energy Inc) Rises Over 24%

Gate News: According to the latest Gate TradFi data, FCEL (FuelCell Energy Inc) has surged by 24% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

GateNews2h ago

ADA Price Outlook as Cardano Lands LSE Tokenized Deal

Key Insights Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets. ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l

CryptoNewsLand2h ago
Comment
0/400
No comments