French Hill Appointed Chair of House Financial Services Committee

A federal appeals court has overturned the SEC's approval of Nasdaq's board diversity rules, prompting criticism from Trump allies like Elon Musk and Vivek Ramaswamy. They argue the SEC is overstepping its authority, with Musk labeling it a politically motivated institution. The decision highlights ongoing conservative efforts to challenge SEC regulations, particularly in the Fifth Circuit. The ruling may influence the SEC's future direction under Trump's nominee, Paul Atkins, who is expected to adopt a business-friendly approach. Critics warn that weakening the SEC could harm U.S. capital markets.