Venture Capital
The meteoric rise of GameStop (GME) stock at the start of the year had the effect many predicted it would: It attracted the attention of Washington. Last month Congress held hearings on the situation, calling the CEOs of Robinhood, Reddit, Citadel Securities and Melvin Capital, among others, to account on Capitol Hill. And lately President Joe Biden’s administration has indicated that it’s considering a new tax on investment trading.