JD Alois

Democrats Tell CFTC to Stop Insider Trading by Federal Employees on Prediction Markets

A group of Democratic politicians has joined to demand that the Commodity Futures Trading Commission (CFTC) stop federal employees from engaging in “insider trading” on prediction markets. Led by Senators Elizabeth Warren, Amy Klobuchar, Jeff Merkley, and Representatives Maxine Waters and Angie Craig, the group… Read More

New Political Action Committee, Blockchain Leadership Fund, Aims to Advance Digital Asset Policy Just as CLARITY Act is Being Held up by Banks

The Blockchain Leadership Fund (BLF) is a new Political  Action Committee (PAC) that aims to advance digital asset policy, just as legacy banks are holding up the CLARITY Act due to fears of new competition from blockchain firms. The CLARITY Act, or crypto market infrastructure legislation, is… Read More

Plume Shares Update on Tokenization

Plume, a tokenization platform supporting digital real-world assets (RWAs), recently shared an update on the platform’s performance. Plume was founded in 2023 as a layer 2 blockchain focused on RWAs. The company was founded by CEO Chris Yin, previously at Rainforest and Scale Ventures; CBO Teddy… Read More

SEC Small Business Capital Formation Advisory Committee to Meet in April

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), is scheduled to reconvene on April 28th. The meeting will be livestreamed and available to the public. At the last SBCFAC gathering, in February, the group discussed issues like Finders and secondary markets… Read More

Apollo, Based in NYC, Looks to Open HQ in Florida or Texas

Apollo Global Management is planning to open a second headquarters in either Florida or Texas, adding its name to the growing list of firms seeking a more business-friendly jurisdiction to operate. Apollo is expected to keep its NYC HQ, at least for the time being…. Read More

Cryptio CEO Comments on Stablecoin Yield Hurdle in CLARITY Act Impasse

Allowing stablecoin yield in the CLARITY Act, the crypto market infrastructure legislation, appears to be an issue the banking industry is willing to die on. Legacy banks worry that profits will decline as deposit holders move their funds to more agile stablecoins that offer yields… Read More

Crowdcube Lists Opportunity to Invest in Blockchain.com in Pre-IPO Opportunity

Online capital formation platforms seeking to provide growth capital for early-stage firms have decisively moved into providing secondary offerings, adding value for investors registered on their platforms. Crowdcube, a top UK-based platform, is currently offering investors the opportunity to invest in Blockchain.com prior to a… Read More

SaveLend Alters Updates Goals as Regulatory Environment Changes

SaveLend Group AB, a Nordic Fintech that enables individuals to invest in loans, says it is updating its goals due to a changing regulatory environment. SaveLend Chairman of the Board Håkan Nyberg, stated: “With changing regulatory conditions, a divested business, and a planned application for… Read More

Reg CF Issuers that Set Artificially Low Funding Targets Undermine the Entire Sector of Online Capital Formation

Regulation Crowdfunding, or Reg CF, is the smallest security exemption that enables online capital formation. Currently, Reg CF enables an issuer to raise up to $5 million in a securities offering that needs only a notice filing and can solicit from both Accredited and non-Accredited… Read More

Democrat Politicians Lead Charge on Legislation to Punish Wealthy with New Tax

A group of Democrat Senators and Representatives has joined to advocate for new taxes targeting wealthy individuals. The new legislation, designed to punish affluent citizens, aims to tax individuals who are worth more than $50. Senators Elizabeth Warren, Representatives Pramila Jayapal and Brendan F. Boyle,… Read More

Tokenovate CEO Comments on House Financial Services Committee Hearing that Tackled Tokenization of Securities

Yesterday, the House Financial Services Committee held a hearing to review the tokenization of securities. It is inevitable that securities will go digital, and tokenization, leveraging distributed ledger technology to issue, manage, and trade securities, is quickly being adopted. Yet, questions remain. Tokenization and the… Read More

VCX Loses Some Elevation as Shares Backtrack Recent Price Gains

VCX, the Fundrise Growth Tech Fund that invests in promising private firms, has lost some of its recent astronomical price gains, trading lower by around 50% today. VCX was recently listed on the NYSE as a new vehicle for anyone to invest in a portfolio… Read More

Legacy Banks are Stupid to Fight Stablecoin Yield. They Must Embrace the Future of Stablecoins

Legacy banks have slammed the brakes on the CLARITY Act, crypto market infrastructure legislation, which is poised to enable the United States to lead the world in digital asset innovation. The big roadblock remains the ability for stablecoin holders to earn yield. As payment stablecoins,… Read More

London in Second Place After NYC as Top Global Financial Centre Ranking

Z/Yen, a City of London commercial think-tank, has published The Global Financial Centres Index 39. According to its analysis, New York City remains at the top of the Index, followed by London, Hong Kong, Singapore, and San Francisco. This ranking at the top is little… Read More

RedStone Acquires TokenizeThis Conference

RedStone has acquired STM. co and the TokenizeThis brand. Details of the transaction were not immediately available. RedStone is a blockchain oracle firm specializing in yield-bearing assets for DeFi and other onchain financial services, including stablecoins and staking. TokenizeThis claims the title of the longest-running global… Read More

Private Stablecoin Platform Payy Network Raises $6 Million Seed Round

Payy Network has raised $6 million in Seed funding, according to a company statement. The funding was led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. Payy is a stablecoin blockchain that states it is private by default. Payy believes there is… Read More

House Financial Services Committee Hearing on Tokenization Today

The House Financial Services Committee is holding a hearing today addressing the tokenization of securities. As everyone knows, securities are going digital. This will bring important improvements to all constituent parties, including issuers, investors, and any platforms that enable these operations. The hearing memo explains:… Read More

Does Figure Have Workaround for Stablecoin Yield with $YLDS?

Mr. Potter Banker Banking (1)

The banks are at it again. Instead of competing on a level playing field with digital asset firms, they want to put their hand on the regulatory scale to ensure they maintain a moat that helps them, but not consumers. Spewing FUD regarding deposit flight,… Read More

StartEngine Acquires Wine Investing Platform Vinovest

StartEngine, a top securities crowdfunding platform, has acquired Vinovest, a niche wine-and-whiskey investment platform. The terms of the deal were not immediately available. According to a company statement, Vinovest currently is home to 200,00 registered users. Since its founding, Vinovest has secured approximately $140 million… Read More

Tether Enlists Big Four Accounting Firm to Audit Operations

Tether, issuer of the world’s largest dollar-based stablecoin USDT, says it has enlisted the services of a Big Four accounting firm to audit its operations. For years, Tether was peppered with allegations of shortcomings of reserves tied to USDT. More recently, Tether has partnered with… Read More

Send this to a friend