JD Alois

Florida Council of 100: Florida Aims to Lure More Companies to Free State with No Income Tax

America’s next chapter of growth is being written in Florida, says the Florida Council of 100. The initiative aims to fuel the ongoing migration from high-tax, less business-friendly states to the Sunshine State, which has already seen dramatic success in attracting both established firms and… Read More

Robinhood UK Adds ISAs to Platform

Robinhood UK says it has added ISAs, tax-advantaged retirement accounts, to its bundle of investment options. The company touted its zero platform fees, low FX fees, and a 2% cash bonus. UK users will be able to access approximately 5,000 US-listed stocks and ADRs and… Read More

American Bankers Association Comments on White House Crypto Meeting: Wants No Interest or Yield on Stablecoins

Mr. Potter Banker Banking (1)

The American Bankers Association (ABA) has issued a statement on today’s White House Crypto meeting, which brought together crypto and legacy banking representatives in an attempt to reanimate crypto market infrastructure legislation. While crypto firms quickly issued positive statements regarding the gathering, the ABA appears… Read More

Digital Banking: Varo Raises $123.9 Million in Series G Funding

Varo, a federally chartered digital bank, has raised $123.9 million in a Series G funding round. The terms of the funding were not revealed. According to a release, new investor Coliseum Capital Management and existing investor Warburg Pincus led the round. Existing investors also participated… Read More

White House Crypto Meeting Said to Make Progress

As previously reported, the White House crypto team met today with representatives from the banking industry and digital asset industry. The rapid-response gathering came about after some crypto insiders stated they could not support the Crypto Market Infrastructure legislation scheduled for a markup hearing before… Read More

Tether, Opera, Expand Partnership Involving USD₮, XAUt0

Stablecoin issuer Tether says it is expanding its partnership with Opera, creator of a self-custodial wallet built on Celo. According to a blog post, Opera’s MiniPay wallet will now support USD₮ and XAUt0 (Tether Gold). Tether states that the MiniPay wallet has become one of… Read More

Crowdfund Capital Advisors: Founder Tells SEC, Congress to Improve Secondary Markets for Crowdfunded Securities

Sherwood Neiss, founder of Crowdfund Capital Advisors (CCA), has submitted a statement to the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) advocating for improvements to secondary markets for crowdfunded securities. At the same time, Neiss has sent a letter to the House Committee on Financial Services,… Read More

France: Autorité des Marchés Financiers Says Artificial Intelligence (AI) Adoption High

The Autorité des Marchés Financiers (AMF) in France says the adoption of artificial intelligence (AI) is rather high. In a recent survey conducted by the AMF, 90% of respondents reported using AI or planning to do so in the near future. Generative AI is the… Read More

Grow California: Crypto Advocates Look to Support Moderates, Some Republican Politicians in California

Moderates and Republicans frequently lament California’s decline. While the state has wonderful beaches, mountains, great weather, and a robust innovation ecosystem, the politics have been a disaster for many years. High taxes, dilapidated infrastructure, and numerous allegations of government-backed fraud have helped make the Golden… Read More

Alternative Inflation Measure Truflation Shows Inflation Dramatically Lower than Feds Believe

Alternative inflation measure firm Truflation continues to challenge the establishment belief that inflation is too high. The US Federal Reserve decided to hold interest rates steady at a meeting last week, with the main reason being that the economy was chugging along, and inflation remains… Read More

Nubank Approved for US Bank Charter

South America-based digital bank Nubank (Nu)  (NYSE:NU)has received approval for a federal bank charter by the Office of the Comptroller of the Currency. With approval, Nubank will be able to compete on a level playing field with other digital and legacy banks. As is typical,… Read More

VenHub Global Raised Funds Under Reg CF on Issuance Sees Shares Trade on Nasdaq

VenHub Global (NASDAQ: VHUB), a company that raised growth capital under Reg CF, began trading on the Nasdaq today via a direct listing. Shares initially rose in early trading, topping $40, but have since reversed, now trading at just over $7/share. VenHub Global is a… Read More

“A Surprisingly Conventional Pick” Comments on Selection of Kevin Warsh as Federal Reserve Chairman

Kevin Warsh was selected by President Donald Trump to become the next US Federal Reserve Chairman. As current Chair, Jerome Powell, is slated to exit the leadership role next May, Warsh should soon be guiding Monetary policy for the US. Market commentary has largely welcomed… Read More

Federal Reserve Governor Chistopher Waller Issues Statement on Decision to Hold Rates Steady

This past week, the US Federal Reserve decided to hold rates steady as was widely anticipated by markets. The vote saw two dissenters, Christopher Waller and Stephen Miran, who both preferred a 25 bps reduction. Today, Waller issued a statement explaining why cutting rates made… Read More

Kevin Warsh Tipped to Become Next Federal Reserve Chairman

Kevin Warsh, a former US Federal Reserve Governor and currently a Visiting Fellow at the Hoover Institution at Stanford University, has been selected by President Trump to become the next Fed Chair. Warsh received his BA at Stanford and earned his JD from Harvard Law… Read More

LendingClub Reports Q4 Results, Revenue, Originations Rise, Shares Sink

Digital bank LendingClub (NYSE:LC) reported Q4 and full-year results yesterday, but the solid results were not sufficient to inspire investors as shares cratered following the results. LendingClub reported that net revenue increased 23% to $266.5 million, compared with $217.2 million in the prior year, driven by… Read More

Saxo Bank Hit with Fine in Denmark Due to Money Laundering Claims

Saxo Bank, a Danish bank focused on online trading and investment with more than €115 billion in client assets, has been penalized by the Danish authorities regarding claims of money laundering violations. The Danish Financial Supervisory Authority has assessed a fine of DKK 313,000,000 or… Read More

House Leadership Comments on Crypto Market Infrastructure Bill Approval by Senate Agriculture Committee

House Committee on Financial Services Chairman French Hill and House Committee on Agriculture Chairman Glenn “GT” Thompson have joined in welcoming the Senate Committee on Agriculture’s approval of crypto market legislation. The Digital Commodity Intermediaries Act advanced out of Committee earlier today. Representative Hill stated: “Last July,… Read More

Crypto Market Infrastructure Legislation, the Digital Commodity Intermediaries Act, Advances Out of Senate Agriculture Committee

The Digital Commodity Intermediaries Act, crypto market infrastructure legislation, advanced out of the Senate Committee on Agriculture, Nutrition, and Forestry today. Chairman of the Committee, John Boozman, called the approval a critical step towards providing clarity in the digital asset ecosystem. “Advancing this bill brings us… Read More

Netherlands May Pursue Confiscation Tax Which Never Works

The Netherlands is poised to approve a change to the income tax that will impose a 36% tax on unrealized gains, as it seeks to boost revenue to fund government activities. Of course, confiscatory taxes have never worked anywhere and will likely have the opposite… Read More

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