JD Alois

SEC Open Meeting on Regulation Crypto Postponed

The Securities and Exchange Commission has postponed today’s open meeting of the Commission, scheduled to address new rules for digital assets, also known as Regulation Crypto Assets. The meeting was apparently canceled because of a scheduling conflict and is expected to be revisited later. The agenda… Read More

Tether Announces Audit by KPMG, Reports Positive Opinion from Auditor

Tether, the issuer of the USDT stablecoin, has long been dinged for questions about the reserves backing its digital dollar, the leading digital asset in the stablecoin sector. Today, Tether shared that KPMG US has issued a positive opinion on the firm following a complete audit. The… Read More

Wellington Now Holds 13.3% of Happen Shares, Formerly LendingClub

Wellington Management Group has filed a Form 13-G with the Securities and Exchange Commission (SEC), indicating that it controls 13.3% of Happen’s (NASDQ:HAPN) shares. Happen previously did business as LendingClub. The filing indicates it is a passive investment and does not seek control. Wellington now… Read More

Risk-Based Approach to AI Regulation Requested by American Fintech Council

The American Fintech Council (AFC) has issued a statement calling for risk-based artificial intelligence (AI) regulation in financial services. The AFC was responding to a request from House Financial Services Committee Ranking Member Maxine Waters. The AFC urged Congress to “pursue a unified, risk-based, and context-specific… Read More

Fidelity Digital Assets Pumps Bitcoin

Fidelity Digital Assets says that “markets may appear quiet, but the digital asset landscape isn’t standing still.” In a post on X, FDA reported that “Spot BTC ETP inflows have reaccelerated” and “30-day realized volatility is hovering near multi-year lows.” Bitcoin has been stuck in… Read More

FinCen Reverses Rule that Mandated Beneficial Ownership by Indviduals

The US Department of the Treasury, Financial Crimes Enforcement Network (FinCEN), has reversed requirements that mandated individuals to report beneficial ownership in companies. The final rule will become effective after it is published in the Federal Register. The rule adopts what was proposed this past… Read More

Bullish Reports Earnings Loss of $280 Million, Shares Rise on Sentiment, Future Expectations

Bullish (NYSE: BLSH) has reported Q2 2026 earnings, which delivered revenue of $92.6 million and a net loss of $280 million Adjusted EBITDA was $29.5 million, with digital asset sales reported at $32.6 billion (versus $58.6 million in the year-prior quarter). For the six months… Read More

SEC to Meet on Regulation Crypto: Crypto Asset Exemption [Postponed]

Tomorrow the Commission will meet ot discuss, and potentially approve, “Regulation Crypto.” An open meeting is scheduled for August 14 at 10 AM ET. According to the agenda, the Securities and Exchange Commission (SEC), Division of Corporation Finance, will present new rules for a bespoke… Read More

Securitize Reports Earnings After Listing on NYSE

Yesterday, Securitize (NYSE:SECZ) filed its first earnings report after listing on the New York Stock Exchange. Securitize went public last month in a SPAC deal. In early trading, Securitize shares are down around 20%. Securitize is a prominent platform in the tokenization sector. It generates… Read More

Securities Lawyer Comments on Goliath Ventures Crypto Ponzi Scam

Yesterday, the Securities and Exchange Commission, along with the Commodity Futures Trading Commission, filed fraud charges against Goliath Ventures and its founder, Christopher Delgado. The enforcement action alleges that Goliath and its founder created a $425 million crypto Ponzi scam. From at least January 2023… Read More

Here is the OCC Letter to bunq Denying Bank Charter Application

This past week, it was reported that Netherlands-based digital bank bunq had been denied a US charter by the Office of the Comptroller of the Currency. The response sent to bunq’s legal representation in the US was uncharacteristically harsh and critical of the Fintech’s attempt… Read More

UK Financial Conduct Authority Looks to the Tokenization of Gold

The UK Financial Conduct Authority (FCA) is reportedly reviewing the tokenization of gold. Multiple reports say a regulatory framework is in the works. The FT reports that one important aspect of the review is how tokenized gold could be used as collateral in wholesale markets…. Read More

Trump Administration May Pursue Reduction in Capital Gains Tax – Good News for Investors, Could Boost Capital Markets, Private Securities

Capital gains taxes in the US are variable today. If you hold a security for less than one year, you are taxed as normal income. If you hold it for over one year, you are taxed at a graduated rate: 0%, 15%, or 20%, depending… Read More

Zopa Partners with Hive to Finance Solar Installs, More

UK digital bank Zopa has teamed up with Hive to provide a path for homeowners to finance solar and other green home upgrades. According to a statement from Zopa, customers may now apply for a Zopa-based loan on the Hive website. Zopa notes that the… Read More

Hospitality Focused Mews Financial Services Approved for EMI License in the Netherlands,

Mews Financial Services B.V. has been approved to operate as an Electronic Money Institution (EMI) by De Nederlandsche Bank (DNB). By receiving approval, Mews will be able to offer multiple bank-like services to its customers. The approval covers the European Economic Area (EEA) Mews is… Read More

Netcapital Charged with Fraud by Securities and Exchange Commission

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Netcapital (NASDAQ:NCL), an early entrant in the securities crowdfunding sector, has been charged with fraud. According to a report by Reuters, the Securities and Exchange ​Commission has filed charges in Boston Federal Court alleging that NetCapital improperly recorded $14 million in revenue from consulting by… Read More

Real Time Payments Go Into Effect in Canada this Month

Canada will soon launch its Real-Time Rail (RTR), a national payments system that enables 24/7, instantaneous transfers and payments. Industry participants are currently testing the system, which carries data while incorporating anti-fraud controls. The legal framework kicks off on August 24th, with a system launch… Read More

US Department of Treasury Says Employers Can Now Contribute to Trump Accounts

The US Department of the Treasury has shared information on employee contributions to the new Trump Accounts. These accounts were authorized by the current administration as a path to providing access to the benefits of holding equities and the proven appreciation of these assets over… Read More

SEC Charges Fund Advisor for Fraud Related to Pre-IPO Shares Like SpaceX, Klarna

The Securities and Exchange Commission has filed fraud charges against investment adviser Adit Ventures Management, its CEO Eric Munson, and affiliated general partners. According to a public statement, the defendants used false claims to persuade investors to contribute money to Adit-managed funds, falsely claiming that… Read More

Robinhood Launches Crypto Trading in the UK

Robinhood (NASDAQ:HOOD) has launched crypto trading in the UK. In a release, Robinhood said it was rolling out crypto trading to eligible UK customers beginning this week. The move mirrors competitor Coinbase, which has moved in the opposite direction, first offering crypto trading and then… Read More

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