January 24, 2025 @ 10:32 am By JD Alois  |  

Representative French Hill, Chairman of the House Financial Services Committee, and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil have posted a comment following President Trump signing Executive Orders relating to digital assets and AI. Yesterday, Trump reaffirmed his commitment to supporting… Read More

January 24, 2025 @ 9:23 am By JD Alois  |  

Yesterday, President Donald Trump signed an Executive Order supporting digital asset development. The order seeks to ensure US leadership in digital financial technology. A working group will soon be established chaired by the White House AI & Crypto Czar, David Sacks, and include the Secretary of… Read More

January 23, 2025 @ 6:28 pm By JD Alois  |  

SEC Staff Accounting Bulletin (SAB) 121 is no more. Today, SAB 122 rescinded the guidance of SAB 121 – the bulletin that “expressed the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.” Effectively, this made… Read More

January 23, 2025 @ 5:33 pm By JD Alois  |  

President Donald Trump signed an Executive Order today that aims to keep the US at the forefront of Artificial Intelligence (AI) development. The EO revokes “certain existing AI policies and directives” that have been deemed to undermine AI innovation. The goal is to clear a… Read More

January 23, 2025 @ 5:19 pm By JD Alois  |  

The Executive Orders keep coming out of the White House. Today, President Donald Trump signed several big ones – including an Executive Order that aims to ensure US leadership in digital financial technology or Fintech, including AI and digital assets. The Order establishes a Presidential… Read More

January 23, 2025 @ 2:08 pm By JD Alois  |  

Upgrade, a neobank that offers various credit and savings products to its customers, has appointed a new Chief Operating Officer (COO). Jeffrey Meiler, former founder and CEO of Best Egg, has joined the Fintech to apply his decades of experience in lending cards and payments…. Read More

January 23, 2025 @ 12:49 pm By JD Alois  |  

The shift from Democrat control to Republican control will have a dramatic impact on innovation in financial services. While the Democrat party has been firmly anti-Fintech innovation, Republicans have embraced tech improvements in financial services, and today is emblematic of the change as the Senate… Read More

January 23, 2025 @ 10:45 am By JD Alois  |  

Egregious, an artificial intelligence (AI) firm that seeks to combat social media and other types of deception has raised $1 million in a Pre-seed round. Egregious was backed by Fuel Ventures and Oxford Capital, which led the funding. Oxford Capital focuses on EIS/SEIS-qualified firms for… Read More

January 23, 2025 @ 9:42 am By JD Alois  |  

The wealthy are easy targets for simple minds. The mantra of “paying their fair share” plays to the masses who want someone else to foot the bill for government services. The same wealthy tend to invest and spend, supporting businesses both old and new. Yet,… Read More

January 22, 2025 @ 6:10 pm By JD Alois  |  

This past week, the Securities and Exchange Commission (SEC) announced a new Crypto Task Force established with the mission of creating a regulatory framework for digital assets. After years of regulation by enforcement, the SEC is finally doing its job. The change arrived with the departure of Gary Gensler as… Read More

January 22, 2025 @ 4:27 pm By JD Alois  |  

A recent report that Santander may exit the UK market compelled the bank’s Executive Chairman to throw cold water on the rumors. Speaking at the WEF in Davos, Ana Botin told the audience they love the UK market, claiming it will remain a core market… Read More

January 22, 2025 @ 12:56 pm By JD Alois  |  

Rayls has announced the integration of Arbitrum, an Ethereum Layer 2 scaling platform. Rayls is a blockchain platform that aims to bridge DeFI and TradFi. The integration seeks to create a new public blockchain that connects and aggregates liquidity from Rayls’ network. Rayls says its… Read More

January 22, 2025 @ 12:36 pm By JD Alois  |  

DriveWealth says it has formed a partnership with Moment Technology to better support access to fixed-income securities. DriveWealth is a “Brokerage-as-a-Service” platform that powers digital wallets, broker-dealers, asset managers and consumer brands. Moment offers fixed-income trading tech as well as market data. The collaboration is… Read More

January 22, 2025 @ 12:26 pm By JD Alois  |  

The new Trump administration has moved quickly to reverse the Biden administration’s anti-digital asset innovation policies. This week, Commissioner Mark Uyeda was selected as the acting Chair of the SEC. His first act was to create a Crypto Task Force led by Commissioner Hester Peirce,… Read More

January 22, 2025 @ 11:48 am By JD Alois  |  

In recent weeks, GOin became the first crypto asset manager to receive a Digital Asset Service Provider License (DASP – agrément en qualité de prestataire de services sur actifs numériques -PSAN) issued by the French Autorité des marchés financiers (AMF). GOin is approved to offer:… Read More

January 22, 2025 @ 11:18 am By JD Alois  |  

CI has received comments from Ruslan Lienkha, chief of markets at YouHodler, a regulated Virtual Asset Service Provider (VASP), regarding the new Trump administration and its impact on digital assets. President Trump is well known for his support of crypto, and markets have responded positively… Read More

January 22, 2025 @ 8:03 am By JD Alois  |  

2025 may be a far better year for risk capital in Europe. According to a report, around $31 billion in “dry powder” is available for European early-stage firms. Dealroom.co says over 4X the amount of cash available compared to ten years ago, and “Unicorn creation”… Read More

January 21, 2025 @ 5:56 pm By JD Alois  |  

President Donald Trump took to the podium once again to reveal a significant investment targeting Artificial Intelligence development. “Largest AI Infrastructure project in history” At a press event at the White House, the President introduced Larry Ellison, CEO of Oracle, Masayoshi (Masa) Son, CEO of… Read More

January 21, 2025 @ 1:52 pm By JD Alois  |  

Small Change, a FINRA-regulated Funding Portal in the real estate sector, is reporting its best year to date. According to the company, in 2024, issuers raised over $6 million for 12+ real estate projects across the US. Small Change says that 13 issuers were launched… Read More

January 21, 2025 @ 1:45 pm By JD Alois  |  

Following the SEC debacle in regulating crypto under the direction of Chairman Gary Gensler, acting SEC Chair Mark Uyeda has announced a new Crypto Task Force. Uyeda was just announced as the temporary Chair to lead the Commission. Following his selection, Acting Chair Uyeda said… Read More