Editorial opinions and perspective on Fintech.

12(g) Rule is on the SEC’s Agenda for a Change. This Could Impact Private Companies, Forcing them to Register, Become Public Firms

The Securities and Exchange Commission (SEC) has published a long list of rule changes it intends to pursue. The complete agenda established by the Commission, under the leadership of SEC Chair Gary Gensler, is available here. One of the rule changes near the top is… Read More

Here is SEC Chair Gary Gensler’s Prepared Testimony for the Hearing at the House Financial Services Committee

  Today, commencing shortly, SEC Chair Gary Gensler will testify in front of the House Financial Services Committee. You can expect a good grilling of Chair Gensler as the Republic-controlled Committee has pushed against his aggressive rule-making agenda that has propelled the SEC into the… Read More

Chase UK’s Crypto Ban Will Not Prevent Fraudulent Activities, Scams, CoinCover CEO Claims

JPMorgan‘s (NYSE: JPM) UK-based retail bank Chase has reportedly decided to ban crypto-related transactions that are made by its clients, starting from October 16, 2023. This bank says it made the decision because of a significant rise in fraudulent activities and scams. A bank representative… Read More

SEC Commissioner Peirce: We Should Not Look to Impose Public Market Style Regulations on Private Markets. Meanwhile, Chair Gensler Aims to Change Reg D for the Worse

Speaking at the beginning of last week’s meeting of the Investor Advisory Committee (IAC), SEC Commissioner Hester Peirce went to bat for smaller firms and private securities issuers – once again. The SEC is currently considering making the definition of an Accredited Investor more rigorous…. Read More

Julian Deschler, Co-Founder at Elusiv: Blockchain Professional Comments on Latest Solana (SOL) Ecosystem Developments

MakerDAO co-founder Rune Christensen has submitted a proposal to build the project’s upcoming native chain using Solana’s codebase, which led to Vitalik Buterin selling $580,000 worth of MakerDAO’s MKR token in rebellion. The move may be an indication that ecosystem participants want to explore different… Read More

Virtual Banking: Pakistan Issues In-Principle Approvals to Digital Banks, as Nation’s Fintech Sector Expands

In order to support innovation, financial inclusion as well as the emerging digital financial services ecosystem, the State Bank of Pakistan (SBP) has reportedly issued In-Principle Approvals for launching five digital retail-focused banking platforms. Pakistan’s newly approved online banks reportedly include HugoBank, KT Bank Pakistan… Read More

Chainalysis Comments on US Proposed Tax Regulations which Outlines Information Reporting Obligations for Crypto Exchanges

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

Angel Capital Association Provides Compelling Information to Broaden Definition of an Accredited Investor, Countering SEC’s Ambition to Exclude More Investors

During the Securities and Exchange Commission’s meeting of the Investor Advisory Committee (IAC) yesterday (September 21, 2023), a representative from the Angel Capital Association (ACA) gave a compelling presentation advocating on behalf of his industry and why we need more Accredited Investors and NOT fewer…. Read More

If the Accredited Investor Wealth Threshold was Indexed to Inflation, the Hurdle Would Be Over $3 Million Today

The Securities and Exchange Commission (SEC) is considering raising the wealth threshold for the definition of an Accredited Investor. Currently, in brief, an Accredited Investor is an individual who earns over $200,000 a year or has a net worth of over $1 million. The net… Read More

Diego Lizarazo of Agoric: Blockchain Professional Comments on How a JavaScript Library Supports Web3 Devs Entering DLT, Smart Contracts Ecosystem

We recently connected with Diego Lizarazo, Director of Developer Relations at Agoric. Recently, Amazon launched Cloud Tools (AMB Access and Query services), which make it easier for developers to create decentralized applications. While this is a step in the right direction, more needs to be… Read More

Chairman of House Financial Services Committee Slams US Department of Treasury’s ESG Over-reach

Yesterday, the Secretary of the Treasury Janet Yellen, announced its ambitions in regard to “net zero financing and investment,” outlining their goal of net zero commitments and how they can compel financial services firms to adhere to their ideology. Secretary Yellen said: “Going forward, the… Read More

Apple Was Planning Stock Trading Until Markets Sank: Report

Any longtime Apple (NASDAQ:AAPL) watcher understands that it is one of the largest Fintechs in the world with plans to become any bigger. Adding investments and trading makes sense. It is just a matter of time.  Today, there is a report by CNBC quoting those… Read More

New York State Department of Financial Services Provides Guidance on Virtual Currency, Makes Recommendations for Coin Listing

The New York State Department of Financial Services (NYDFS) has published “guidance” for the US digital asset industry building upon its already widely utilized Bit Licence rules. Superintendent Adrienne A. Harris issued a statement explaining her goal of prioritizing regulations for “virtual currency policy” to… Read More

Evolution of Investment Banking and the Democratization of Capital: A Conversation with Vince Molinari

The world of investment banking has witnessed significant transformations over the decades, particularly concerning small-cap IPOs and access to capital. In this Capital Ideas interview with Vince Molinari, the CEO of Fintech.TV and an experienced figure in investment banking, ICAN’s Dara Albright and Nick Morgan… Read More

Prerak Sanghvi, VP of Engineering at Clear Street: Fintech Exec Discusses How API-first Development Is Streamlining Software Apps

  According to Insights Distilled’s recent State of Enterprise Tech report, API-first development is streamlining software, with respondents claiming they are ready to start utilizing APIs at scale, with 43% naming it a top priority for 2023. Additionally, a survey from Insight Partners’ portfolio company… Read More

Meeting of the SEC Investor Advisory Committee Will Address Reg D and Definition of an Accredited Investor

The Securities and Exchange Commission (SEC), Investor Advisory Committee will meet next week and will discuss two very important policy items that impact capital raising for private firms. The first panel discussion will review exempt securities offerings under Reg D. This exemption, only available to… Read More

House Financial Services Subcommittee Hearing on Digital Dollar, Updates on Witnesses, Shares Legislation to Limit CBDC Issuance

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion has posted the witnesses on its forthcoming hearing on a digital dollar. Entitled the Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives, the hearing is paired… Read More

Visa Expanding Stablecoin Capabilities via Solana Network Enhances the Credibility of the Crypto Space, According to Industry Professional

Austin Federa, head of strategy at the Solana Foundation, recently noted that firms such as Visa (NYSE: V)  expanding their stablecoin capabilities via the Solana network enhances the perception of the crypto space, which has witnessed numerous scandals and lawsuits during the last few months…. Read More

Uldis Tēraudkalns, CEO of Nexpay: Fintech Veteran Comments on Implications of MiCA Regulation for European Fintechs

Uldis Tēraudkalns, CEO of Nexpay, a fintech scale-up providing business banking solutions for digital companies, recently shared his views and insights with CI. Licensed by the Bank of Lithuania and operating across Europe, Nexpay reportedly processes over €2.5 billion annually and has helped over 600… Read More

SEC Small Business Capital Formation Advisory Committee Schedules September Meeting

The Securities and Exchange Commission (SEC) has announced that the Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to take place on September 19th. This is only the second meeting following the Commission’s change of members on SBCFAC. An agenda is not… Read More

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