July 20, 2018 @ 5:47 pm By JD Alois  |  

The leading financial regulator in the United Kingdom released their annual report this week. The Financial Conduct Authority (FCA) tackled a wide spectrum of issues in the report including the forthcoming separation from Europe. But the FCA also addressed their ongoing intent to foster an… Read More

July 20, 2018 @ 11:01 am By JD Alois  |  

On July 24th, the House Financial Services Committee will consider legislation entitled the ‘‘Financial Technology Protection Act’’ (HR 5036). This bill, along with several others, will be discussed in front of the full Committee. The Act is described as seeking: “To establish an Independent Financial Technology… Read More

July 20, 2018 @ 9:21 am By JD Alois  |  

Earlier this week, the Subcommittee on Monetary Policy, part of the House Financial Services Committee, held a hearing on the future of money that addressed the rise in prominence of cryptocurrency. While some members of Congress remain supportive of crypto and Fintech in general, others… Read More

July 20, 2018 @ 7:58 am By JD Alois  |  

As was expected – the “JOBS and Investor Confidence Act of 2018,” also being branded as the JOBS Act 3.0, passed the House this week in a nearly unanimous act of legislation that rarely happens on Capitol Hill. The bill is actually a compendium of… Read More

July 18, 2018 @ 6:31 pm By JD Alois  |  

The Monetary Policy Subcommittee, part of the House Financial Services Committee, held a hearing today addressing the emerging world of cryptocurrencies. Over the past several months, several Congressional committees have held similar hearings as policy makers seek to better understand crypto and perhaps hinder, or… Read More

July 18, 2018 @ 8:32 am By JD Alois  |  

The current definition of an accredited investor is a profound act of disenfranchisement. Policy makers decision to segregate investors based solely on how much money they have is a myopic, discriminatory act of rulemaking. The punitive definition of an accredited investor has been in place… Read More

July 17, 2018 @ 7:43 pm By JD Alois  |  

The JOBS and Investor Confidence Act (HR 6380), also called JOBS Act 3.0, is a grouping of 32 business friendly bills put together in a bipartisan effort to actually get something done. House Financial Services Committee Chair Jeb Hensarling stated; “Without a steady stream of small… Read More

July 17, 2018 @ 6:54 pm By JD Alois  |  

The House Agricultural Committee is the next contingency in Congress to schedule a hearing on cryptocurrencies. The hearing entitled “Cryptocurrencies: Oversight of New Assets in the Digital Age” is scheduled to take place tomorrow, at 10AM ET (Wednesday, July 18, 2018), in the Longworth House Office Building…. Read More

July 17, 2018 @ 4:50 pm By JD Alois  |  

In a profound act of bipartisanship, Representative Jeb Hensarling, Chairman of the powerful House Financial Services Committee, and Representative Maxine Waters, ranking member on the Committee, have joined together on a series of bills that are designed to “help America’s small businesses and entrepreneurs and to… Read More

July 16, 2018 @ 5:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued their fourth warning on consumers purchasing cryptocurrency. The “Customer Advisory told investors to use caution and to extensive research prior to purchasing virtual coins or tokens – including “self described utility coins or consumption coins.” Erica Elliott… Read More

July 16, 2018 @ 2:24 pm By Cali Haan  |  

Alexander Vinnik, a Russian national accused by the US government of laundering $4 billion dollars of cryptocurrency proceeds of crime will be extradited from Greece to France to face charges there, CNN Greece reports. An unsealed US government indictment charges Vinnik with 21 counts of… Read More

July 16, 2018 @ 11:19 am By Cali Haan  |  

In the wake of Mueller indictment revelations showing that Russian spies used bitcoins to aid their hacks on the US Democratic Party leading up to 2016 US elections, US Congressman Emanuel Cleaver has once again called on the crypto industry to take responsibility for the misuse… Read More

July 15, 2018 @ 3:46 pm By JD Alois  |  

Small businesses in the US, and just about every other country, are the life blood of the economy where they operate. This is a fact. Providing access to capital to smaller firms is thus a vital need to drive economic growth, create jobs, and enable… Read More

July 15, 2018 @ 9:21 am By JD Alois  |  

  As was reported last week, the Securities Token Roundtable is continuing deliberations in Barbados over the weekend. Organized in part by the efforts of Polymath who is hosting the event, the meeting includes a good number of emerging platforms and industry participants seeking to… Read More

July 15, 2018 @ 8:59 am By Cali Haan  |  

  Youtube, “failed as a gatekeeper to protect its users,” by allowing affiliates of the Bitconnect cryptocurrency ponzi scheme to post 70 000 hours of promotional video, lawyers for plaintiffs in a class action claim. Bitconnect used multilevel marketing to boost operations and several Bitconnect… Read More

July 14, 2018 @ 1:06 pm By Cali Haan  |  

The grand jury indictment filed in Washington Friday by the Mueller team claims multiple units of Russian spies used bitcoins in, “large-scale cyber operations to interfere with the 2016 U.S. presidential election.” Although cybersecurity experts recently warned the US Senate Subcommittee on Crime and Terrorism… Read More

July 13, 2018 @ 6:07 pm By JD Alois  |  

The Subcommittee on Monetary Policy and Trade, part of the House Financial Services Committee, has updated the information on the forthcoming hearing entitled “The Future of Money: Digital Currency.” The Hearing, which will be live streamed on the Committee web site, will include the following… Read More

July 12, 2018 @ 4:33 pm By JD Alois  |  

The House Financial Services Committee, Subcommittee on Monetary Policy and Trade has scheduled a hearing entitled “The Future of Money: Digital Currency”. The hearing will take place on Wednesday, July 18, 2018 2:00 PM. There is no additional information at this time as to who… Read More

July 12, 2018 @ 4:00 pm By Samantha Hurst  |  

Banking giant Citi announced on Thursday its Treasury and Trade Solutions has entered into a strategic partnership with HighRadius, a software company specializing in cloud-based integrated receivables, to launch Citi Smart Match. The new partnership follows a strategic investment made by Citi Ventures in HighRadius earlier… Read More

July 11, 2018 @ 6:08 pm By JD Alois  |  

Recently, the Financial Industry Regulatory Authority (FINRA) – the self regulatory organization (SRO) that oversees broker dealers and other financial firms – issued a “Regulatory Notice” on digital assets. Digital assets, as defined by FINRA, include just about anything associated with blockchain including digital assets that… Read More