Politics, Legal & Regulation

March 7, 2025 @ 1:27 pm By JD Alois  |  

Crypto executives and insiders are meeting today at the White House. The first-ever Crypto Summit, led by AI and Crypto Czar David Sacks, will establish a path for the US to lead the way in digital asset innovation. The Summit follows the Executive Order signed by President… Read More

March 7, 2025 @ 11:48 am By JD Alois  |  

Representative French Hill, Chairman of the House Financial Services Committee, has issued a statement on the creation of a Strategic Bitcoin Reserve and Digital Asset Stockpile. These two vehicles were announced yesterday in an Executive Order signed by President Donald Trump in the run up… Read More

March 7, 2025 @ 9:45 am By JD Alois  |  

Today, a group of crypto-related executives and insiders are meeting at the White House to discuss the future of digital assets. Fox News shared a list of the individuals invited to the summit. These include mostly CEOs from top digital asset firms: Gemini Ripple Anchorage… Read More

March 7, 2025 @ 9:10 am By Omar Faridi  |  

Superstate is pleased to announce that they have now officially registered Superstate Services LLC, their transfer agent, with the U.S. Securities and Exchange Commission (SEC). Superstate says that it is laser-focused on its mission to “modernize finance through blockchain technology.” This step further advances tokenized… Read More

March 6, 2025 @ 6:20 pm By JD Alois  |  

While some countries are hurtling towards issuing a Central Bank Digital Currency (CBDC) it does not appear the US will do the same. Fears of excessive government control and the lure of snooping by the Feds means privacy concerns are trumping any movement for the… Read More

March 6, 2025 @ 4:09 pm By JD Alois  |  

NASAA [North American Securities Administrators Association] has once again published their annual report on top investor reports for they year. NASAA is the association that advocates on behalf of all state and provincial financial regulators. The list of threats was developed by surveying state and… Read More

March 6, 2025 @ 3:00 pm By JD Alois  |  

ICAN [Investors Choice Advocate Network], a legal advocacy group supporting smaller firms and individuals targeted by the Securities and Exchange Commission, says it has won another case as the courts have dismissed the PulseChain case. In 2023, the SEC filed charges against Richard Heart [aka… Read More

March 6, 2025 @ 10:10 am By Omar Faridi  |  

On March 4, 2025, the U.S. Senate voted 70-27 to repeal an IRS rule that would have potentially imposed very stringent reporting requirements on decentralized finance (DeFi) platforms, categorizing them as “brokers” under existing US tax laws. This decision, driven by a bipartisan coalition and… Read More

March 5, 2025 @ 3:07 pm By Omar Faridi  |  

In a significant shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo—along with Zelle’s operator, Early Warning Services. The case, which alleged that these institutions failed… Read More

March 5, 2025 @ 3:06 pm By Omar Faridi  |  

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Iran-based Behrouz Parsarad, the sole administrator of Nemesis, an online darknet marketplace, which was subject of an international law enforcement operation and “was taken down in 2024.” Prior to its takedown by… Read More

March 5, 2025 @ 11:49 am By JD Alois  |  

The SEC’s Investor Advisory Committee (IAC) will hold a meeting on March 6, 2025 to discuss several topics including retail fraud and Artificial Intelligence’s (AI) impact on operations. The first panel is as follows: Disclosure of Artificial Intelligence’s Impact on Operations AI poses a variety of… Read More

March 5, 2025 @ 11:43 am By JD Alois  |  

The EU has launched a new “first of its kind” program designed to help female entrepreneurs. The European Investment Bank (EIB) and the European Commission have started an initiative that aims to help EU commercial banks improve access to finance for women-owned and women-led SMEs… Read More

March 5, 2025 @ 10:24 am By JD Alois  |  

MiCA, or Markets in Crypto Assets, is a regulatory ecosystem created by the European Union. The rules provide guidance for most digital assets with the exception of digital securities. Eunice AI has announced a  MiCA whitepaper library to facilitate compliance for digital asset firms interested in… Read More

March 5, 2025 @ 8:42 am By Omar Faridi  |  

The Bank of Israel released its preliminary design for the Digital Shekel System and sees public feedback. At the end of 2024, the digital shekel project reached a major milestone with the completion of a high-level design for the DS. The design document is being… Read More

March 5, 2025 @ 8:19 am By Omar Faridi  |  

President Donald Trump’s recent proposal to integrate various altcoins—such as XRP, Solana (SOL), Cardano (ADA), and Ethereum (ETH)—into a national cryptocurrency strategic reserve has ignited a firestorm of debate within the crypto industry. One of the key takeaways from this is that at least it… Read More

March 4, 2025 @ 7:43 pm By Omar Faridi  |  

This past Thursday, the Consumer Financial Protection Bureau (CFPB) dismissed a significant lawsuit against Capital One and its parent company, Capital One Financial Corp, originally filed on January 14, 2025. The suit, launched just days before President Donald Trump’s inauguration, accused Capital One of depriving… Read More

March 4, 2025 @ 2:46 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) says the suspension of the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) mandate is a massive win for smaller firms. The CTA was aggressively pursued during the Biden Adminstration, placing an unrealistic burden on smaller firms. Yesterday, Secretary of… Read More

March 3, 2025 @ 9:05 pm By JD Alois  |  

The SEC Crypto Task Force has scheduled the first of what is expected to be a series of Roundtables. The first gathering will address the topic of when a digital asset is a security and when it is something else. The Series is labeled “Spring… Read More

March 3, 2025 @ 5:34 pm By JD Alois  |  

The newly announced SEC Crypto Task Force has provided an update on the staff engaged with aiding the process of providing regulatory clarity for digital assets. In a release today, the SEC outlined the Crypto Task Force staff members. The group is being helmed by Commissioner Hester Peirce, who… Read More

March 3, 2025 @ 1:34 pm By Omar Faridi  |  

BaFin has shared an update titled “Risks in Focus 2025” and it notes that climate change, geopolitics and a weak economy could “put pressure on Germany’s financial system.” BaFin noted on its official website that natural disasters made more likely by climate change, international tensions… Read More