Politics, Legal & Regulation

January 13, 2025 @ 8:49 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced a default judgment regarding the case of Mosaic Exchange Ltd. and its owner and Chief Executive Officer Sean Michael, of Miami, Florida. The CFTC initiated the enforcement action alleging a fraudulent digital asset commodity scheme. The order is based on a… Read More

January 13, 2025 @ 12:03 pm By JD Alois  |  

Buy Now, Pay Later (BNPL) has emerged as a popular type of credit which may be less expensive than traditional credit cards. Today, it is very common for BNPL services to be made available at the point of sale, thus helping to ensure a shopping… Read More

January 13, 2025 @ 11:52 am By JD Alois  |  

Senator Tim Scott, the new Chairman of the Senate Banking Committee, has issued a statement on Paul Atkins, the individual selected by President-elect Trump to lead the Securities and Exchange Commission. Atkins, if approved by the Senate, will replace the unpopular SEC Chair Gary Gensler…. Read More

January 13, 2025 @ 10:31 am By JD Alois  |  

The House Financial Services Committee has released leadership positions for the Committee, including Subcommittee Chairs. Following the exit of the past Chair, Patrick McHenry, Representative French Hill has taken over the leadership of the powerful Committee, which is expected to pursue legislation that supports innovation… Read More

January 12, 2025 @ 8:14 pm By Michael Wong  |  

The Central Bank of Ireland has launched its first “innovation sandbox programme,” introducing seven private-sector ventures focused on tackling financial crime. The initiative provides a controlled environment for testing new technologies, enhancing collaboration between the central bank and the fintech sector, and advancing solutions to… Read More

January 11, 2025 @ 11:21 am By Tony Zerucha  |  

This week, the Independent Community Bankers of America (ICBA) unveiled its new “Repair, Reform, and Thrive” plan for the 119th Congress and the incoming Trump administration to address what it said are “the nation’s broken banking regulations and kickstart economic growth in local communities.” The… Read More

January 11, 2025 @ 11:07 am By Michael Wong  |  

The US Senate Banking Committee is reported set to establish its inaugural subcommittee focused on digital assets, marking a significant move just days after Republicans assumed control of the Senate following recent elections. According to reports, this initiative aligns with President-elect Donald Trump’s vision of… Read More

January 9, 2025 @ 8:22 am By Omar Faridi  |  

Recent legislative changes mean Danish private limited companies (ApS) can now fundraise on Republic Europe, opening up investment opportunities for all. For the “first time” in history, Danish ApS companies (Anpartsselskaber) can tap into the power of community fundraising to fuel their growth. A noteworthy… Read More

January 8, 2025 @ 12:06 pm By JD Alois  |  

EuroCrowd, a pan-European association advocating on behalf of online capital formation in the EU, sees investment crowdfunding as playing a key role in supporting the EU’s capital markets objectives. The key aspect to creating the European Union was the free movement of goods and services,… Read More

January 8, 2025 @ 11:51 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has sued Experian (LSE:EXP) – a firm best known for its credit reports. The CFPB claims that Experien “does not take sufficient steps to intake, process, investigate, and notify consumers about consumer disputes, resulting in incorrect information on consumer… Read More

January 7, 2025 @ 11:36 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued final rules blocking medical bills from being included in credit reports. The CFPB estimates that this action will remove $49 billion from credit reports, impacting approximately 15 million individuals. The CFPB says the rule will increase privacy… Read More

January 6, 2025 @ 9:00 pm By Omar Faridi  |  

Failed crypto exchange FTX’s payment plan is now effective. As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned within the next 60 calendar days. The latest reorganization plan for failed crypto-assets… Read More

January 6, 2025 @ 12:59 pm By Omar Faridi  |  

​The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds. Entities interested to apply are encouraged to register and submit their requests in order to participate in… Read More

January 6, 2025 @ 10:25 am By JD Alois  |  

With the change in government, there is great excitement that innovation and entrepreneurship will now garner the attention it dearly needs. Fintech, or innovation in financial services, is one area of the economy that suffered during the Biden Administration. As both houses of Congress are… Read More

January 5, 2025 @ 6:46 pm By Omar Faridi  |  

Digital assets exchange Coinbase (NASDAQ:COIN) has acquired a license to provide derivatives in European markets via the recently announced acquisition of Bux‘s Cyprus division. Digital currency exchange Coinbase confirmed that it has now acquired a  license as part of its plans for European business expansion… Read More

January 4, 2025 @ 12:39 pm By Omar Faridi  |  

Coinbase‘s (NASDAQ:COIN) 2025 Crypto Market Outlook provides key insights focused on the web3 and blockhain ecosystem. The Outlook provides investors with deep dives that span the crypto space, from altcoins to ETFs, staking to gaming, and other important developments. As noted by Coinbase, the following… Read More

January 4, 2025 @ 10:06 am By JD Alois  |  

Several days ago, the US Internal Revenue Service (IRS) issued a statement providing temporary relief on crypto cost-basis reporting rules. While a good thing for digital asset investors, the change is only until December 31, 2025. There has been much jostling between policymakers as to… Read More

January 4, 2025 @ 9:45 am By Omar Faridi  |  

At Gemini, they believe that the EU’s cryptocurrency ecosystem should incorporate essential guardrails and transparency to shield users from financial crimes and fraud. Their commitment to regulatory compliance is steadfast, and they see adhering to the EU’s Travel Rule as a “critical step forward in… Read More

January 4, 2025 @ 7:42 am By Omar Faridi  |  

Imrich (Imo) Bábics, Chief Growth Officer at Relai, noted last week the company added 13 BTC to their balance sheet, bringing the total Bitcoin holdings in our corporate treasury to 30 BTC. Bábics has shared why they are doing this. He claims that it is… Read More

January 3, 2025 @ 4:50 pm By Omar Faridi  |  

BitStaete Asset Management has reportedly obtained its MiCA License as a crypto-assets manager. As of December 30, 2024, all crypto service providers must comply with the European Markets in Crypto-Assets regulation (MiCA). MiCA are EU rules that regulate all digital assets except crypto deemed to… Read More