Politics, Legal & Regulation

August 20, 2025 @ 9:44 pm By Omar Faridi  |  

Linqto Inc., a once-promising startup that facilitated investments in private companies, has received court approval to liquidate valuable stakes in hard-to-access private firms to fund its ongoing bankruptcy proceedings. As first reported by Bloomberg, the decision comes as the company navigates financial distress and a… Read More

August 20, 2025 @ 8:20 am By Omar Faridi  |  

A significant regulatory update approved by Brazil’s National Monetary Council (CMN) took effect, allowing a single property to be used as collateral in multiple credit transactions. This measure, outlined in CMN Resolution No. 5,197 builds on provisions introduced by Law No. 14,711 and aims to… Read More

August 19, 2025 @ 2:45 pm By JD Alois  |  

In the summer of 2022, NFT (non-fungible token) platform OpenSea saw a former employee charged with pursuing a digital asset insider trading ploy. The former Product Manager was arrested and charged with wire fraud and money laundering. As outlined by the US Department of Justice,… Read More

August 19, 2025 @ 12:00 pm By Nick Morgan  |  

In an era defined by distrust in traditional institutions, the economic scoreboard Americans rely on—government-issued statistics like the Consumer Price Index (CPI) and Producer Price Index (PPI)—is under growing scrutiny. With inflation impacting everything from grocery bills to mortgage rates, the accuracy and timeliness of… Read More

August 19, 2025 @ 9:33 am By Omar Faridi  |  

The Digital Currency Group (DCG) has initiated legal action against its subsidiary, Genesis Global Capital LLC, in a dispute centered on a $1.1 billion promissory note issued during the crypto market turmoil of 2022. The lawsuit, filed on Thursday in the U.S. Bankruptcy Court for… Read More

August 19, 2025 @ 1:09 am By JD Alois  |  

The European ERC-3643 Association, a group that advocates on behalf of pursuing a standard for real-world asset tokenization, has visited with the Securities and Exchange Commission (SEC) to discuss this very topic. ERC 3643 is an Ethereum-based protocol standard for creating and managing permissioned tokens… Read More

August 18, 2025 @ 3:05 pm By JD Alois  |  

The U.S. Department of the Treasury has initiated a request for comments on stablecoins. The initiative is mandated under the GENIUS Act, which was recently signed into law. The GENIUS Act outlines the process to establish regulations for payment stablecoins. The regulatory framework will provide a federal… Read More

August 18, 2025 @ 8:32 am By Omar Faridi  |  

The U.S. Supreme Court’s decision to uphold the IRS’s access to Coinbase (NASDAQ: COIN) user data without a warrant marks a pivotal moment for crypto. While technically a procedural case, it carries bigger implications: in an industry built on decentralization and individual autonomy, user privacy is… Read More

August 18, 2025 @ 8:25 am By Omar Faridi  |  

TaxBit noted that this past month, the Organization for Economic Co-operation and Development (OECD) released updated guidelines for its Crypto-Asset Reporting Framework (CARF), delivering clarifications for crypto / digital assets platforms navigating the global compliance environment. These updates address ambiguities in decentralized finance (DeFi), non-fungible… Read More

August 18, 2025 @ 1:14 am By Omar Faridi  |  

The European Central Bank (ECB) has released three insightful working papers in 2025, shedding light on critical aspects of monetary policy, inflation dynamics, and financial stability. These set of ECB Working Papers aim to offer contributions to economic research, providing policymakers, academics, and financial institutions… Read More

August 17, 2025 @ 4:05 pm By Michael Wong  |  

The US Department of the Treasury launched a public comment period seeking input on innovative technologies that financial institutions could use to detect illicit activity involving digital assets, including artificial intelligence and blockchain monitoring tools. The request fulfills requirements under the GENIUS Act, the stablecoin legislation… Read More

August 16, 2025 @ 10:21 am By Omar Faridi  |  

In a recent appearance on Mornings with Maria, Securities and Exchange Commission (SEC) Chair Paul Atkins voiced strong support for President Trump’s executive order aimed at broadening investment opportunities for 401(k) retirement plans by including cryptocurrencies and private equity. Atkins emphasized that this policy shift… Read More

August 15, 2025 @ 5:29 pm By JD Alois  |  

DealMaker, a leading platform supporting online capital formation, recently met with the Securities and Exchange Commission (SEC) to discuss crypto. DealMaker is a tech-infused broker-dealer that enables issuers to raise funds under Reg D, Reg CF, and Reg A. DealMaker has facilitated several billion in… Read More

August 15, 2025 @ 2:54 pm By JD Alois  |  

Big banks are quivering in their boots as a push for more defined rules for Open Banking may enable more competition from innovative financial services firms. Several banks have announced that they will charge fees for data gleaned from their operations and leveraged by many… Read More

August 15, 2025 @ 9:00 am By JD Alois  |  

Recently, the UK government announced plans to tackle rampant ransomware, proposing a solution that bans certain entities from paying the perpetrators. Ransomware costs the UK economy millions of pounds each year due to cyber extortionists. According to Chainalysis, the total value of payments made to… Read More

August 14, 2025 @ 3:13 pm By Omar Faridi  |  

New York Attorney General Letitia James sued Early Warning Services, LLC (EWS), a company owned and controlled by a group of the largest banks in the United States that was tasked with developing and operating the electronic payment platform Zelle, for failing to protect its users… Read More

August 14, 2025 @ 11:50 am By JD Alois  |  

Garantex Europe OU, a crypto exchange based in Russia (originally registered in Estonia), has been sanctioned by the US Department of the Treasury. The sanctions were applied due to claims that Garantex was aiding criminals and sanction evasion. The crypto exchange is said to have… Read More

August 14, 2025 @ 9:15 am By JD Alois  |  

Open banking (or Open Finance) is a global concept that states financial data generated by users should be transferable if the customer or business approves. In other words, the user owns the data and not the bank. In the UK, this is mandated, making it… Read More

August 13, 2025 @ 12:51 pm By JD Alois  |  

Debanking, or compelling financial services firms to close accounts due to allegations of disfavored associations such as political affiliations, is hopefully at an end. During the Biden Administration, there were too many reports of individuals and businesses finding their banks had decided to shutter their… Read More

August 13, 2025 @ 8:04 am By Omar Faridi  |  

Kraken is now live in all 30 countries of the European Economic Area (EEA) under our Markets in Crypto-Assets Regulation (MiCA) license – a significant milestone that “expands their secure, compliant crypto offering to millions of people across Europe.” All EEA clients are now directly… Read More