Politics, Legal & Regulation

August 12, 2025 @ 10:29 pm By JD Alois  |  

Earlier today, inflation numbers were released, and the rate of increase landed about where expected. The CPI increased by 2.7% in July on an annual basis. The core CPI, removing food and energy, was a bit hotter at 3.1% in July 2025 from July 2024…. Read More

August 12, 2025 @ 2:47 pm By JD Alois  |  

How things have changed at the Securities and Exchange Commission (SEC). During the last administration, digital assets were vilified to an extreme. While telling crypto innovators to come in and chat, the offer was viewed as more of a trap. Some in the cryptosphere simply… Read More

August 12, 2025 @ 8:03 am By JD Alois  |  

The UK government is claiming that Amazon is in breach of its “no delay in payments” rule, harming its UK-based vendors. In the UK, it is recognized that delayed payments to vendors can impact a company’s performance, especially for smaller firms. The Groceries Code Adjudicator… Read More

August 11, 2025 @ 9:28 pm By Omar Faridi  |  

Terraform Labs founder Do Kwon is reportedly moving toward entering a guilty plea in a $40 billion criminal fraud case, according to a statement from a Manhattan federal judge on Monday. The announcement, made ahead of a trial scheduled for 2026, follows weeks of negotiations… Read More

August 11, 2025 @ 9:22 pm By Omar Faridi  |  

Paxos, a regulated blockchain infrastructure and tokenization platform, announced that it has filed an application to convert its New York Department of Financial Services (NYDFS) trust charter into a national trust charter under the supervision of the Office of the Comptroller of the Currency (OCC)…. Read More

August 11, 2025 @ 5:10 pm By Michael Wong  |  

El Salvador’s Legislative Assembly has approved comprehensive Investment Banking Law legislation establishing specialized financial institutions for high-net-worth and institutional clients. The measure passed with 55 votes during the assembly’s 68th plenary session. The law creates a regulatory framework for investment banks offering asset management, financial… Read More

August 11, 2025 @ 9:14 am By JD Alois  |  

Republic, the largest online capital formation platform in the world, has recently introduced a new product for investors. “Mirror Tokens” are digital assets that provide access for smaller investors to participate in private securities that are typically inaccessible to them. The Mirror Tokens pair with… Read More

August 10, 2025 @ 5:37 pm By Omar Faridi  |  

In collaboration with the Digital Asset Development Research Center and FinTech Center of Institute for Information Industry, Regtech company Sumsub took a closer look at Taiwan’s proposed Virtual Assets Service Act and anti-fraud legislations, supporting global-standard compliance across APAC. Sumsub recently joined the Digital Asset… Read More

August 9, 2025 @ 10:33 am By Omar Faridi  |  

New York State Department of Financial Services Superintendent Adrienne A. Harris announced that Paxos Trust Company will pay a $26.5 million penalty to New York State for the alleged ‘failure to conduct sufficient due diligence of its former partner, Binance, and systemic failures in Paxos’s… Read More

August 9, 2025 @ 10:05 am By Tony Zerucha  |  

From the SEC’s comments on liquid staking to the CFTC spotlighting spot crypto trading on registered exchanges and Trump’s rate cut call, Web3 was busy talking about government affairs this week. And what would a week be without some AI talk? SEC comments on liquid… Read More

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

President Donald Trump signed an Executive Order yesterday that approved alternative assets for individuals holding 401(k) retirement accounts and other defined contribution plans. The decline of defined benefit plans by employers has led to an explosion of 401(k) plans, which are typically offered by employers… Read More

August 8, 2025 @ 9:13 am By Omar Faridi  |  

This past year, the Malta Financial Services Authority (MFSA) demonstrated its commitment to maintaining a transparent financial services sector through a significant increase in enforcement actions and the release of a position paper on the tokenisation of Collective Investment Schemes (CIS). These developments underscore Malta’s… Read More

August 8, 2025 @ 9:12 am By Omar Faridi  |  

In a landmark development for the cryptocurrency industry, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have mutually agreed to drop their appeals in a high-profile legal battle that began in 2020. The decision, finalized on August 7, 2025, marks the end of… Read More

August 7, 2025 @ 6:46 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) has been actively combating fraudulent schemes that exploit vulnerable consumers, as highlighted by three recent announcements. These updates underscore a troubling rise in impersonation scams, a permanent ban on an e-commerce business opportunity scheme, and refunds for victims of a… Read More

August 7, 2025 @ 12:09 pm By JD Alois  |  

As was previously reported, President Donald Trump is expected to issue an Executive Order allowing savers to include private equity and other alternative assets in 401(k) retirement accounts. It is now anticipated that this EO will be signed and posted today. By allowing the booming… Read More

August 7, 2025 @ 11:25 am By Omar Faridi  |  

Changpeng Zhao, the founder of Binance and a prominent figure in the cryptocurrency industry, is seeking to have a $1.76 billion lawsuit filed by the FTX trust thrown out, arguing that the claims lack merit and the U.S. court has no authority over the matter…. Read More

August 7, 2025 @ 9:04 am By JD Alois  |  

The Bank of England has cut its benchmark interest rate by 25 basis points to 4%. The vote was tight at 5 for and 4 against, with one member, Alan Taylor, preferring to reduce Bank Rate by 50 bps points, to 3.75%. Markets had anticipated… Read More

August 6, 2025 @ 3:46 pm By Omar Faridi  |  

In a new development for the digital banking industry, the Federal Deposit Insurance Corporation (FDIC) has issued new guidance that embraces the use of pre-filled customer data for Customer Identification Program (CIP) requirements, marking a shift in regulatory policy. This change, reportedly influenced by advocacy… Read More

August 6, 2025 @ 3:38 pm By JD Alois  |  

Earlier this year, FINRA announced a consultation on how it could improve capital formation. FINRA is a key self-regulatory organization (SRO) that has oversight over the large broker-dealer industry. The agency has received some criticism in recent years for being too heavy-handed and opaque, with… Read More

August 6, 2025 @ 9:36 am By JD Alois  |  

Several years ago, the European Union enacted harmonized securities crowdfunding rules aimed at removing existing barriers to online capital formation. While heralded at the time, the reality of the new regulations has revealed a disparity among member states in their compliance with the rules. In… Read More