Politics, Legal & Regulation

October 16, 2026 @ 10:34 am By Omar Faridi  |  

US District Judge Alvin K. Hellerstein of the Southern District of New York (SDNY denied a joint motion by the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company LLC seeking to vacate a consent order entered on January 6, 2025. The order resolved a 2022… Read More

October 16, 2026 @ 6:11 am By FCA  |  

This post was originally published on fca.org.uk  The FCA has reviewed its regulatory action against individuals whose convictions have recently been overturned by the Court of Appeal. As these convictions formed the basis on which the FCA took its action, we have revoked the bans… Read More

October 15, 2026 @ 5:22 pm By JD Alois  |  

Debanking, or denying access to financial services, is a nefarious activity that was far too prevalent during the prior administration. Numerous reports indicated that individuals and entities were denied services because of their political leanings or business operations deemed unsavory. Crypto or digital asset firms… Read More

October 15, 2026 @ 2:01 pm By FCA  |  

This post was originally published on fca.org.uk  Costs associated with distributing money and assets back to clients, including the special administrators’ fees, may be deducted from the client money or assets if there are insufficient funds to pay for their return. The Financial Services Compensation… Read More

October 15, 2026 @ 1:00 pm By FCA  |  

This post was originally published on fca.org.uk  If you are approached by a company offering to help you recover your money, you should proceed with caution.  For most of the firm’s clients, there will be no benefit in involving a third party in making a… Read More

October 15, 2026 @ 8:40 am By JD Alois  |  

White House crypto lead Patrick Witt has announced he is leaving the Trump Administration. In a post on X, Witt said serving the Trump Administration has been the “privilege of a lifetime.” “First and foremost, I want to thank [President Donald Trump] for the opportunity… Read More

October 15, 2026 @ 1:27 am By Omar Faridi  |  

US authorities on Tuesday levied more than $1.21 billion in penalties against Bank of America (NYSE: BAC) for violations of anti-money laundering and sanctions requirements covering activity from 2018 through July 2025. The actions, coordinated among the Financial Crimes Enforcement Network, the Office of the… Read More

October 14, 2026 @ 10:15 pm By Omar Faridi  |  

Federal prosecutors in the Eastern District of New York have charged a dual US and Israeli citizen who operated a Florida-based ransomware recovery firm with wire fraud, alleging he misled clients by promising specialized decryption capabilities while quietly paying off the same cybercriminals who had… Read More

October 14, 2026 @ 12:00 pm By Press Release  |  

This post was originally published on OCC.gov Meets with Impacted Kentucky Coal and Firearm Industry Representatives WASHINGTON—Comptroller of the Currency Jonathan V. Gould today discussed findings of the Office of the Comptroller of the Currency’s newly-released report on large banks’ debanking activities during a press… Read More

October 14, 2026 @ 8:53 am By JD Alois  |  

CI has received commentary on the advancement of tokenization, or digital securities, as jurisdictions pursue bespoke rules to support tokenized assets and more private firms strive to enable and support them. Brikken CEO Edwin Mata says the tokenization movement is in a more demanding phase…. Read More

October 14, 2026 @ 7:15 am By Press Release  |  

This post was originally published on OCC.gov WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a report of its findings from its supervisory review of debanking activities at the nine largest national banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank,… Read More

October 13, 2026 @ 10:56 pm By Omar Faridi  |  

South Korea’s digital asset sector is seeing two contrasting developments in quick succession. On one side, a regulated bank has launched the country’s first won-denominated loans secured by bitcoin for corporate borrowers. On the other, financial authorities have expanded restrictions on unregistered virtual asset service… Read More

October 13, 2026 @ 9:38 pm By Omar Faridi  |  

San Francisco-based fintech Upgrade has moved to secure its own banking platform by filing applications for a Nevada industrial loan company charter. The Fintech-focused company submitted the paperwork on October 12, 2026, to both the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation, seeking… Read More

October 13, 2026 @ 9:30 pm By Press Release  |  

This post was originally published on sec.gov.

October 13, 2026 @ 9:30 pm By Press Release  |  

This post was originally published on sec.gov.

October 13, 2026 @ 5:00 pm By Omar Faridi  |  

House Financial Services Committee Chairman French Hill has argued that recent efforts by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to craft digital-asset rules fall short of the lasting framework only Congress can deliver. After the Senate blocked the CLARITY… Read More

October 13, 2026 @ 4:15 pm By Press Release  |  

This post was originally published on OCC.gov WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $750 million civil money penalty against Bank of America, N.A. (bank), for violations of the Bank Secrecy Act and its implementing regulations, including 12 CFR 21.21… Read More

October 13, 2026 @ 4:15 pm By Press Release  |  

This post was originally published on OCC.gov WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $750 million civil money penalty against Bank of America, N.A. (bank), for violations of the Bank Secrecy Act and its implementing regulations, including 12 CFR 21.21… Read More

October 13, 2026 @ 1:25 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) and the National Crime Agency have partnered to arrest several individuals allegedly linked to insider trading violations. According to an FCA statement, authorities arrested 3 individuals and searched five homes. The enforcement action saw officers seize 30 mobile phones,… Read More

October 13, 2026 @ 10:34 am By FCA  |  

This post was originally published on fca.org.uk  On 13 October, 3 individuals were arrested following a joint operation by the FCA and the National Crime Agency (NCA). More than 100 FCA and NCA staff took part in searches at 5 residential premises in London and… Read More