Politics, Legal & Regulation

October 17, 2024 @ 8:44 am By JD Alois  |  

The European Central Bank (ECB) has lowered benchmark rates by 25 basis points. The move was widely anticipated as the central bank adjusts to the changing economic environment. The consensus was driven by recent inflation data that drove a shift in opinion from market watchers…. Read More

October 16, 2024 @ 11:36 am By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee Meeting (SBCFAC) has scheduled its next meeting for November 13th. While no agenda has been made available, one probable topic is the recent publication of the SEC’s Small Business Forum Report. The recommendations provided to the Commission… Read More

October 16, 2024 @ 11:07 am By JD Alois  |  

At the end of this month (October 30), the Labour government will reveal its economic plan during the Autumn Budget presented to Parliament. The Chancellor of the Exchequer, Rachel Reeves, who has been in charge since this past July, will share how Labour will address… Read More

October 16, 2024 @ 7:27 am By Omar Faridi  |  

The European Securities and Markets Authority (ESMA) noted that the DLT Pilot Regime has started applying in the European Union (EU) as of 23 March 2023. ESMA explained in an update that it provides the legal framework for trading and settlement of transactions in crypto-assets… Read More

October 15, 2024 @ 6:03 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) recently shared an update on smaller firms and their concerns regarding policies that impact these businesses. The SBE Council reports that smaller firms are worried about the looming expiration of the Tax Cuts and Jobs Act (TCJA)… Read More

October 15, 2024 @ 11:34 am By JD Alois  |  

Yesterday during the UK International Investment Summit, the government announced multiple new investments as well as new initiatives. The British Business Bank, a public-private vehicle designed to support UK firms, commented on some of the announcements. Louis Taylor, CEO of the British Business Bank, said… Read More

October 15, 2024 @ 10:18 am By JD Alois  |  

Late last month, Senator Tim Scott, the ranking Member of the Senate Banking Committee, introduced new legislation that aims to support smaller businesses and entrepreneurs while providing smaller investors with access to more opportunities. The Empowering Main Street in America Act of 2024 seeks to improve access… Read More

October 15, 2024 @ 9:11 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10.9 million over the “treatment” of customers in financial difficulty. The FCA leveled the penalty on the bank for allegedly failing to ensure customers in arrears were “treated fairly.” The FCA further noted that… Read More

October 14, 2024 @ 7:57 pm By Omar Faridi  |  

Crypto-focused firms have reportedly racked up as much as $32 billion in US regulator settlements, according to an update from CoinGecko. The research report from CoinGecko noted that the top crypto enforcement action carried out by US regulators has been primarily against bankrupt crypto exchange… Read More

October 14, 2024 @ 1:22 pm By Omar Faridi  |  

TD Bank Group (NYSE: TD) announced that, following “several years” of active cooperation and engagement with authorities and regulators, it has reached a “resolution” of previously disclosed investigations related to its U.S. Bank Secrecy Act (BSA) as well as the Anti-Money Laundering (AML) compliance programs…. Read More

October 14, 2024 @ 12:40 pm By Omar Faridi  |  

Less than a month before the presidential elections in the United States take place, next Tuesday, November 5, both candidates (former US President Donald Trump and Kamala Harris) have made statements about the crypto industry and the future of Bitcoin. According to an update from… Read More

October 14, 2024 @ 9:13 am By JD Alois  |  

Stating that the UK International Investment Summit is looking like a “publicity stunt, “Douglas Grant, Group CEO of Manx Financial Group, said they welcome the gathering but it raises some concerns. The event is arriving several weeks before the Labour government’s budget reveal which are… Read More

October 12, 2024 @ 7:53 am By Omar Faridi  |  

Profitability of Germany’s small and medium-sized banks and savings banks (less significant institutions, or LSIs) improved considerably in 2023. This, according to an extensive update from BaFin. BaFin noted in a recent report that institutions in Germany have achieved stronger earnings during the period of… Read More

October 11, 2024 @ 1:44 pm By JD Alois  |  

Crypto enforcement actions issued by the Securities and Exchange Commission (SEC) continue at pace, as the Commission has filed charges against Chicago-based Cumberland DRW LLC. The SEC has charged Cumberland with operating as an unregistered dealer in more than $2 billion of crypto assets offered… Read More

October 10, 2024 @ 9:00 am By Nick Morgan  |  

“… broadening the accredited investor pool could help minority founders who may not have wealthy networks but could benefit from smaller investments from a more extensive base of contributors.” In a recent episode of Capital Ideas, hosts Nick Morgan and Dara Albright welcomed Jasmin Sethi,… Read More

October 9, 2024 @ 9:00 am By Omar Faridi  |  

Crypto.com has filed suit against the Securities and Exchange Commission (SEC). The legal move follows the receipt of a Wells Notice, which indicates that SEC staff are recommending an enforcement action against the firm. Multiple crypto focused firms have been sued or are in receipt… Read More

October 7, 2024 @ 7:03 pm By Omar Faridi  |  

Many people seemed surprised recently to hear that the UAE had apparently eliminated taxes on crypto, but it has now been clarified that this is not actually the case after all. Here’s the reality of the situation, according to crypto / digital assets industry focused… Read More

October 7, 2024 @ 12:59 pm By Omar Faridi  |  

Ryan Lee, Chief Analyst at Bitget Research recently explained that Bitcoin (BTC), the flagship cryptocurrency, has grown steadily to become a major global asset, one whose market cap is impacted significantly by global events. For instance, Ryan Lee of Bitget Research, noted that the ongoing… Read More

October 7, 2024 @ 12:12 pm By Omar Faridi  |  

Coinbase Global Inc. (NASDAQ:COIN) will reportedly delist all “unauthorized” stablecoins from its digital assets exchange in the European Economic Area by the end of this year. This could be a potential setback for digital tokens such as Tether’s USDT. As widely reported, the European Union… Read More

October 7, 2024 @ 10:11 am By Omar Faridi  |  

With the Payment Systems Regulator‘s (PSR) new Authorized Push Payments (APP) rules coming into effect, Riccardo Tordera, director of policy and government relations at The Payments Association said that they will be monitoring the overall / anticipated impact of the latest APP fraud rules closely… Read More