Politics, Legal & Regulation

October 6, 2024 @ 6:21 pm By Omar Faridi  |  

In the second edition of “Stablecoin Policy 101,” digital assets firm Paxos take a careful look at the landscape for stablecoin regulation in the United States, examining state versus federal regulation of stablecoin issuers as well as the overall impact each regulatory pathway has on… Read More

October 5, 2024 @ 6:18 pm By Omar Faridi  |  

In a move signaling alignment with US regulatory actions, the UK’s Financial Conduct Authority (FCA) is preparing to survey City firms to scrutinize their use of encrypted messaging services such as WhatsApp. Regtech firm SteelEye has shared informative insights to help industry participants with gaining… Read More

October 5, 2024 @ 10:24 am By JD Alois  |  

Recently, the annual report distilled from the SEC’s Small Business Forum was published. Once again, it outlined a series of requests for policymakers to enact to support smaller firms. The SEC’s Office of the Advocate for Small Business Capital Formation led the forum. It is… Read More

October 5, 2024 @ 8:52 am By Omar Faridi  |  

Half of all US voters support “pro-crypto” policies according to a research report released by ConsenSys. Consensys, and global market research and data analytics technology group, HarrisX, unveiled a research study on US voters’ views on the current blockchain and crypto landscape as it “relates… Read More

October 3, 2024 @ 10:57 pm By Omar Faridi  |  

Starling Bank confirms that it fully accepts the findings set out in the Final Notice published today by the Financial Conduct Authority (FCA). This reportedly resolves the investigation referred to in Starling Bank’s annual report in June 2024. Starling notes in a release that it… Read More

October 3, 2024 @ 12:45 pm By JD Alois  |  

The European Union has a series of “Commissioners” who are responsible for crafting proposals for EU legislation while implementing the policies of the European Parliament and the EU Council. Each Commissioner is designated a portfolio of responsibilities. Last month, for the first time, the EU… Read More

October 2, 2024 @ 8:01 pm By JD Alois  |  

Cboe BZX Exchange has submitted a rule change request with the Securities and Exchange Commission (SEC) to allow it to trade shares of the Franklin Crypto Index ETF. The notice has been published to solicit feedback from interested parties. The document explains that the Fund’s… Read More

October 2, 2024 @ 3:22 pm By JD Alois  |  

Gurbir S. Grewal, the SEC Director of Enforcement, is exiting the agency, according to the SEC. Sanjay Wadhwa, currently the Deputy Director of Enforcement, will step in as acting Director in the interim. Wadhwa joined the SEC as a staff attorney in Enforcement in 2003…. Read More

October 2, 2024 @ 10:19 am By JD Alois  |  

Michael Terpin, well known in the crypto sector, is reporting a legal win in his ongoing battle with AT&T and a SIM swap scam that saw him robbed of millions of dollars in value of crypto. SIM Swap scams involve someone having their phone taken… Read More

October 2, 2024 @ 7:45 am By Omar Faridi  |  

KPMG has recently shared insightful comments following the Money and Credit data from the update from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared comments on the recent Money and Credit statistical release. Karim Haji from KPMG… Read More

October 1, 2024 @ 10:43 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning individuals and entities affiliated with Evil Corp, a cybercriminal operation based in Russia. OFAC is taking the action in partnership with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and… Read More

October 1, 2024 @ 10:27 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged three individuals who allegedly concocted a “Pre-IPO Scheme” that raised approximately $120 million. The individuals targeted were Accredited Investors and securities were issued under Reg D. The SEC has charged John LoPinto, Robert Wilkos, and Laren Pisciotti … Read More

October 1, 2024 @ 9:27 am By JD Alois  |  

The Draghi Report Previously, CI reported that Mario Draghi, formerly the European Central Bank (ECB) president, had hammered the EU on its lack of support for innovation, declaring that Europe is falling behind. The full report, published on the ECB website, states that European “innovation is blocked at… Read More

September 30, 2024 @ 3:55 pm By Omar Faridi  |  

The consumer retail and services vertical approached a nadir through Q2 2024, according to an update from PitchBook. Looking forward, PitchBook pointed out that the buyout activity is “expected to increase following the Federal Reserve’s (the Fed’s) much anticipated 50-basis-point cut announced in Q3.” Illustrating… Read More

September 30, 2024 @ 3:54 pm By Omar Faridi  |  

Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) Director, issued this past week a statement on the US Justice Department’s Lawsuit Against Visa (NYSE:V). CFPB Director Rohit Chopra has highlighted key points regarding the U.S. Department of Justice’s lawsuit against Visa, the payment network conglomerate…. Read More

September 30, 2024 @ 12:58 pm By JD Alois  |  

The Digital Securities Sandbox (DSS) is now open for applications. Digital securities, or tokenized assets, are widely believed to be the future of the securities sector. While anticipation of the migration to digital from more analog issuance and trading of securities has been predicted for… Read More

September 29, 2024 @ 11:15 pm By Michael Wong  |  

The Federal Bureau of Investigation (FBI) have seized more than $6 million in cryptocurrency from international perpetrators involved in fraudulent investment schemes, according to an official announcement. Matthew M. Graves, U.S. Attorney for the District of Columbia, along with U.S. Attorney Francis M. Hamilton III… Read More

September 27, 2024 @ 4:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Mango DAO and Blockworks Foundation for the sale of MNGO tokens which the Commission alleges were actually unregistered securities. Without admitting or denying the allegations, Mango DAO, Blockworks Foundation, and Mango Labs have all agreed… Read More

September 27, 2024 @ 10:31 am By JD Alois  |  

Senator Tim Scott, the ranking Member of the Senate Banking Committee, has introduced legislation seeking to improve access to capital and assist the innovation and entrepreneurship sector of the economy. The Empowering Main Street in America Act of 2024 aims to “improve access to capital for… Read More

September 27, 2024 @ 9:34 am By Omar Faridi  |  

On September 26, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russia-based exchange Cryptex and Sergey Sergeevich Ivanov (a.k.a. UAPS a.k.a TALEON), who facilitated laundering “for fraud shops, ransomware payments, darknet markets, and other criminal actors.” Following these developments,… Read More