Politics, Legal & Regulation

April 21, 2025 @ 10:15 am By Omar Faridi  |  

Taxbit notes that the rise of stablecoins—digital assets pegged to stable values like the U.S. dollar—has transformed the financial landscape, offering efficiency, accessibility, and stability in transactions. However, this innovation comes with a complex regulatory environment, particularly in the United States. As governments and regulatory… Read More

April 21, 2025 @ 10:08 am By Omar Faridi  |  

Coinbase has (NASDAQ:COIN) has shared some comments after Oregon’s Attorney General, Dan Rayfield, filed a securities enforcement action against the company. This lawsuit basically revives arguments previously dismissed by the U.S. Securities and Exchange Commission (SEC), marking a contentious return to what Coinbase describes as… Read More

April 20, 2025 @ 8:01 pm By Omar Faridi  |  

The Supreme Court of India dismissed a petition filed by 54 victims of the WazirX hack on April 16, 2025, seeking action against the crypto exchange and its associates. The decision underscores the persistent regulatory ambiguity surrounding cryptocurrencies in India, leaving victims of the $235… Read More

April 19, 2025 @ 10:50 pm By Omar Faridi  |  

A Brazilian court has reportedly sentenced Joel Ferreira de Souza, the lead launderer behind the Braiscompany cryptocurrency Ponzi scheme, to an unprecedented 128 years, 5 months, and 28 days in prison—one of the longest sentences for financial crimes in Brazil’s history. Alongside de Souza, two… Read More

April 19, 2025 @ 10:53 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) announced that it has “conditionally” approved the merger of Discover Bank, Greenwood, Delaware, into Capital One, National Association, McLean, Virginia. The OCC conducted a fulsome review of the application “submitted March 21, 2024, to ensure all… Read More

April 18, 2025 @ 11:47 am By Omar Faridi  |  

Canada appears to be taking significant steps to integrate cryptocurrencies into its financial ecosystem, with recent updates from the Canadian Securities Administrators (CSA) and Coinbase providing more clarity for investors navigating the seemingly complex world of crypto assets. These developments underscore Canada’s commitment to fostering… Read More

April 18, 2025 @ 11:29 am By Omar Faridi  |  

Hidden Road, the credit network for institutions, announced that its wholly-owned subsidiary, Hidden Road Partners CIV US LLC, has secured approval from the Financial Industry Regulatory Authority (FINRA) to operate as a FINRA-member broker-dealer. This approval reportedly enables Hidden Road to expand its recently launched… Read More

April 18, 2025 @ 8:21 am By Omar Faridi  |  

In a move to support innovation through effective regulation, Innovate UK, in partnership with ICF, has released the Global Regulation Index (GRI). The regulatory analysis aims to review Fintech regulation that supports innovation. The report evaluates 21 countries across four innovation-led sectors—artificial intelligence, future mobility,… Read More

April 18, 2025 @ 8:12 am By Omar Faridi  |  

Regulation is a hot topic in the US and UK, with massive changes over recent months, but what effect will this have on consumers. Monica Eaton, Founder and CEO of Chargebacks911, explores Trump’s impact on the regulators and what effect he is having across the… Read More

April 17, 2025 @ 4:12 pm By JD Alois  |  

During the Biden Administration, the Consumer Financial Protection Bureau (CFPB) enacted new rules designed to eliminate “bank junk fees.” While popular on the surface, the new rules did little to address the various levels of risk and the ability to provide credit. In March of… Read More

April 17, 2025 @ 11:40 am By JD Alois  |  

Regulation A or Reg A+ will be the topic of discussion for the SEC’s next Small Business Capital Formation Advisory Committee (SBCFAC) meeting which will take place on May 6th. The announcement of the topic shares that the Committee will review how firms are using… Read More

April 17, 2025 @ 9:07 am By JD Alois  |  

The SEC’s Crypto Task Force meets next week, and the mission of this gathering is to discuss crypto custody. Commissioner Hester Peirce, who leads the Task Force, said the move to integrate crypto asset custody within the regulatory structure is one of the most challenging… Read More

April 16, 2025 @ 7:56 am By Omar Faridi  |  

The U.S. Securities and Exchange Commission (SEC) has approved the Green Impact Exchange (GIX), marking a key milestone for sustainable investing. Set to launch in early 2026, GIX will reportedly be the first U.S. national securities exchange dedicated to the $35 trillion global green economy…. Read More

April 15, 2025 @ 9:51 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has established its presence in the USA and Asia Pacific. This new move is said to be part of its new strategy. The FCA is the top securities regulator in the UK and uniquely holds a mandate to ensure… Read More

April 15, 2025 @ 8:52 am By JD Alois  |  

Digital asset firm Elliptic will be working with Monerium on enabling compliance and AML solutions under the MiCA regulation in Europe. The two firms note that real-time, multi-chain compliance cuts manual intervention by 60%, supporting Monerium’s Euro (EURe) stablecoin and other operations. Monerium holds an… Read More

April 14, 2025 @ 7:43 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) has released an assessment of the level of preparedness among local banks, in view of the amendments to EU banking regulations known as CRR3. This follows an industry-wide survey conducted in 2024, which revealed different “levels of readiness among… Read More

April 13, 2025 @ 1:39 pm By Michael Wong  |  

The US Securities and Exchange Commission’s (SEC) Crypto Task Force convened its second roundtable in Washington, D.C., spotlighting the challenges and opportunities surrounding crypto trading in the United States. Acting Chairman Mark T. Uyeda, addressing an audience of regulators, industry representatives, and legal experts, drew… Read More

April 11, 2025 @ 10:22 am By JD Alois  |  

The US Department of Justice is pursuing criminal charges against Albert Saniger, the former CEO of nate, for allegedly defrauding investors out of $40 million. Nate was an artificial intelligence firm that claimed to have proprietary technology while employing real people to do the work…. Read More

April 10, 2025 @ 6:37 pm By JD Alois  |  

The Securities and Exchange Commission, Division of Corporation Finance, has issued a statement on digital assets as it seeks to provide greater clarity to crypto markets. During the previous Commission, led by the Democrats, the SEC sought to undermine the digital asset offering. While telling… Read More

April 10, 2025 @ 6:04 pm By JD Alois  |  

Regulation Crowdfunding, or Reg CF, is a securities exemption that allows firms to raise up to $5 million in an online offering. While Reg D 506c and Reg A+ both allow online securities offerings, they are difficult to track due to the characteristics of the… Read More