Politics, Legal & Regulation

March 31, 2025 @ 4:28 pm By Omar Faridi  |  

DailyPay, a worktech company specializing in earned wage access (EWA), has made significant strides in 2025 to enhance financial flexibility for American workers. Through product expansions and regulatory milestones in states like Utah and Arkansas, DailyPay continues to focus on improving how employees access their… Read More

March 31, 2025 @ 10:08 am By Omar Faridi  |  

In a striking verdict that has reverberated through the financial services and Fintech sector, Charlie Javice, the once-celebrated founder of the college financial aid startup Frank, was convicted on March 28, 2025, of defrauding JPMorgan Chase. The Manhattan federal court jury found her guilty on… Read More

March 31, 2025 @ 8:16 am By Tony Zerucha  |  

Fipto, a blockchain-based stablecoin payments infrastructure company, has been officially licensed as a payments institution by the French Prudential Control and Resolution Authority (ACPR), part of the Bank of France. Fipto’s infrastructure bridges digital and fiat currencies, enabling businesses to make instant payments with stablecoins… Read More

March 31, 2025 @ 8:11 am By Omar Faridi  |  

UK Chancellor Rachel Reeves recently delivered the Spring Statement, outlining the government’s economic priorities and forecasts for the year ahead. While the statement avoided major tax hikes or sweeping policy changes, it provided critical insights into inflation, economic growth, and the implications for personal finances… Read More

March 31, 2025 @ 7:57 am By Omar Faridi  |  

The PwC Global Crypto Regulation Report 2025 has examined the fast-evolving world of cryptocurrency regulation. Released by PwC Legal, the research report looked into the evolving regulatory frameworks governing digital assets across more than 50 jurisdictions, spotlighting major policy shifts and emerging trends. As the… Read More

March 30, 2025 @ 10:20 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has launched a public consultation on a proposed regulatory framework to expand retail investors’ access to private market investment funds, the central bank said. Under the current regulations, retail investors in Singapore have limited opportunities to invest in private… Read More

March 30, 2025 @ 7:50 pm By Omar Faridi  |  

The Fintech, crypto and web3 industry is grappling with a whirlwind of developments, from high-profile pardons to regulatory shifts and geopolitical issues. At the center is President Donald Trump’s recent pardon of BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, alongside former employee Gregory… Read More

March 30, 2025 @ 6:30 pm By Omar Faridi  |  

Galaxy Digital Holdings, (TSX: GLXY), a digital assets focused financial services firm led by Michael Novogratz, is navigating an increasingly complex landscape of legal resolutions along with steady financial performance. On March 27, the company agreed to a $200 million settlement with the New York… Read More

March 30, 2025 @ 6:11 pm By Michael Wong  |  

Panama has introduced a draft bill to regulate cryptocurrencies and establish a legal framework for blockchain-based services, aiming to position itself as a fintech leader in Latin America. The proposed legislation recognizes cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoins as valid payment methods… Read More

March 28, 2025 @ 2:03 pm By Omar Faridi  |  

Online cash advance company Cleo AI has agreed to pay $17 million to settle the Federal Trade Commission’s allegations that the company allegedly “deceived” consumers about “how much money they could get and how fast that money could be available.” The complaint, filed in federal… Read More

March 28, 2025 @ 1:00 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) is poised to abandon its interpretive rule that would have subjected buy now, pay later (BNPL) “pay-in-four” lenders to the same regulatory framework as traditional credit cards. This decision marks another significant rollback for the agency under its current… Read More

March 28, 2025 @ 12:56 pm By Omar Faridi  |  

The U.S. Securities and Exchange Commission (SEC) has reportedly informed Crypto.com that it has officially closed its investigation into Crypto.com and will file “no enforcement action against the company.” This follows Crypto.com receiving a Wells notice from the US SEC and Crypto.com “filing suit against… Read More

March 28, 2025 @ 12:32 pm By Michael Wong  |  

South Carolina’s House of Representatives has introduced a bill that would allow the state treasurer to establish a Bitcoin reserve as part of a broader effort to hedge against inflation and diversify state funds. The proposed Strategic Digital Assets Reserve Act, sponsored by Representative Jordan… Read More

March 27, 2025 @ 12:10 pm By JD Alois  |  

The Securities and Exchange Commission has continued its retreat from regulation by enforcement regarding digital asset firms by ceasing its enforcement action against crypto exchange Kraken. Also known as Payward and Payward Ventures, the Commission said the case was dismissed with prejudice, which means permanently…. Read More

March 27, 2025 @ 1:52 am By JD Alois  |  

The Spring Statement, delivered by the Chancellor of the Exchequer, Rachel Reeves, provided much policy to ponder. Buried within the documents were references to PISCES, or the Private Intermittent Securities and Capital Exchange System—a private securities marketplace. While still in the works, PISCES aims to provide a… Read More

March 26, 2025 @ 4:52 pm By JD Alois  |  

While a draft version of the Stable Act has been in circulation for some time now, the House Financial Services Committee has officially introduced the legislation, which aims to enable a regulated environment for the issuance of stablecoins. While many global jurisdictions are pursuing CBDCs… Read More

March 26, 2025 @ 12:09 pm By JD Alois  |  

The American Fintech Council (AFC) has issued a statement addressing Virginia Governor Glenn Youngkin’s veto of SB 1252. The legislation sought to cap interest rates on certain credit options. SB 1252 stated that except as otherwise permitted by law, no contract shall be made for… Read More

March 26, 2025 @ 10:52 am By JD Alois  |  

The Spring Statement is always a grab bag of policies claiming to solve just about every economic woe. The Chancellor of the Exchequer, Rachel Reeves, shared her policy vision for the future today, and once again, the delivery promised fixes to an economy that continues… Read More

March 25, 2025 @ 9:40 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has revealed its five-year plan, which will focus on four priorities. The FCA is a unique regulator as it holds a competition mandate: it must enable competition. Otherwise, the regulator pursues consumer protection and market integrity. Since 2023, the… Read More

March 25, 2025 @ 9:25 am By JD Alois  |  

Tomorrow, the Chancellor of the Exchequer, Rachel Reeves, will deliver the Spring Statement, and the Fintech industry will be watching closely to see how future policy will impact their sector and other changes that may affect the economy in general. The UK government has already announced it… Read More