Politics, Legal & Regulation

March 18, 2025 @ 3:52 pm By Omar Faridi  |  

Senator Tim Scott, as Chairman of the Senate Banking Committee, has positioned the United States as a global leader in digital asset innovation through his advocacy for the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The United States will be the country… Read More

March 18, 2025 @ 12:32 pm By Omar Faridi  |  

CertiK Chief Security Officer Kang Li has commented on the changing regulatory environment for cryptocurrencies and how it potentially brings new opportunities. During discussions held as part of the 2024 Korean Blockchain Week (KBW), Professor Kang Li, Chief Security Officer of CertiK explained how recent… Read More

March 18, 2025 @ 9:38 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has closed on a consultation that discusses changes to public offers and admissions to trading in the UK. Policymakers are looking to improve securities markets in the UK – both public and private. Any updates aim to support capital… Read More

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

UK Finance released its Plan for Growth, a blueprint designed to amplify the financial services sector’s role in driving the UK’s economic agenda. Submitted to the government earlier in March of this year, the suggested plan consolidates key insights from industry body UK Finance’s diverse… Read More

March 18, 2025 @ 1:23 am By JD Alois  |  

The French Autorité des marchés financiers (AMF) has issued a public statement calling on the European Commission to improve capital markets  and boost retail participation away from savings and into “long-term investments.” In the US, over 60% of the population holds shares in public companies. … Read More

March 17, 2025 @ 10:11 pm By Omar Faridi  |  

The painfully long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, which began in December 2020, appears to be approaching a critical juncture. Recent developments suggest that the case, centered on whether XRP constitutes an unregistered security, could finally conclude,… Read More

March 17, 2025 @ 6:03 pm By JD Alois  |  

Michelle “Miki” Bowman has been selected to become the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. Posting on Truth Social, President Trump issued the following statement: “I am pleased to announce that Michelle “Miki” Bowman will be the… Read More

March 17, 2025 @ 11:19 am By JD Alois  |  

In advance of next week’s Spring Statement, Trustfull CEO Marko Maras has shared his opinion that anti-fraud measures should be one of the topics covered by the Chancellor of the Exchequer, Rachel Reeves. Maras says that AI-driven fraud is increasing the amount of fraud perpetrated… Read More

March 17, 2025 @ 10:00 am By JD Alois  |  

The UK is in regulatory reduction mode. The Chancellor of the Exchequer, Rachel Reeve, is scheduled to meet with top regulators as she pursues a policy of slashing red tape. The goal is to “make Britain the best place to do business and drive economic growth.” It… Read More

March 17, 2025 @ 9:44 am By JD Alois  |  

Two competitors in the payroll, HR, and payments sector are headed to a court battle, it seems. Via X, Rippling CEO Parker Conrad announced they had filed a lawsuit alleging that Deel cultivated a spy at his company who allegedly stole company information in a… Read More

March 17, 2025 @ 9:08 am By Omar Faridi  |  

A survey commissioned by DailyPay and the Bipartisan Policy Center conducted by The Harris Poll among over 1,000 tipped employees (defined as those who work in the service industry and earn tips for their job) reveals that a “significant majority of tipped employees (85%) are… Read More

March 17, 2025 @ 8:52 am By Tony Zerucha  |  

Recent cryptocurrency-related moves from Washington generated mixed reactions from industry insiders. Some moves were more important than the markets may think, while others lacked substance. SPACE ID director of business development Harrison Seletsky said that despite the market’s tepid reaction to the crypto reserve announcement,… Read More

March 15, 2025 @ 4:14 pm By Robin Sosnow and Jason Siev  |  

The U.S. Securities and Exchange Commission (SEC) just made a game-changing move for capital raisers utilizing Rule 506(c) under Regulation D. On March 12, 2025; the SEC issued two new C&DIs as well as a pivotal no-action letter (the “Latham No-Action Letter”) which together significantly… Read More

March 15, 2025 @ 3:48 pm By Omar Faridi  |  

Canada’s Fintech ecosystem stands at a critical juncture, teetering somewhere between immense potential and possible stagnation. A recent interview by the Toronto Star with EQ Bank CEO Andrew Moor underscores a somewhat harsh reality: while global economic challenges like North America’s tariff and trade war… Read More

March 14, 2025 @ 5:25 pm By Omar Faridi  |  

In the fast-evolving yet still nascent ecosystem of web3 and cryptocurrency, stablecoins— virtual currencies pegged to stable assets like the U.S. dollar—have emerged as a cornerstone of the digital finance ecosystem, with a market value reaching $227 billion+ at the time of writing. However, their… Read More

March 14, 2025 @ 5:23 pm By Omar Faridi  |  

Bolivia finds itself dealing with a severe economic crisis, marked by a drastic shortage of U.S. dollars and declining foreign currency reserves. This situation is somewhat similar to what nearby nations are dealing with as well, particularly Venezuela and El Salvador. Moreover, the broader LatAm,… Read More

March 14, 2025 @ 12:02 pm By JD Alois  |  

Binance founder and former CEO Changpang “CZ” Zhao says the recent report by WSJ.com got some facts wrong. Apparently, chatter regarding the possible sale of, or investment in, Binance US to the Trump family is inaccurate, and rumblings that he would receive a pardon as… Read More

March 14, 2025 @ 8:24 am By Omar Faridi  |  

MorganAsh recently hosted a webinar featuring Jess Trueman, Head of Business Development at Smart Money People, alongside James Edmond and Martin Grimwood, to explore how businesses can enhance their board reporting on vulnerable customer data under the Consumer Duty framework. The discussion centered on aligning… Read More

March 14, 2025 @ 8:19 am By Omar Faridi  |  

Circle Internet Group, Inc., a financial technology firm and a stablecoin market participant, was reportedly the “first” firm in the crypto market to receive comprehensive licensing under the Bermuda Monetary Authority (BMA) in September 2021, through its regulated subsidiary, Circle International Bermuda Limited. Building on… Read More

March 13, 2025 @ 4:56 pm By Omar Faridi  |  

In a significant policy reversal, the UK’s Financial Conduct Authority (FCA) has scrapped its controversial proposal to routinely “name and shame” firms under investigation. In the US, it is common for regulators to name the firms or individuals under investigation. If a case is settled… Read More