Tagged: donald trump

SEC Chair Jay Clayton Comments on New Presidential Task Force on Market Integrity and Consumer Fraud, Points to Risk of Initial Coin Offerings

Securities and Exchange Commission Chair Jay Clayton has posted remarks on the establishment of the “Task Force on Market Integrity and Consumer Fraud.” The Task Force was announced today as an Executive Action by President Donald Trump. Clayton said he believes “cyber threats present some of… Read More

Cambridge Analytica Director Visited Julian Assange, Donated Crypto to Wikileaks

The Guardian Newspaper has reported that Brittany Kaiser, a director at Cambridge Analytica, a data firm tied to election interference across the globe, told friends that she visited Julian Assange at the Ecuadorian embassy in February 2017 to discuss the outcome of the 2016 US… Read More

Venezuela Offers India Discount on Crude Oil- Must Pay in Petro Cryptocurrency

In what is likely a combined attempt to sidestep US sanctions and compete with Middle East oil suppliers, Venezuela has offered India a 30% discount on crude oil if the country pays for the oil in El Petro, Venezuela’s controversial new cryptocurrency, says Business Standard. Venezuala… Read More

President Trump Signs Executive Order to Ban Venezuela’s Petro Cryptocurrency

Less than two months after Venezuela issued a white paper on its proposed cryptocurrency, Petro, President Trump has signed an executive order that bans the controversial cryptocurrency. As previously reported, Petro’s background dates back to “proposals for global financial and monetary coordination prior to the hegemony… Read More

The Top Ten Fintech Predictions for 2018

Last year, I boldly predicted 10 Fintech movements that will take place as Earth makes another perfect rotation around our Sun. It’s always fun to look back and see how wrong I was, so let’s stump the chump! Here are my original predictions. Let’s score… Read More

Richard Cordray Tells CFPB Staff Leandra English is Acting Director. President Trump Appoints OMB Director Mick Mulvaney as Acting Director. So Who Wins ?

The Consumer Financial Protection Bureau (CFPB) has endured a stormy odyssey in its short tenure as the newest federal bureaucracy in Washgton, DC. Yesterday, the storm strengthened as outgoing Director Richard Cordray selected Leandra English to lead the CFPB as Acting Director. In a one-two punch,… Read More

Update: Mark Hamill Supports #BuyTwitter & #BanTrump GoFundMe Campaign

Less than a week after former undercover CIA operations agent Valerie Plame Wilson launched a crowdfunding campaign on GoFundMe to purchase Twitter for $1 billion in order to get President Trump off the social media platform, Star Wars star Mark Hamill announced his support for the initiative. As previously… Read More

China: WeiyangX Fintech Review

Financial Technology Becomes a New Spotlight of the Belt and Road Initiative Belt and Road Forum for International Cooperation, also known as the Belt and Road Initiative, was held in Beijing on May 14-15. President Xi Jinping highlighted the role that financial technology has played… Read More

Kickstarter Pulls the Plug on Trump Troll Doll Campaign Over Intellectual Property Dispute

Less than a week until its hilarious Kickstarter campaign was set to close, Chuck Williams’ Naked Trump Troll Doll project was pulled by the crowdfunding platform over an intellectual property dispute. As previously reported, the Trump Troll Doll surfaced on Kickstarter last month, seeking $30,000…. Read More

Bigly: Naked Donald Trump Troll Doll Scores Over $300,000 on Kickstarter

Wisconsin-based artist Chuck Williams has launched a crowdfunding campaign on Kickstarter to bring his already famous Donald Trump-inspired naked troll doll to the market. Originally seeking $38,000, the initiative has secured well over $300,000 from nearly 8,100 backers. While sharing details about the project, Williams,… Read More

Here is the Most Recent Executive Order from President Trump Addressing Regulatory Reform

President Donald Trump has been flexing the power of his office by enacting multiple Executive Orders (EO). The most recent from the Trump administration is, once again, addressing regulatory reform.  Trump has signed two other EOs tackling regulations that may impact the financial services sector…. Read More

IW Capital’s 2017 Investor Index Reveals: Nearly Half of UK Investors Positive about Brexit, Two Fifths Fearful of Trump and 73% Lack Faith in Theresa May

UK-based private equity firm, IW Capital, announced on Thursday the release of its 2017 investor index. This new report reveals the impact of 2016’s biggest events, which consists of Brexit, Donald Trump’s U.S. Presidential win, and Theresa May. According to IW Capital, the new research… Read More

Here is the Executive Order Regarding Financial Regulations Signed by President Trump

President Trump signed another Executive Order today. This time it was targeting financial regulations and the growing morass of regulation that has been piled upon the electorate. In a televised presser, President Trump signed the order on “Core Principles for Regulating the United States Financial… Read More

Comments on President Trump’s Executive Action on Dodd-Frank & Fiduciary Rule

In an Oval Office ceremony today, President Donald Trump signed executive orders relating to the Dodd-Frank Act and the Department of Labor’s Fiduciary Rule. Two acts of legislation that have come under harsh scrutiny in recent years. Dodd-Frank has been criticized for raising costs for both… Read More

Here is the Executive Order to Reduce Regulation & Regulatory Costs Signed by President Trump

Under a backdrop of a tumultuous few days for the Trump Administration, President Trump signed another Executive Order – this time addressing reducing regulation and controlling regulatory cost, largely for smaller business. In a press event, President signed the order while criticizing Dodd-Frank indicating this… Read More

Small Business & Entrepreneurship Council Declares Strong Support for Trump SBA Pick

Karen Kerrigan, President and CEO of the Small Business and Entrepreneurship Council (SBE Council) has declared her organization’s strong support for President Trump’s selection to manage the Small Business Administration. Trump has picked Linda McMahon an entrepreneur who scaled and built the highly successful World… Read More

Kickstarter-Funded Project “We the People” Artwork to be Featured in the New York Post, USA TODAY & the Washington Post on Inauguration Day

Following the closing of its “We the People” Kickstarter campaign, Amplifier Foundation announced the empowering artwork would be featured in the New York Post, USA TODAY & the Washington Post on President-Elected Trump’s Inauguration Day, which is taking place today. As previously reported, Amplifier Foundation teamed up with… Read More

Amplifier Foundation Raises Over $1.3 Million on Kickstarter to Present “We the People” Artwork on Inauguration Day

Last week, the Amplifier Foundation, teamed up with 2008 President Obama HOPE artwork creator Shepard Fairey, Colombian American muralist Jessica Sabogal, and Los Angeles artist Ernesto Yerena, to launch a Kickstarter campaign for “We the People” artwork, which will be presented at Inauguration Day this… Read More

Marketplace Lending Association to Congress: Please Ensure that America is a Place Where Fintech Can Flourish & the Federal Government is a Partner, Rather than an Obstacle

The Marketplace Lending Association has called on Congress, and the incoming Trump Administration, to become a catalyst for Fintech innovation and not an obstacle. In a letter addressed to House and Senate leaders, Nathaniel Hoopes, Executive Director of the MLA, asked Congress to move  away… Read More

Jay Clayton to Join SEC During Unprecedented Need to “Cut the Red Tape”

Financial regulations are often enacted with little concrete definition, to say nothing of quantification, of their costs and benefits. Regulators and economists have little understanding of causal mechanisms that may provide benefits and incur costs. Worse, they often think they know cause and effect, either… Read More