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
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
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
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
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
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
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
Multiple news sources are reporting that Jay Clayton will be President-elect Donald Trump’s selection for the Chair of the Securities and Exchange Commission (SEC). Reuters published a statement by President-elect Trump; “Jay Clayton is a highly talented expert on many aspects of financial and regulatory law, and… Read More
Former SEC Commissioner Daniel Gallagher visited the studios of CNBC yesterday to share his perspective on the SEC under the Trump administration. Gallagher is one of the names being bandied about as the Republican pick for the SEC Chair. Another possibility is another former Commissioner… Read More
2016 brought with it many positive developments for startups in terms of capital access and tax policy. Investment crowdfunding finally went live, a number of bills to facilitate capital formation passed the House, and the startup community galvanized around a tax bill that would make… Read More
In a grand mashup of investment and politics, President-elect Donald Trump and Tokyo-based SoftBank Group Corp.‘s CEO Masayoshi Son announced their plan this week to create 50,000 new jobs in the U.S. via a $50 billion investment namely in startups. Deal Street Asia reported that the… Read More
Financial Innovation Now (FIN) has published an open letter to the incoming Trump administration. FIN demanded the President-Elect embrace technology when it comes to financial innovation. FIN is a group that represents several very big names in tech. Think Apple, Google, Amazon and more. Tipping… Read More
It has been widely reported that Paul Atkins, a former SEC Commissioner and current CEO of Patomak Partners, is the point person in Donald Trump’s transition team for financial regulatory appointments. This is an encouraging sign. Atkins, a Vanderbilt Law School Grad, was an SEC… Read More
Many people feel deeply hurt from the outcome of the Presidential election. Here’s a kinder, simpler explanation as to why. This week, we saw a completely unexpected outcome in the Presidential election between Donald Trump and Hillary Clinton. As the punditry and chattering classes scramble… Read More
Soon the dust will will settle and the collective surprise of a Donald Trump Presidency will sink in and the United States will move forward. On top of a populist Trump administration, the Republican Party will control both houses of Congress. This is a combination… Read More
A donation-based crowdfunding campaign on GoFundMe is looking for contributions to fund a Donald Trump “Sunlight Campaign” and on day one has raised about $25,000. The campaign page, created by Aaron Holman, has been receiving a steady clip of small donations. But there are more… Read More
Earlier this week, Hillary Clinton, the Democratic candidate for President of the United States, released a “Factsheet” on small business. Interestingly it contained a good bit of affirmation that she will not turn her back on small business recognizing SMEs are the lifeblood of the… Read More
Donald Trump’s unique and profound ability to offend so many people has somehow endeared himself to a good proportion of the electorate. It is hard to believe an individual who supported both Bill Clinton and Barack Obama in earlier elections has claimed the mantle of… Read More
Starbucks customers have taken to Payola to raise $50,000 as a way to convince the coffee giant to close its Trump Tower location. The initiative was reportedly stated by Ivan Pardo, the CEO of Buycott. The campaign’s description reads: “Many loyal Starbucks customers will be… Read More
Political campaigns may have a symbiotic relationship to crowdfunding. In a sense, politicians have been crowdfunding political donations for years, even before the term was generally known. Since then, many have used actual internet-based crowdfunding campaigns in their fundraising. President Barak Obama has high hopes… Read More
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