Tagged: joe biden

Commissioner Hester Peirce Questions Why SEC is Leading with Crypto Enforcement

Hester Peirce

Last week it was reported that the Securities and Exchange Commission (SEC) was doubling the size of its crypto enforcement team. The SEC also revealed that it had rebranded its Cyber Unit to the Crypto Assets and Cyber Unit to reflect its additional focus on… Read More

Michael Barr, a Former Ripple Advisor, Nominated as Vice Chair for Supervision of the Federal Reserve

The White House

Former Ripple advisor, Michael Barr has been nominated by President Joe Bident to become the Vice-Chair for Supervision of the Federal Reserve. The selection was announced by the White House earlier today. According to the administration, Barr is currently the Joan and Sanford Weill Dean… Read More

President Biden Nominates Mark Uyeda and Jaime Lizárraga as SEC Commissioners

The White House Washington DC

The White House has finally selected two individuals to become Commissioners at the Securities and Exchange Commission (SEC). President Joe Biden has selected: Jaime Lizárraga Mark Uyeda According to the White House, Jaime Lizárraga is currently a Senior Advisor to Speaker of the House Nancy… Read More

Digital Asset Manager CoinShares Comments on Global Crypto Regulatory Updates

Global World Earth Map International

Townsend Lansing, Head of Product at CoinShares and Nick du Cros, the Head of Compliance and Regulatory affairs at CoinShares, have noted that there appears to have been “quite a bit of confusion” in the digital assets community recently regarding the proposals in the EU… Read More

White House Report: Executive Order on Crypto Regulation Expected this Week

The White House Washington DC

Multiple reports are claiming that the White House will issue an Executive Order on cryptocurrency at some point this week. The news follows days of concern from some policymakers that Russia and its elites may leverage crypto to evade the growing list of economic sanctions…. Read More

Russia Hit with Economic Sanctions, More to Follow, But Will it Be Enough to Halt Putin’s War [u]

Vladimir Putin Protest Russia valery tenevoy unsplash

  As Russian President Vladimir Putin shocked the world with his horrific invasion of Ukraine, many nations enacted economic sanctions to punish the rogue country as Europe entered a state of war. Following Putin’s effective annexation of Donetsk and Luhansk (Donetsk and Luhansk People’s Republics… Read More

President Biden Pulls Nomination of Saule Omarova to be Head of OCC

Saule Omarova 11.18.21

President Joe Biden has withdrawn the nomination of Saule Omarova to become the Comptroller of the Currency, according to a statement by the Whitehouse. The Office of the Comptroller of the Currency is an independent bureau under the US Department of Treasury and the lead… Read More

Joe Biden’s Radical Selection to Head the OCC Appears to be Doomed as Multiple Democrats Will Not Support Nominee

Saule Omarova 2018

The confirmation of Saule Omarova, President Joe Biden’s selection to head the Office of the Comptroller of the Currency (OCC) – the top bank regulator, appears to be doomed as multiple Democrat Senators have expressed to the Whitehouse they will not support the nominee. Omarova,… Read More

Don’t Panic: Recent Bitcoin Price Movement Boring Part of Longer Bull: Analyst

Bull Art Miami

While there is plenty of speculation as to why Bitcoin’s recent sideways movement has been happening, it is most likely a simple break in a continued bull market, Genesis head of market insights Noelle Acheson said in a research note this week. With the recent… Read More

Jerome Powell Re-Nominated as Chair of Federal Reserve

Jerome Powell 7.10.19

Jerome Powell has been renominated by President Joe Biden to continue on as the Chairman of the Federal Reserve. Dr. Lael Brainard was selected to serve as Vice-Chair of the Board of Governors of the Federal Reserve System. In recent days there has been much… Read More

Biden Administration Plans to Increase Taxes on 2.1 Million Small Businesses

Joe Biden Speaking at White House 7.9.21

The Small Business and Entrepreneurship Council (SBE Council) is warning that the Biden Administrations’ tax plan would raise taxes on 2.1 million small businesses – in contrast to the Administrations’ claims. Last week, the White House issued a Fact Sheet on the plan claiming the… Read More

Senator Lummis Says Amendment to Save Crypto Innovation Facing Major Headwinds as Infrastructure Vote Looms

US Capitol Senate Washington DC

Infrastructure used to mean roads, airports, bridges, etc. Today, infrastructure, as defined by our elected representatives, means oh so much more. The massive spending bill being foisted upon the populace by Congress is still being dissected but one area that it may impact is digital… Read More

Biden Administration Looks to Help Pay for Infrastructure Plan with Tax Enforcement of Cryptocurrency Transactions

Joe Biden American Rescue Plan 2020

President Joe Biden published more details on the pending infrastructure deal while indicating he intends to offset the substantial cost by various fees including “strengthening tax enforcement when it comes to cryptocurrencies.” In a speech, President Biden said: “This agreement will help ensure that America… Read More

Open Banking Executives Laud Inclusion of Easier Bank Switching in Biden Executive Order on Competition

Joe Biden Speaking at White House 7.9.21

Earlier today, President Joe Biden signed the Executive Order that included a litany of policy objectives that are ostensibly designed to improve competition. While some aspects may fall short, one area that may please Open Banking (or Open Finance) advocates is the inclusion of easier… Read More

Biden Administration Issues Executive Order on Hodgepodge of Items “Promoting Competition” Including Banking. But Will the Policy Move Really Help SMEs?

Joe Biden Signing Executive Order 7.9.21

  As anticipated, the Biden Administration has issued an Executive Order that is said to promote competition in the US economy. The order is extensive and includes a list of 72 areas where Joe Biden seeks to change. Included in the list is net neutrality,… Read More

Biden Administration to Include Crypto as Part of Fight Against Corruption

Joe Bident 2013

In a press briefing today, a senior Biden administration official speaking on background discussed initiatives regarding the ongoing fight against corruption. The administration is “formally establishing the fight against corruption as a core national security interest of the United States” while seeking to “bring additional… Read More

Small Business & Entrepreneurship Council: Biden Policy Like Capital Gains Tax Increases Could Derail the Recovery, Harm Entrepreneurs

Joe Biden Addressing Congress April 2021

The Biden administration has just completed its first 100 days in office. Since January, the Administration has proffered a whirlwind of policy changes and legislation from massive spending in the trillions of dollars to profound changes in the tax system. Meanwhile, the economy has already… Read More

Finders: Is the SEC Finally Ready to Clarify this Cloudy Issue for Startups and Other Private Companies?

Find Search Seek Money Magnify Scrutiny Dollar

  In an effort to address an issue that has frustrated the business community for years, including startups, tech companies, and “finders,” the U.S. Securities and Exchange Commission (SEC) published a proposed conditional exemption for finders on October 7, 2020. Under the proposal, people (i.e.,… Read More

Small Business & Entrepreneurship Council Slams Looming Proposal to Dramatically Raise Taxes on Businesses

Joe Biden American Rescue Plan 2020

The Small Business & Entrepreneurship Council (SBE Council) has distributed a note criticizing President Joe Biden’s planned tax increase that will hit both individuals and businesses. Addressing  the policy of pushing business taxes higher, the SBE Council says raising taxes during the shaky economy and… Read More

Pushing Through the Fintech Frontier: Financial Regulators Poised to Expand Fintech and Cryptocurrency Oversight


Joe Biden Press Conference 2020

President Joe Biden’s young administration is poised to deliver heightened – and perhaps unprecedented – regulatory scrutiny of the exploding Fintech industry.  The groundwork for a more active regulatory regime has been set over the course of the past decade.  Prior administrations harnessed existing enforcement… Read More

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