Opinion

September 27, 2024 @ 10:31 am By JD Alois  |  

Senator Tim Scott, the ranking Member of the Senate Banking Committee, has introduced legislation seeking to improve access to capital and assist the innovation and entrepreneurship sector of the economy. The Empowering Main Street in America Act of 2024 aims to “improve access to capital for… Read More

September 23, 2024 @ 6:00 pm By Omar Faridi  |  

CI recently caught up with Tyler Adams, CEO and Co-founder of COZ, a software firm in the blockchain sector providing various products to s support Web3 development. In addition to his efforts to combat counterfeiting, Tyler is part of the lobbying group Stand With Crypto,… Read More

September 19, 2024 @ 11:28 am By JD Alois  |  

Last week at the Digital Commonwealth’s Mansion House Summit Series, Tom Kiddle, co-founder of Palisade – a digital asset custody firm, spoke about his opinion on MiCA. Palisade is a regulated firm based in France. The European Union has approved MiCA, or Markets in Crypto Assets regulation. MiCA aims… Read More

September 17, 2024 @ 7:58 am By JD Alois  |  

Later this week, the US Federal Reserve, Federal Open Market Committee (FOMC), will reveal how much they will cut benchmark interest rates. This is the first time the Fed will cut rates since 2020. The debate on the rate cut has shifted to whether or… Read More

September 16, 2024 @ 6:10 pm By JD Alois  |  

Earlier today, the Securities and Exchange Commission (SEC) issued an Administrative Order punishing the FlyFish Club (FFC) for allegedly issuing “crypto asset securities.” The FlyFish Club is a private dining venue that offers memberships similar to country clubs. Unfortunately, FFC upset the Commission by issuing… Read More

September 16, 2024 @ 12:13 pm By JD Alois  |  

As previously reported, Financement Participatif France (FPF), the French crowdfunding association, and France Fintech merged in June of this year. Last month, EuroCrowd, the pan-European advocacy group for online capital formation, posted an Op-Ed questioning the impact of this move on the emerging securities crowdfunding industry. EuroCrowd has long… Read More

September 13, 2024 @ 5:18 pm By Omar Faridi  |  

The Commodities Futures Trading Commission (CFTC) has no authority to second-guess election contracts, according to recent statements issued by a US Judge. The opinion on the Kalshi‘s lawsuit brought against the CFTC may have significant potential implications for an ongoing/current proposal that aims to place… Read More

September 12, 2024 @ 11:02 am By JD Alois  |  

eToro USA will halt nearly all crypto trading activity following an agreement with the Securities and Exchange Commission (SEC). The settlement also requires eToro to pay a $1.5 million fine. eToro has agreed to the settlement without admitting or denying the allegations. Going forward, eToro… Read More

September 11, 2024 @ 2:27 pm By Omar Faridi  |  

We recently connected with Tristan Frizza, Founder of Zeta Markets. Notably, Solana recently hit $1.811 billion in DEX trading volume, capturing almost 10% of the market, as reported by Zeta Markets. This surge, fueled by Solana’s fast transaction speeds and low fees, has also led… Read More

September 8, 2024 @ 7:29 pm By Omar Faridi  |  

    Many hardworking employees are finding themselves trapped in the cycle of high-interest loans, forcing them to deplete their savings or retirement funds and compromise their long-term financial security. When customers were asked by Kashable, a provider of “socially responsible” credit and financial wellness… Read More

September 6, 2024 @ 10:43 am By JD Alois  |  

A report by New Financial indicates that the amount of UK pension funds being allocated to UK equities has declined to 4.4% in comparison to last year, when the number was 6.1% and down by half of assets from 25 years ago. The document describes… Read More

September 6, 2024 @ 8:47 am By Omar Faridi  |  

KPMG has recently commented on the latest Money and Credit data from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared key insights on the newest Money and Credit data from the Bank of England (for the month… Read More

September 5, 2024 @ 11:02 pm By JD Alois  |  

As was reported earlier, the Payment Systems Regulator (PSR) has decided to review the reimbursement cap on App fraud with the intent to set it at £85,00. This has been widely embraced by the payments sector as previously the reimbursement cap was expected to be… Read More

September 5, 2024 @ 8:00 pm By JD Alois  |  

Last week, OpenSea, a popular NFT [non-fungible token] marketplace, revealed that it had received a Wells Notice from the Securities and Exchange Commission (SEC). The missive indicates a good probability of a forthcoming enforcement action against the firm. While NFTs are largely aligned with digital… Read More

September 5, 2024 @ 10:48 am By JD Alois  |  

In September 2023, Mario Draghi, previously the head of the European Central Bank (ECB), was asked by Ursula von der Leyen, the President of the Commission, to devise a plan to boost economic growth and competitiveness in the European Union. Yesterday, Draghi delivered an address to the European Parliament that… Read More

September 3, 2024 @ 7:00 pm By Peter Reynolds  |  

The US Federal Reserve Board’s June cease-and-desist order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, came in response to a series of alarming deficiencies in its risk management, anti-money laundering (AML), and compliance practices. The order wasn’t just a regulatory formality—it was… Read More

September 3, 2024 @ 12:19 pm By JD Alois  |  

OpenSea, a leading NFT [non-fungible token] platform, has received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice indicates that the SEC is recommending that the Commission pursue enforcement action against the target firm. While not conclusive, it is highly likely… Read More

August 26, 2024 @ 10:27 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has shared insights addressing the following question: Why the presidential election could be decided by young crypto voters? As noted in a blog post by Coinbase, young voters made “the difference in the 2020 U.S. elections and are expected to be a deciding… Read More

August 22, 2024 @ 12:03 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is pushing to demand Climate Disclosure mandates for public firms. Climate Disclosure is part of a broader ESG agenda – infusing regulation with a social agenda. Having approved new rules, the new mandate is now being challenged in the… Read More

August 20, 2024 @ 9:01 am By JD Alois  |  

In the UK there are several tax exemptions which may be available for individual investors to mitigate risk and reduce taxes paid on any return. SEIS, or Seed Enterprise Investment Scheme, is a powerful incentive for investors to support entrepreneurs and boost the UK innovation… Read More