Politics, Legal & Regulation

April 17, 2025 @ 4:12 pm By JD Alois  |  

During the Biden Administration, the Consumer Financial Protection Bureau (CFPB) enacted new rules designed to eliminate “bank junk fees.” While popular on the surface, the new rules did little to address the various levels of risk and the ability to provide credit. In March of… Read More

April 17, 2025 @ 11:40 am By JD Alois  |  

Regulation A or Reg A+ will be the topic of discussion for the SEC’s next Small Business Capital Formation Advisory Committee (SBCFAC) meeting which will take place on May 6th. The announcement of the topic shares that the Committee will review how firms are using… Read More

April 17, 2025 @ 9:07 am By JD Alois  |  

The SEC’s Crypto Task Force meets next week, and the mission of this gathering is to discuss crypto custody. Commissioner Hester Peirce, who leads the Task Force, said the move to integrate crypto asset custody within the regulatory structure is one of the most challenging… Read More

April 16, 2025 @ 7:56 am By Omar Faridi  |  

The U.S. Securities and Exchange Commission (SEC) has approved the Green Impact Exchange (GIX), marking a key milestone for sustainable investing. Set to launch in early 2026, GIX will reportedly be the first U.S. national securities exchange dedicated to the $35 trillion global green economy…. Read More

April 15, 2025 @ 9:51 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has established its presence in the USA and Asia Pacific. This new move is said to be part of its new strategy. The FCA is the top securities regulator in the UK and uniquely holds a mandate to ensure… Read More

April 15, 2025 @ 8:52 am By JD Alois  |  

Digital asset firm Elliptic will be working with Monerium on enabling compliance and AML solutions under the MiCA regulation in Europe. The two firms note that real-time, multi-chain compliance cuts manual intervention by 60%, supporting Monerium’s Euro (EURe) stablecoin and other operations. Monerium holds an… Read More

April 14, 2025 @ 7:43 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) has released an assessment of the level of preparedness among local banks, in view of the amendments to EU banking regulations known as CRR3. This follows an industry-wide survey conducted in 2024, which revealed different “levels of readiness among… Read More

April 13, 2025 @ 1:39 pm By Michael Wong  |  

The US Securities and Exchange Commission’s (SEC) Crypto Task Force convened its second roundtable in Washington, D.C., spotlighting the challenges and opportunities surrounding crypto trading in the United States. Acting Chairman Mark T. Uyeda, addressing an audience of regulators, industry representatives, and legal experts, drew… Read More

April 11, 2025 @ 10:22 am By JD Alois  |  

The US Department of Justice is pursuing criminal charges against Albert Saniger, the former CEO of nate, for allegedly defrauding investors out of $40 million. Nate was an artificial intelligence firm that claimed to have proprietary technology while employing real people to do the work…. Read More

April 10, 2025 @ 6:37 pm By JD Alois  |  

The Securities and Exchange Commission, Division of Corporation Finance, has issued a statement on digital assets as it seeks to provide greater clarity to crypto markets. During the previous Commission, led by the Democrats, the SEC sought to undermine the digital asset offering. While telling… Read More

April 10, 2025 @ 6:04 pm By JD Alois  |  

Regulation Crowdfunding, or Reg CF, is a securities exemption that allows firms to raise up to $5 million in an online offering. While Reg D 506c and Reg A+ both allow online securities offerings, they are difficult to track due to the characteristics of the… Read More

April 10, 2025 @ 5:07 pm By JD Alois  |  

Andreessen Horowitz wants an updated version of Regulation Crowdfunding, or Reg CF, to be used to fund Non-Fungible Token (NFT) offerings. The venture group defines NFTs as “crypto assets whose value, utility, or significance is primarily derived from being a record of ownership or rights with respect to… Read More

April 10, 2025 @ 11:19 am By JD Alois  |  

Solid, a banking platform, has filed for bankruptcy. According to filings submitted to the Bankruptcy court in Delaware, the company reports unsecured trade debt totaling approximately $760,000 with a limited amount of current revenue and approximately $7 million in cash on hand and approximately $2… Read More

April 10, 2025 @ 9:17 am By JD Alois  |  

  Eurocrowd, the leading advocacy group for the securities crowdfunding market in Europe, has distributed an email describing the market as “under pressure.” Several years ago, Eurocrowd helped craft the pan-European rules that eliminated national barriers for firms and investors to participate in the sector of… Read More

April 10, 2025 @ 8:07 am By Omar Faridi  |  

Chainalysis partnered with the Spanish National Police in Operation Bonanza to dismantle an international Ponzi scheme that defrauded over 50,000 victims worldwide. This operation, which reportedly amassed more than $500 million in cryptocurrency, underscores the importance of technology and public-private collaboration in combating illicit financial… Read More

April 9, 2025 @ 9:57 pm By JD Alois  |  

Paul Atkins has been confirmed as the next Chairman of the Securities and Exchange Commission. The Senate voted to approve his nomination along party lines, 52 for and 44 against, with 4 members not voting. Current Commissioners, Mark Uyeda, Hester Peirce, and Caroline Crenshaw, joined… Read More

April 9, 2025 @ 9:32 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the Registration Statement on Form S-4 relating to the company’s previously announced reorganization and domestication from the Cayman Islands to Delaware and proposed “listing on the Nasdaq Global Select… Read More

April 9, 2025 @ 4:45 pm By JD Alois  |  

The Financial Technology Association (FTA) welcomed the House’s decision to pass the Congressional Review Act resolution overturning the Consumer Financial Protection Bureau’s (CFPB) rule for digital consumer payments. As the Senate has already passed the resolution, SJ Res. 28 now heads to the President’s desk… Read More

April 9, 2025 @ 4:38 pm By JD Alois  |  

As was posited earlier today, President Trump had a choice of taking the path of cutting deals with countries interested in negotiating trade agreements or making tariffs an ongoing policy and cratering the economy. Fortunately, the White House decided to pause tariffs for 90 days… Read More

April 9, 2025 @ 12:21 pm By JD Alois  |  

The Investor Choice Advocates Network (ICAN) is criticizing FINRA for an unnecessary delay in dealing with an application filed with the Securities and Exchange Commission. FINRA is a non-governmental regulator which has broad oversight over the securities industry. ICAN states that client Entrex Carbon Market,… Read More