Politics, Legal & Regulation

March 17, 2025 @ 9:44 am By JD Alois  |  

Two competitors in the payroll, HR, and payments sector are headed to a court battle, it seems. Via X, Rippling CEO Parker Conrad announced they had filed a lawsuit alleging that Deel cultivated a spy at his company who allegedly stole company information in a… Read More

March 17, 2025 @ 9:08 am By Omar Faridi  |  

A survey commissioned by DailyPay and the Bipartisan Policy Center conducted by The Harris Poll among over 1,000 tipped employees (defined as those who work in the service industry and earn tips for their job) reveals that a “significant majority of tipped employees (85%) are… Read More

March 17, 2025 @ 8:52 am By Tony Zerucha  |  

Recent cryptocurrency-related moves from Washington generated mixed reactions from industry insiders. Some moves were more important than the markets may think, while others lacked substance. SPACE ID director of business development Harrison Seletsky said that despite the market’s tepid reaction to the crypto reserve announcement,… Read More

March 15, 2025 @ 4:14 pm By Robin Sosnow and Jason Siev  |  

The U.S. Securities and Exchange Commission (SEC) just made a game-changing move for capital raisers utilizing Rule 506(c) under Regulation D. On March 12, 2025; the SEC issued two new C&DIs as well as a pivotal no-action letter (the “Latham No-Action Letter”) which together significantly… Read More

March 15, 2025 @ 3:48 pm By Omar Faridi  |  

Canada’s Fintech ecosystem stands at a critical juncture, teetering somewhere between immense potential and possible stagnation. A recent interview by the Toronto Star with EQ Bank CEO Andrew Moor underscores a somewhat harsh reality: while global economic challenges like North America’s tariff and trade war… Read More

March 14, 2025 @ 5:25 pm By Omar Faridi  |  

In the fast-evolving yet still nascent ecosystem of web3 and cryptocurrency, stablecoins— virtual currencies pegged to stable assets like the U.S. dollar—have emerged as a cornerstone of the digital finance ecosystem, with a market value reaching $227 billion+ at the time of writing. However, their… Read More

March 14, 2025 @ 5:23 pm By Omar Faridi  |  

Bolivia finds itself dealing with a severe economic crisis, marked by a drastic shortage of U.S. dollars and declining foreign currency reserves. This situation is somewhat similar to what nearby nations are dealing with as well, particularly Venezuela and El Salvador. Moreover, the broader LatAm,… Read More

March 14, 2025 @ 12:02 pm By JD Alois  |  

Binance founder and former CEO Changpang “CZ” Zhao says the recent report by WSJ.com got some facts wrong. Apparently, chatter regarding the possible sale of, or investment in, Binance US to the Trump family is inaccurate, and rumblings that he would receive a pardon as… Read More

March 14, 2025 @ 8:24 am By Omar Faridi  |  

MorganAsh recently hosted a webinar featuring Jess Trueman, Head of Business Development at Smart Money People, alongside James Edmond and Martin Grimwood, to explore how businesses can enhance their board reporting on vulnerable customer data under the Consumer Duty framework. The discussion centered on aligning… Read More

March 14, 2025 @ 8:19 am By Omar Faridi  |  

Circle Internet Group, Inc., a financial technology firm and a stablecoin market participant, was reportedly the “first” firm in the crypto market to receive comprehensive licensing under the Bermuda Monetary Authority (BMA) in September 2021, through its regulated subsidiary, Circle International Bermuda Limited. Building on… Read More

March 13, 2025 @ 4:56 pm By Omar Faridi  |  

In a significant policy reversal, the UK’s Financial Conduct Authority (FCA) has scrapped its controversial proposal to routinely “name and shame” firms under investigation. In the US, it is common for regulators to name the firms or individuals under investigation. If a case is settled… Read More

March 12, 2025 @ 10:32 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) recently revealed that US consumers reported losing more than $12.5 billion to fraudulent schemes in 2024. This latest figure from the FTC marks a significant 25% increase from the previous year, highlighting a concerning escalation in financial losses despite ongoing… Read More

March 12, 2025 @ 5:20 pm By JD Alois  |  

FinCEN, the enforcement arm of the US Department of Treasury, is taking an interesting approach to battling nefarious activities occurring the the US. According to a public statement, FinCEN is gunning for Mexican cartels who utilize money services businesses in the Southwest of the country…. Read More

March 12, 2025 @ 10:43 am By JD Alois  |  

The UK Payment Systems Regulator (PSR)will be shuttered by the UK government. The move is described as reducing “red tape” or “unnecessary regulation” to improve growth by reducing the burdens ladled upon businesses. The PSR oversees payment systems like card rails. Its responsibilities will be… Read More

March 12, 2025 @ 9:32 am By Omar Faridi  |  

On March 7, 2025, the US Department of Justice (DOJ), in an operation alongside authorities in Germany and Finland, announced the disruption of Garantex, a Russia-based cryptocurrency exchange allegedly known for its deep ties to the global cybercrime economy. This coordinated effort resulted in the… Read More

March 12, 2025 @ 8:15 am By Omar Faridi  |  

The European Union appears to be feeling the pressure to fast-track its digital euro project as the Trump administration in the United States signals a warmer embrace of cryptocurrencies, particularly stablecoins. With the European Central Bank (ECB) aiming to wrap up its testing phase for… Read More

March 12, 2025 @ 8:12 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) is stepping up efforts to address the relatively slow adoption of artificial intelligence (AI) in the banking sector, citing concerns that overly aggressive regulatory requirements may be stifling innovation. In a move to tackle this pressing issue, the FCA… Read More

March 11, 2025 @ 6:10 pm By JD Alois  |  

The House of Representatives has passed HJ Res 25, which seeks to rescind the Biden Administration’s ‘Broker Rule’, which undermined digital assets. The Senate is considering an identical document, SJ Res. 25. Introduced soon after President Trump took over the White House, the Resolution will… Read More

March 11, 2025 @ 3:41 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) has been penalized by FINRA for allegations of certain regulatory transgressions. According to the FINRA documents, Robinhood Securities must pay a fine of associated with a “failure to detect investigate, or report a wide variety of suspicious activity, including manipulative trading, suspicious… Read More

March 11, 2025 @ 3:09 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) intends to hold a series of roundtables to discuss the digital asset ecosystem and how the agency should regulate crypto. Prior to the announcement of roundtables, the SEC revealed a new Crypto Task Force led by Commissioner Hester Peirce…. Read More