Lawmakers can only do so much when it comes to investor protections, Rep. Jake Auchincloss, D. Mass., said Wednesday — and FTX is the latest example. “Investors need to be doing much more due diligen...
Tag: Policy
Former Comptroller Otting joins Blockchain.com board
Blockchain.com is adding a banking expert to its board of directors, Joseph Otting, the former U.S. Comptroller of the Currency, the company said in a blog post. “I’m honored to join the board o...
The FHFA’s New Fee Policy Will Place Even More Upward Pressure On Home Prices
UNITED STATES – JANUARY 13: Sandra L. Thompson, nominee to serve as the director of the Federal … [+] Housing Finance Agency (FHFA), testifies during her Senate Banking, Housing, and Urban...
Judge Ends Trump-Era Title 42 Policy Used To Expel Migrants
Topline A federal judge on Tuesday struck down the CDC’s Title 42 border policy, which both the Trump and Biden administrations used to expel asylum-seekers by citing concerns about the spread o...
Trump officially announces 2024 presidential bid
Former President Donald Trump is running to reclaim his old job, the Republican announced after months of openly flirting with another run. “In order to make America great and glorious ag...
NY regulator warns against Congress overriding state crypto regimes
New York’s head financial services regulator wants Congress to look at her state’s rules around crypto when thinking about a national model and warned against federal laws overriding state...
Crypto-friendly Emmer wins key House leadership post
An outspoken proponent of digital assets just won a high-ranking post in Congress. Rep. Tom Emmer, R-Minn., won the race for House GOP whip, according to multiple reports. The Minnesota congres...
Ripple and Binance seek UK regulatory licenses, lawmakers are told
Ripple and Binance have asked to be licensed by the Financial Conduct Authority, UK lawmakers were told on Monday. Binance, the world’s largest crypto exchange by trading volume, is in tal...
SEC enforcements and remedies reached $6.4 billion last year
The Securities and Exchange Commission announced that penalties, as well as remedies to investors affected by criminal or civil wrongdoing, reached a total of $6.4 billion during the last federal fisc...
FDIC doesn’t back any crypto firms or cryptocurrency, says acting head
The backstop of the U.S. banking system reiterated in a line of questioning before the Senate that its safeguards don’t extend to crypto. Sen. Bob Menendez, D-N.J., a senior member of the Senate...
Senate Banking chair warns crypto could ‘crash our financial system’ following FTX collapse
Senate Banking Committee Chair Sherrod Brown, D-Ohio, is sounding the alarm on crypto following FTX’s collapse. “This year we’ve seen cryptocurrency values collapse by $2 trillion. 2,000 ...
How Policy Can Cut Gas Use And Energy Bills
Heat pumps in the snow Regulatory Assistance Project via Joe Smyth Heat pumps are hot right now. From Europe prioritizing heat pumps to cut Russian gas dependence, to the United States’ Inflation Redu...
Bahamas approves provisional liquidators for FTX assets
“Given the magnitude, urgency, and international implications of the unfolding events with regard to FTX, the Commission recognized that it had to, and moved swiftly to use its regulatory powers...
Energy Policy Is Too Often Inconsistent
SAN FRANCISCO, CA – APRIL 03: Demonstrators hold signs as they protest near the site of a … [+] fundraiser on April 3, 2013 in San Francisco, California. (Photo by Justin Sullivan/Getty Im...
GOP lawmaker donates FTX exec’s campaign contribution
Rep. Kevin Hern, R-Okla., is the latest member of Congress to donate political funds he received from an FTX executive, distancing himself after the troubled crypto exchange filed for bankruptcy prote...
Biden nominates Gruenberg for full FDIC chairmanship
President Joe Biden nominated Martin Gruenberg to chair the Federal Deposit Insurance Corporation, one of the U.S. banking regulators. Gruenberg has occupied the role in an acting capacity sinc...
Amazon set to lay off 10,000 employees as reductions mount: NYT
Amazon is on the verge of cutting 10,000 positions in what would be the company’s largest mass-firing, representing around 3% of corporate and 1% of global employees, The New York Times reported, citi...
FTX’s CFTC application to offer direct trading is dead
FTX is pulling the plug on its application to offer its automated margin in the U.S. The bankrupt crypto exchange withdrew its application, made through a subsidiary, to offer a novel structure ...
Asian Stocks to Rise on China Policy; Dollar Gains: Markets Wrap
(Bloomberg) — Asian equities looked set to open higher on Monday with support from the biggest weekly advance in US stocks since June and China’s policy shifts on Covid and property. Most Read f...
Democrats hold Senate, House still too close to call
Democrats will keep control of the Senate after tight races in Arizona and Nevada were called for the party, but as vote counting continues in several races, control of the U.S. House of Representativ...
FTX under investigation for possible criminal misconduct in the Bahamas
FTX, which filed for Chapter 11 bankruptcy protection in the U.S. on Friday, is now under investigation in its headquarters of the Bahamas. “In light of the collapse of FTX globally and the prov...
Rep. Brad Sherman asks for increased regulation, calls out ‘billionaire crypto bros’
Congressman Brad Sherman, D-Calif., is the latest politician to call for increased regulation of the cryptocurrency market in the wake of FTX’s multibillion-dollar downfall. “The sud...
Bahamas regulator contradicts FTX claim that it was required to process local withdrawals
The Securities Commission of the Bahamas (SCB) did not require failed crypto exchange FTX to allow withdrawals for users in the country, according to a statement shared on the financial regulator̵...
Groundbreaking Nutrition-Climate Initiative Launched At COP27
Contributing to the growing momentum around food and agriculture at COP27— and in a groundbreaking moment for the Conference of the Parties— Egypt (in its role as COP27 Presidency) and the World Healt...
Sen. Pat Toomey slams Congress’s failure to produce crypto regulation in good time
Sen. Pat Toomey criticized the the slow process of passing U.S. crypto trading regulations. Hostility and a lack of transparency by the SEC, alongside a failure to pass regulatory guardrails, ha...
Buterin breaks silence on FTX debacle, says ‘fraud cuts deeper’
Ethereum founder Vitalik Buterin made his first direct comments on FTX’s spectacular collapse late Friday, accusing former FTX CEO Sam Bankman-Fried of “virtue signaling.” Unli...
California moves to suspend BlockFi’s lending license in state
California’s Department of Financial Protection and Innovation issued a notice to suspend crypto lender BlockFi’s license in the state for 30 days pending an investigation into the company...
New York Fed, several big banks testing ‘regulated liability network’
The Federal Reserve Bank of New York is poised to unveil a proof-of-concept for “regulated liability networks” — an experiment around tracking and transmitting tokenized debt issued by an array of reg...
Elon Musk Strict Return to Office Policy Hits Twitter
Twitter owner Elon Musk said in his first email to employees that he expects them to return to the office. Musk said employees must report to the office at least 40 hours per week, except in cases he ...