FTX Trading and its affiliated debtors said Friday that they would seek the return of crypto controlled by the Securities Commission of the Bahamas to their chapter 11 estates for the benefit of credi...
Tag: Regulation
Binance.US deal with Voyager may fall under federal committee review
An agreement between Binance.US and bankrupt crypto lender Voyager Digital may be subject to review by the Committee on Foreign Investment in the United States (CFIUS), court filings showed. The...
Joe Biden’s Happy New Year In Federal Regulation
Tomorrow is New Year’s Eve. Today, December 30, 2022, is the last federal workday of the year. This affords the opportunity to survey the Federal Register and the flow of federal regulations for the s...
Kala Pharmaceuticals stock up 750% in 3 days after upbeat FDA news on PCED treatment
Shares of Kala Pharmaceuticals Inc. KALA, +60.35% have rocketed higher in for three-straight sessions, toward a more-than 8-fold gain, since the biopharmaceutical company announced positive news regar...
Refining An Insect-Enabled Process For Making Animal Food From Low Value Crop Sidestreams
The larvae of the Black Soldier Fly (Hermetia illucens) will eat an wide range of food system … [+] sidestreams and turn them into nutritious protein and oil. The adult phase is the short-lived,...
Biden Voices Support for Crypto Regulation
The FTX collapse is going to go down as one of the biggest flops to ever occur in crypto. The event has caused several politicians to enter the regulatory call factory, one of which is Joe Biden. Joe ...
Crypto Winter Gets Colder as Kraken Closes Japanese Operations
The crypto winter just got a bit colder. Cryptocurrency exchange Kraken said it had decided to cease its operations in Japan and deregister from the country’s regulatory agency as of Jan. 31. T...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
Facing Litigation And Years-Long Push For Increased Regulation, Conglomerate Ends Production Of PFAS Chemicals
3M factory (Photo by DAVID PINTENS/BELGA/AFP via Getty Images) BELGA/AFP via Getty Images The Environmental Protection Agency describes PFAS, the acronym referring to Per- and Polyfluoroalkyl chemical...
Kala Pharmaceuticals stock rockets nearly 300% after FDA OKs IND application for PCED treatment
Shares of Kala Pharmaceuticals Inc. KALA, +219.90% quadrupled in very volatile trading Wednesday, after the biopharmaceutical company said the Food and Drug Administration accepted its investigational...
Workers and retirees are getting some year-end goodies from Washington
America’s workers and retirees are getting some nice year-end gifts from Washington. As part of a bigger bill to keep the government running, Congress has passed, and President Biden has signed, somet...
Argentine Senate Mulls Crypto Advertisement Regulation – Regulation Bitcoin News
The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations promote crypto. The objective of the project, which is still under discussio...
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse – Regulation Bitcoin News
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX whi...
3 Bitcoin Predictions for 2023 From a Crypto Executive Who Called the Market Top
Bitcoin and other cryptocurrencies are limping out of a historically bad year, but it’s not all doom and gloom for 2023, according to one crypto executive who pretty much called the late-2021 market t...
National Storage Sees Big Insider Stock Buys
Shares of self-storage firm National Storage Affiliates Trust have tumbled in 2022, and are now trading near a two-year low. Two insiders, including a company founder, purchased large amounts of stock...
FTX collapse calls for ‘prudent regulation’ in the UK
The collapse of FTX is being viewed as a cautionary tale and a precursor for more prudent regulation by public and private sector players in the United Kingdom. Bank of England deputy governor Sir Jon...
Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto – Regulation Bitcoin News
The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds t...
Opinion: Opinion: FTX was a warning. We must plug the other holes in the Swiss cheese.
FTX’s unraveling should not have come as any great surprise. When an unregulated market like crypto is opened to financial novices, mistakes are bound to be made and fraudsters are sure to take advant...
FTX, Luna, Celsius, Voyager: The Year of Crypto Bankruptcies
When the subject is cryptocurrencies, bitcoin usually dominates. The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurr...
D.C. spending deal sets way for employers to help workers build cash savings
As people watch their savings sink under inflation’s pressure, one provision in the congressional year-end spending deal aims to make it easier for workers to save money for life’s unexpected expenses...
Stock Selloff Hits Life Insurers’ Fastest-Growing Product
Listen to article (2 minutes) The hottest thing in life insurance for more than a decade might be cooling off. A long-running stock-market rally and low interest rates combined to create the perfect c...
From T-Mobile to Starry Group Stock. Lessons From My Picks in 2022.
The year was humbling for many in markets. Growth stocks, the dominant trade for much of the past decade, fell out of favor. There were few winners to be found outside of the energy sector. Bond price...
Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers – Regulation Bitcoin News
Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohib...
Australia Hints Crypto Regulation Will Arrive in 2023
The government of Australia has hinted it’s going to be implementing cryptocurrency regulations in 2023. The announcement comes on the heels of the FTX collapse, which will likely go down as one of th...
Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK – Regulation Bitcoin News
Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about ...
IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.
To avert taxpayer confusion in the upcoming tax season, the IRS is delaying a rule that would have required e-commerce sites and payment platforms like eBay EBAY, +0.12%, Etsy ETSY, -0.32% and PayPal ...
SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. ...
Regulation Alone Isn’t Enough To Address Shortcomings Of Crypto
Advertisement     According to Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB), solid foundations for the broader digital finance eco...
Democrats release six years of Trump’s tax returns, and CPAs have questions: ‘The personal tax return is just the tip of the iceberg.’
The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, ...