In the latest twist in the federal cannabis legalization process, President Donald Trump has nominated former Virginia state official and DEA officer, Terrance Cole, to head the Drug Enforcement Administration (“DEA”). Since...more
On January 1, 2024 a new tax reporting requirement for crypto users went into effect. The new law was a provision in the Infrastructure Investment and Jobs act passed in November of 2021....more
The Corporate Transparency Act mandates certain reporting requirements for beneficial ownership information for certain companies, with the goal of preventing the illicit use of anonymous shell companies for financial crimes....more
1/16/2024
/ Accounting ,
Banks ,
Broker-Dealer ,
Clearing Agencies ,
Commodity Exchange Act (CEA) ,
Corporate Transparency Act ,
Credit Unions ,
Exemptions ,
Financial Market Utilities ,
Government Entities ,
Investment Adviser ,
Money Services Business ,
Nasdaq ,
NYSE ,
Pooled Investment Vehicles ,
Popular ,
Public Utility ,
Publicly-Traded Companies ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Tax Exempt Entities ,
Venture Capital
In December of 2023, Dr. Sunil Aggarwal of Advanced Integrative Medical Science Institute, filed a petition with the Ninth Circuit Court requesting a new order requiring the Drug Enforcement Administration (“DEA”) to refer...more
On September 27, The SAFER Banking Act passed the Senate Banking Committee with a bipartisan vote of 14-9. The successful vote marks the first time a version of the cannabis banking legislation has passed a Senate Committee...more
Despite large amounts of support from legislators and California citizens, on October 7 Governor Gavin Newsom vetoed a piece of legislation that would decriminalize the possession, preparation, obtaining, and transportation...more