On July 12, U.S. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) reintroduced legislation, titled the Responsible Financial Innovation Act that would establish a comprehensive regulatory framework for crypto...more
7/17/2023
/ Bank Secrecy Act ,
CFTC ,
Cryptoassets ,
Depository Institutions ,
Financial Fraud ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Proposed Legislation ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
U.S. Treasury
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more
6/28/2023
/ CFTC ,
Coinbase ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Wallets ,
Financial Regulatory Reform ,
Financial Services Industry ,
International Monetary Fund ,
Regulatory Agenda ,
SCOTUS ,
Securities and Exchange Commission (SEC)
New York Attorney General Letitia James led a bipartisan multistate coalition to reach a $24 million settlement with cryptocurrency company Nexo for allegedly offering and selling unregistered securities and commodities. As...more