April 17, 2024
This Week in Web3: Bitcoin Halving, Stablecoins, Bankman-Fried
The bitcoin halving is imminent, and crypto is on everyone’s mind this week. That’s because the technical event, which happens every four years and serves to create more scarcity of...
April 17, 2024
Senators Unveil Bipartisan Bill Outlawing Algorithmic Stablecoins
Two U.S. lawmakers have introduced legislation to govern the use of stablecoins. The legislation, announced Wednesday (April 17) by Sen. Kirsten Gillibrand (D-N.Y.) and Sen. Cynthia Lummis (R-Wyo.) would require stablecoin issuers to maintain...
April 15, 2024
Marijuana Banking, Cryptocurrency Regulation May Be Combined Into Single Bill
Proposed rules for marijuana banking and cryptocurrency regulation may be combined into a single bill. The legislation has not been finalized, but there have been talks in the U.S. Congress...
April 07, 2024
Senate Leader Prioritizes TikTok Legislation
Senate Democratic Leader Chuck Schumer has unveiled an ambitious legislative agenda for lawmakers as they prepare to return to Washington next week. Among the priorities outlined by Schumer is the...
April 02, 2024
Cannabis Businesses Find Themselves Cut Off From Banking System
More than half of all Americans live in a state that has legalized marijuana. All the same, legitimate cannabis businesses still find themselves dealing with the same problem as drug...
January 17, 2024
CFPB Says Overdraft Fees Are Junk Fees — But Are...
Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer Financial Protection Bureau (CFPB) put...
November 10, 2023
Man Gets 16-Year Prison Sentence in Alibaba IPO Fraud Case
A man was sentenced to nearly 16 years in prison for orchestrating a fraud related to Alibaba’s 2014 initial public offering (IPO). Frank Harold Rosenthal claimed to have a connection...
November 09, 2023
Former Bitwise Industries Co-CEOs Charged by SEC for Misleading Investors
The Securities and Exchange Commission (SEC) has announced charges against the former co-CEOs of Bitwise Industries, a private technology services startup based in Fresno, California. The charges against Jake Soberal and Irma Olguin...
November 05, 2023
Report: Banks Shutting Customer Accounts Over Fraud
In the banking world, it’s a practice known as “exiting” or “de-risking.” It’s what happens when a bank closes a customer account after flagging suspicious activity to crack down on...
