Europe reportedly wants tougher criteria for bidding on government cloud projects. That’s according to a report Monday (June 1) from Reuters, which said that this move by the European Commission (EC) could leave companies such as Amazon, Google and Microsoft locked out from such projects....
Wise is facing an investigation in Europe related to possible criminal usage of its services. The money transfer company confirmed the investigation in a statement issued Monday (June 1), following a report from the The Bureau of Investigative Journalism that the Public Prosecutor’s office in Belgium...
JPMorgan Chase is going to fight the Clarity Act, Chairman and CEO Jamie Dimon said Friday (May 29). Speaking on the Fox Business show “Mornings with Maria,” Dimon said that if crypto companies like Coinbase are going to take deposits like a bank, they should be regulated like a...
Kalshi has sued Minnesota in federal court to block a state law that would prohibit the operation and promotion of prediction markets within its borders, beginning Aug. 1, CoinDesk reported Friday (May 29). The company argues in its lawsuit that the Minnesota law violates the Commodity Futures Trading Commission’s...
A top White House cyber policy official is set to leave her position, Nextgov/FCW reported Thursday (May 28), citing unnamed sources. Alexandra Seymour, principal deputy assistant national cyber director for policy at the Office of the National Cyber Director (ONCD), plans to depart within two weeks, according to the...
CNN has sued Perplexity for alleged unlawful copying and distribution of the news network’s material. In its own report Thursday (May 28) on the lawsuit, CNN noted that the litigation is the latest in a string of legal cases brought by publishers against artificial intelligence...
A proposed rule for prediction markets submitted Tuesday (May 26) by the Commodity Futures Trading Commission (CFTC) is undergoing a regulatory review by the Office of Management and Budget, according to a U.S. government website. The rule has not yet been published, according to the...
Wall Street lenders are reportedly lobbying the Federal Reserve to solidify its regulatory regime. That’s according to a report Tuesday (May 26) by Reuters, which says the thinking behind these banks is to cement changes that cannot be easily overturned by Democratic administrations in the future. According to the...
Federal regulators are reportedly investigating lenders backed by the Community Development Financial Institutions (CDFI) program. As Bloomberg Law reported Tuesday (May 26), that’s a program that President Donald Trump’s administration is seeking to slash, despite strong bipartisan support. The report, citing documents obtained by Bloomberg...