For the second time in a month, the Securities and Exchange Commission has the crypto industry up in arms about what it calls an attempt at backdoor regulation that, depending on who you ask, falls anywhere on the spectrum between opaque and unconstitutional. Get the...
Shanghai’s market regulator has summoned a dozen eCommerce firms, including food delivery platforms Meituan and eleme.me, to discuss a range of topics including price gouging during the COVID pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
This was an active week for BigTech, particularly for Apple and Microsoft, both facing new antitrust problems in Europe. In addition, Apple’s CEO once again stated publicly that new regulations that would open up its App Store put people’s privacy at risk. The week was...
Former Treasury official Michael Barr is President Joe Biden’s leading contender to serve as the vice chairman of banking supervision for the Federal Reserve, according to multiple media reports on Wednesday (April 13) citing unnamed sources with insider information. Get the Full Story Complete the...
Federal Trade Commission (FTC) Chair Lina Khan said on Monday (April 11) that it is time for the agency to “reassess” rules around what data companies can collect from consumers. She called for a new approach to consumer data protection to replace the companies’ privacy...
The U.S. Treasury published a report on Thursday (April 7) titled “The State of Labor Market Competition” that summarized the impact of uncompetitive firm behavior in labor markets. The report discusses how excessive concentration in the market, non-compete agreements or the misclassification of workers may...
The Financial Crimes Enforcement Network (FinCEN) has intensified its fight against money laundering for the last few years. But in this endeavor, the regulator relies on companies to establish solid anti-money laundering (AML) programs to detect illicit conducts and if they don’t have one, they...
Regulators are luring crypto firms with crypto-friendly regulations, or at least, they are trying to do so. The U.K. government announced new plans to bring stablecoins withing a regulatory framework, paving their way for use in the U.K. as a recognized form of payment. In...
The U.S. House and Senate on Thursday (April 7) each passed bills that would remove Russia’s most-favored-nation trade status and ban Russian oil imports as additional sanctions for the country’s ongoing attacks on Ukraine that date back to late February, The Wall Street Journal reported...
