Regulatory (54)

Central Bank Digital Currency On Agenda for New House Crypto Working Group

Congresswoman Maxine Waters announced Democrats in the House of Representatives will spearhead a new working group focused on cryptocurrency policy. So reports The Block.


Senator Warren Calls Out BTC, Doge for 'Significant Problems'

Massachusetts Sen. Elizabeth Warren said there are “significant problems” with cryptocurrency and cited volatility and crime among them. So reports Mass Live.


Fintechs Kabbage, BlueVine at Heart of Investigation Into Fraudulent PPP Loans  

Congress has opened an investigation into the activities of several fintech firms and their partner banks after learning of widespread fraud related to Paycheck Protection Program loans offered in the wake of the COVID-19 pandemic.


Cryptocurrency Deals of $10K or More Must Be Reported to IRS: Treasury Dept.

The Treasury Department is cracking down on cryptocurrency transactions and announced it is requiring any transfer of at least $10,000 to be reported. So reports CNBC.


OCC’s Hsu Orders Comprehensive Review of Crypto-guidance

The U.S. Office of the Comptroller of the Currency is going to revisit its crypto-guidance. New chief Michael Hsu said a comprehensive look at interpretive letters, pending regulatory matters and past guidance will be reviewed. So reports Coindesk.


SEC Chairman: Stock Trading Looking an Awful Lot Like Video Gaming

Gary Gensler, chairman of the Securities and Exchange Commission, told members of Congress he is worried that new fintech trading platforms have turned the stock market into a video game.


Regulators Make Call for Input on Growing Use of AI in Banking


A cohort of federal regulatory agencies in the U.S. is seeking input regarding the future of artificial intelligence in financial institutions, according to the entities. The groups are asking the public to weigh in on a number of considerations, including customer service, fraud prevention, credit underwriting and other financial operations.


Crypto Market Seems to Like the Idea of SEC Chairman Gensler

The cryptocurrency market hit a $1.7 trillion market cap as the Senate Banking Committee gave its endorsement of Gary Gensler, President Joe Biden’s nominee to head the Securities and Exchange Commission. So reports Finance Magnates.


Gensler Tips Hand on How He’ll Treat Crypto If Confirmed to SEC Post

Gary Gensler, President Joe Biden’s prospective pick to lead the U.S. Securities and Exchange Commission, said he is open to the idea of digital currencies, but warns investors must be “adequately protected.” So reports Fox Business.


China Lays Out 5-year Regulatory Plan Aimed at Curbing Fintech Consolidation

In an effort to combat monopolies and bolster risk control, China is planning “special and innovative regulatory measures” on fintech giants like Ant Group Co. So reports Bloomberg.


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