The U.S. Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Coinbase as it continues to crack down on the industry. So reports Reuters. 

As is often the case, rulemaking for nascent financial technologies pits the benefits of innovation against potential abuses derived from a lack of oversight. To that end, the American Fintech Council (AFC) is calling on California officials to rethink a proposal that would treat earned wage access (EWA) providers the same way it treats lenders, which strikes at the very heart of the existential paycheck question; when do wages become the property of the worker who earned them?

Sweeping, holistic cryptocurrency regulation is trending. On the heels of the landmark “markets in crypto-assets” (MiCA) framework recently codified by the European Council, the International Organization of Securities Commissions (IOSCO) issued broad and overarching recommendations for a worldwide framework detailing crypto asset best practices and regulations.

The European Union (EU) codified a landmark regulatory framework that lays out guidelines for crypto-asset service providers and issuers at a union-wide level for the first time ever.