Regulatory (58)

Congress Mulls Adding Crypto Into 'Anti-abuse' Wash Rule

The U.S. government is again considering tinkering with crypto classifications, and the potential changes being mulled would have major implications regarding future tax liability should they come to fruition.


U.S. Government Signals Full Crypto Integration All But Inevitable

This summer has proven to be a milestone month for fintech and cryptocurrency codification as broad-stroke regulation is being hammered out across the board.


Elizabeth Warren Warns Crypto is 'Opaque and Volatile'

U.S. Sen. Elizabeth Warren said financial markets and consumers are facing a growing risk due to cryptocurrency’s lack of regulation. So reports Reuters.


Robinhood Gets Hit with Record Fines for Misleading Customers, System Failures

The Financial Industry Regulatory Authority (FINRA) levied a record-setting fine against stock trading app Robinhood for the “significant harm” the company has caused customers, including providing them false information and failing to support them during widespread system outages in March of 2020 during some of the most volatile trading days in recent history.


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.


Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.