Sony Bank, the banking arm of Sony Financial Group, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish …
Latest in U.S. Regulation
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U.S. Regulation
CFTC Chairman Michael Selig Urges Congress to Pass CLARITY Act Before August Recess
by Terron Goldby Terron GoldCommodity Futures Trading Commission (CFTC) Chairman Michael Selig is making one of the strongest pushes yet for comprehensive U.S. crypto regulation, calling on Congress to …
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U.S. Regulation
U.S. Senators Introduce Bill to Block China and Other Foreign Adversaries From Accessing Advanced American AI Technology
by Terron Goldby Terron GoldTwo of the lawmakers behind the landmark GENIUS Act are now turning their attention to artificial intelligence. Senators Tim Scott and Bill Hagerty have introduced new …
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U.S. Regulation
CFTC Considers Bringing Crypto-Style Perpetual Futures and 24/7 Trading to the Oil Market
by Terron Goldby Terron GoldThe U.S. Commodity Futures Trading Commission (CFTC) is exploring one of the biggest structural changes ever proposed for traditional commodity markets by …
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U.S. Regulation
Federal Reserve Moves to Tighten Stablecoin Oversight With New Customer Identification Requirements
by Terron Goldby Terron GoldThe Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to establish and maintain formal Customer Identification …
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U.S. Regulation
Illinois Becomes First State to Tax Bitcoin and Crypto Transactions as Critics Call It the Most Punitive Crypto Tax in America
by Terron Goldby Terron GoldIllinois has officially become the first U.S. state to impose a transaction-based tax on cryptocurrency activity after Governor J.B. Pritzker signed the state’s …
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U.S. Regulation
CLARITY Act Gains Momentum as Senate Prepares for Critical Post-Recess Vote
by Terron Goldby Terron GoldThe long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building in the U.S. Senate. Following …
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U.S. Regulation
Appeals Court Rejects Sam Bankman-Fried’s Bid for New Trial, Upholds FTX Fraud Conviction
by Terron Goldby Terron GoldSam Bankman-Fried suffered another major legal setback after a federal appeals court rejected his effort to overturn his conviction and secure …
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U.S. Regulation
CFTC Takes On New Mexico in Major Prediction Markets Showdown
by Terron Goldby Terron GoldThe battle over who controls the future of prediction markets in the United States has escalated dramatically. The Commodity Futures Trading …
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U.S. Regulation
New York Proposes Tougher Stablecoin Rules as State Moves to Align With Federal GENIUS Act
by Terron Goldby Terron GoldNew York’s Department of Financial Services (NYDFS) has unveiled a new stablecoin regulatory proposal designed to align the state’s oversight framework …
