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Regulators

European Central Bank Pushing for Digital Euro To Counter Trump’s Support for Stablecoins: Report

The European Union's central bank is reportedly pushing for a digital euro to counter US President Donald Trump's embrace of…

January 25, 2025

Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash

Two Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly…

January 25, 2025

Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest

The Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading…

January 24, 2025

Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit…

January 24, 2025

Despite End-of-Year Uptick, Gary Gensler’s SEC Cut Down Crypto Sanctions by 30% in 2024: Report

A new report from the financial insights firm Cornerstone Research claims that Gary Gensler slowed down crypto enforcement actions in…

January 24, 2025

Taiwanese Financial Regulator To Propose Law That Would Enable Banks To Issue Stablecoins: Report

The independent government agency regulating Taiwan's financial markets will reportedly propose a special law that will allow banks to issue…

January 24, 2025

Singapore Court Approves Next Step in Crypto Exchange WazirX’s Repayment Process After Massive $230,000,000 Hack

Indian crypto exchange WazirX has just secured the approval of the Singapore High Court to convene with its users in…

January 24, 2025

President Trump Eliminates SAB 121, Allowing Banks To Custody Bitcoin and Crypto Assets

President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks…

January 23, 2025

President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins

President Trump just signed an executive order to evaluate the creation of a strategic national Bitcoin and crypto stockpile, as…

January 23, 2025

Crypto Services Firm Admits To Wash-Trading Coin Created by Feds in Undercover Operation

A United Arab Emirates (UAE) crypto services firm will plead guilty to charges related to a wash trading scheme to…

January 23, 2025