News with the tag "Regulators"

U.S. Federal Reserve Chair Jerome Powell has issued a warning about the future of the American economy. While delivering opening remarks at the Second Thomas Laubach Research Conference in Washington DC, Powell noted that “longer-term inflation expectations” have driven up real interest rates , whic...

A proposed law to establish a US regulatory framework for stablecoins may soon head back to the floor after Senate negotiators reportedly resolved some disagreements on the provisions of the bill. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act hit a roadblock earlie...

The nation of Saudi Arabia is reportedly forgoing formal membership in the intercontinental economic alliance BRICS as a means of avoiding antagonizing the US. According to a new report by Reuters, two anonymous sources familiar with the matter say that Saudi Arabia – which was invited to BRICS in 2...

President Donald Trump is continuing his broadside against Jerome Powell, criticizing the Federal Reserve chair for not slashing interest rates. On Thursday, Trump took to his social media platform, Truth Social, to call Powell “a fool” who “doesn’t have a clue.” The day before, the Federal Open Mar...

Senate Democrats are pushing for new legislation that aims to prevent cryptocurrency-related corruption among top US officials. US Democratic senators led by Jeff Merkley (D-Ore.) and Senate Democratic leader Chuck Schumer (D-NY) introduced the End Crypto Corruption Act of 2025 to prevent the presid...

Regulators in the European Union (EU) have released new guidance on blockchain technology as it pertains to the processing of personal data. In a new report , the European Data Protection Board (EDPB) says that in order to properly comply with the EU’s General Data Protection Regulation (GDPR), “eva...

The head of a fintech giant SoFi says the firm is bringing back crypto banking thanks to the new presidential administration’s stance on the industry. In a new interview with CNBC, SoFi CEO Anthony Noto says crypto is returning to the company after SoFi had to halt crypto activities in 2023 due to r...

Crypto lender Nexo says it’s planning to reopen operations in the United States as the country has become more welcoming of digital assets. In a new thread on the social media platform X, Nexo says it will resume services for American customers after shutting them down about two years ago when runni...

Celsius founder and ex-CEO Alex Mashinsky is facing two decades in prison for his role in the multibillion collapse of the former crypto lending firm. According to a new court filing, the U.S. Attorney’s Office for the Southern District of New York is asking a federal judge to sentence Mashinsky to ...

Democrat Senator Jon Ossoff of Georgia is reportedly calling for Donald Trump’s impeachment, alleging that the president leveraged his memecoin to meet with certain people. According to a new report by CNBC, Ossoff told attendees at a town hall that Trump has already met the standard to face impeach...