United States
Crypto
Stablecoin and debanking legislation, the GENIUS and FIRM Acts, are on their way to the Senate.
Data
New Council for National Security established by the FCC specifically in response to threats posed by China.
Enforcement
SEC charges holding company with fraud, alleging that it sold $1m of fake promissory notes purportedly backed by members of the Qatari royal family.
ESG
US agencies, including the FBI, have apparently asked Citibank to freeze the accounts of several non-profit entities along with some state government agencies. Note that the “new documents” cited by the article appear to have been removed from the location to which the link in the article is pointing to.
The EPA shuts down all environmental justice offices.
Jaime Dimon defends JP Morgan’s DEI programs.
Regulation
Lori Chavez-DeRemer was confirmed to head the Department of Labor with substantial Democratic support. Widely seen as pro-labor, her appointment signals the Trump administration’s desire to garner backing from once a strongly Democratic-leaning coalition.
States are stepping up consumer finance regulation as the CFPB continues to lose power.
Nasdaq shuts down high speed trading service after widespread industry criticism and regulatory pressure.
Trump plans cuts to DoJ’s public corruption unit.
House passes bill to revoke the Biden-era classification of certain digital asset entities as brokers subject to IRS reporting rules.
DOGE cuts have little to show in the way of curbing US federal spending.
United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, has introduced the Prevent Regulatory Overreach from Turning Essential Companies into Targets (PROTECT USA) Act of 2025 legislation to shield US companies from the European Union’s (EU) harmful extraterritorial regulations.
China
According to the Foxconn CEO US tariffs are becoming a “big headache” for technology companies.
EU
Bowing in part to Hungarian threats to block the renewal (subscription) of EU sanctions against Russian individuals four Russians will be removed from the bloc’s sanction list.
EU and Canada retaliate against US tariffs.
France
French publishers have filed a lawsuit against Meta accusing it of unlawfully training (subscription) its AI models on copyrighted content.
India
Hunters International, a hacker group, published some of the data it claims to have stolen from Tata Technologies presumably in an effort to put pressure on the company to pay its ransom demands.
International
We have previously mentioned the grandstanding and posturing that COP conference are, or have become. In the instance of this story, no further comment is needed.
The head of the obesity program at the Novo Nordisk Foundation works as a paid adviser to Ferrero, the chocolate maker. Critics point out a “glaring conflict of interest”.
IOSCO has published its work program for 2025, with priorities including open-ended funds liquidity management, pre-hedging practices and addressing risks in fintech and sustainable finance.
Germany
Deutsche Bank disclosed that a former senior banker has sued (subscription) it for alleged harm to his career as a result of criminal proceedings in the Mote dei Paschi di Siena accounting scandal.
Singapore
SalesForce will invest $1bn in Singapore over the next five years in support of the city state’s National AI Strategy 2.0.
UK
Deutsche Bank is “reviewing” (subscription) its presence in Canary Wharf.
More allegations have been published (subscription) against former UK city minister and labour MP by anti-corruption authorities in Bangladesh.
Consultants advised Aberdeen against “Abrdn” name change.
