NY’s proposal brings the department’s regulatory regime in line with US requirements while new ethics language in the CLARITY Act seeks to tamp down on conflicts of interest.
FinCEN and banking regulators seek to establish the minimum standards for a payment stablecoin issuer’s customer identification programs.
The compromise would allow transaction-based incentives similar to credit card rewards.
New report could suggest a retreat from digital asset enforcement. That conclusion would be understandable – and wrong.
FinCEN also seeks to oversee more of the AML/CFT supervision process by requiring US banking regulators to consult with it before undertaking certain supervisory or enforcement actions.
Nasdaq report warns of “industrialized” crime crisis that is significantly outpacing the legitimate global economy.
Alice and Rob spoke about tokenized assets, GenAI, buy-now pay-later, the predictions marketplace, and more.
In a speech, Chair Travis Hill said the FDIC plans to propose rules saying that stablecoins are not eligible for FDIC pass-through insurance.
