Citigroup’s new launch seeks to broaden access to private markets
Citigroup recently launched an initiative that seeks to broadens access to private markets for both global issuers and investors. Citigroup’s launch of Digital Depositary Receipts on private shares marks the first time a global financial services company is both issuing and acting as a custodian for tokenized depositary receipts representing private companies. Private companies are seeking alternate routes to access liquidity instead of navigating fragmented secondary m...
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CSBS makes recommendations to proposed rule on GENIUS Act implementation
The Conference of State Bank Supervisors (CSBS) has recommended changes to the Federal Deposit Insurance Corporation’s...Read More »
Rep. Estes introduces resolution in opposition to digital services taxes
U.S. Rep. Ron Estes (R-KS) introduced a bipartisan resolution expressing opposition to digital services taxes (DSTs) and...Read More »
FinCEN issues advisory for financial institutions
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory for financial i...Read More »
Leading U.S. banks launch digital payments initiative
A group of leading U.S. banks are launching a digital payments initiative that seeks to modernize money movement across ...Read More »
Majority of Americans think Congress should use caution when considering digital asset legislation
A majority of Americans, 61 percent, believe that Congress should be cautious when considering the Clarity Act, legislat...Read More »
Treasury targets four Iranian digital asset exchanges as part of Economic Fury
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently designated four Iranian digital...Read More »
Rep. Kim introduces bill to support U.S. businesses abroad
U.S. Rep. Young Kim (R-CA) introduced legislation recently that seeks to provide additional support for U.S. businesses ...Read More »
Treasury, IRS issue guidance on tax exemptions for foreign governments
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued guidance on the applicability dates of...Read More »
Sen. Warren presses fintech about consumer protection issues
U.S. Sen. Elizabeth Warren (D-MA) has expressed concerns about reports of significant transaction and payment issues exp...Read More »
FDIC-Insured institution report net income of $80.5B in first quarter
The Federal Deposit Insurance Corporation (FDIC) announced its insured institution reported a 1.26 percent return on ass...Read More »
