The Internal Revenue Service (IRS) has laid out a plan to end the large pandemic backlog of unprocessed tax returns. The biggest part of the plan is to hire 10,000 new IRS employees to tackle the ...
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Paxos, a regulated blockchain infrastructure platform, has received approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services. With this license, Paxos bec...
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A new survey showing that American consumers support cannabis banking is one more reason why the Safe Banking Act should be approved by Congress, says U.S. Rep. Ed Perlmutter (D-CO). “More evide...
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In the wake of the House of Representatives passing the $1.5 trillion omnibus spending bill, the House Committee on Financial Services touted several provisions included in the measure. The omnib...
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U.S. Sen. Marsha Blackburn (R-TN) is among a group of senators who introduced legislation that would require new standards and guidelines for Chinaʻs digital currency, the digital yuan. Blackburn...
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The U.S. Securities and Exchange Commission (SEC) has proposed rule changes designed to enhance and standardize disclosures for cybersecurity risk management by public companies. The proposed amend...
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The National Association of Federally-Insured Credit Unions (NAFCU) recently applauded Congressional inclusion of the Credit Union Governance Modernization Act (CUGMA) in the fiscal omnibus spending b...
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Members of Congress generally responded favorably to President Joe Biden’s executive order on cryptocurrencies issued Wednesday. U.S. Sen. Sherrod Brown (D-OH), chairman of the Senate Committee ...
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The White House announced Wednesday that President Joe Biden signed an executive order directing the federal government to look into cryptocurrencies and how to regulate the industry. According to...
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Republican members of the House Financial Services Committee are urging Committee Chair Maxine Waters (D-CA) to act on a slate of legislative proposals that seek to further isolate the Putin regime in...
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The U.S. Treasury’s Financial Literacy and Education Commission (FLEC) will form a new subgroup on digital asset financial education. This subgroup will work to develop consumer-friendly, trustwort...
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Americans for Safe Access (ASA) and the International Cannabis Bar Association (INCBA) are advocating United States Patent Trademark Office (USPTO) cannabis industry trademark protections. “Lack...
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The U.S. Securities and Exchange Commission (SEC) recently outlined charges against a pair of siblings, alleging they defrauded retail investors out of over $124 million through two unregistered fraud...
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Blockchain ecosystem and cryptocurrency infrastructure provider Binance has launched Bifinity, a payments technology company Binance noted would serve as its fiat-to-crypto payments provider. Fiat ...
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California's Department of Cannabis Control (DCC) has issued a regulatory proposal the agency said seeks to streamline and simplify cannabis regulations while addressing consumer protections and emerg...
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The U.S. Department of the Treasury issued a new report that says the lack of competition in the labor market has caused wage declines of roughly 20 percent for workers. The State of Labor Market C...
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U.S. Sen. Sherrod Brown (D-OH) introduced a bill in the Senate that would prohibit banks and other financial institutions from using forced arbitration clauses against consumers who want to seek resti...
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A group of Congressmen, led by U.S. Reps. Bill Pascrell (D-NJ) and Tom Rice (R-SC) are seeking answers from U.S. Treasury Secretary Janet Yellen on how the Biden administration will enforce new sancti...
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Cryptocurrency exchange firm Bitget said its derivatives trading volume reached a record high of 8.69 billion on Feb. 28, 2022, representing a 300 percent increase over the prior year. The increase...
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The Drug Policy Alliance has joined over 50 groups in encouraging lawmakers to remove the appropriations rider preventing Washington, D.C., from establishing a regulatory marijuana framework. The o...
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