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Author: Kim Riley

Senators unveil marijuana decriminalization bill; Schumer hopes to pass legislation this year

By Kim Riley  |   July 21, 2022   |   Cannabis Banking

U.S. Senate Majority Leader Chuck Schumer (D-NY) on Thursday joined U.S. Sens. Cory Booker (D-NJ) and U.S. Senate Finance Committee Chairman Ron Wyden (D-OR) in introducing legislation to federally de...

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SEC’s info gathering from private crypto, blockchain firms comes under federal scrutiny

By Kim Riley  |   March 17, 2022   |   Digital Currency

To ensure transparency and accountability, a bipartisan contingent of federal lawmakers earlier this week requested that the Securities and Exchange Commission (SEC) detail its information-seeking req...

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U.S. consumers support cannabis banking, ABA survey says

By Kim Riley  |   March 11, 2022   |   Cannabis Banking

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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U.S. House advances Rep. Perlmutter’s cannabis banking reform amendment

By Kim Riley  |   February 4, 2022   |   Cannabis Banking

A popular cannabis banking reform amendment offered by U.S. Rep. Ed Perlmutter (D-CO) that would provide protections to financial institutions serving legal cannabis-based businesses on Friday receive...

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U.S. Rep. Emmer: ‘Increasingly concerned’ about digital currency policy protections

By Kim Riley  |   January 26, 2022   |   Digital Currency

As other countries like China develop central bank digital currencies (CBDCs) that lack the same benefits and protections of cash, the United States must ensure that it produces policy that protects t...

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How the United States can become a global digital assets leader

By Kim Riley  |   January 19, 2022   |   Digital Currency

The United States urgently needs to create a central regulatory framework for digital assets that protects all parties involved to minimize fraud and abuse, according to several experts, who think tha...

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access

Digital Currency

  • Rep. Waters seeks information from Kansas City Fed on crypto exchange approval
  • Mastercard purchases stablecoin company
  • SEC clarifies how federal securities laws apply to certain crypto assets
  • Fintech marketplace Upstart submits application to federal regulators for a bank charter
  • Scam Center Strike Force seizures surpass more than $580M in cryptocurrency

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