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Saturday, May 17th, 2025

Home » Regulation » Page 220

Regulation

FINRA fines two funding portals for crowdfunding violations

By Dave Kovaleski   |   May 6, 2022   |   Featured

The Financial Industry Regulatory Authority (FINRA) has fined two funding portals a combined $1.75 million for failing to comply with securities laws and rules related to crowdfunding. One of the c...

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New Mexico details reports nearly $40M in cannabis sales during first month

By Douglas Clark   |   May 6, 2022   |   Cannabis Banking

During the state's first month of legalized adult-use cannabis sales, New Mexico state officials said retailers sold almost $40 million in adult-use and medical cannabis. The state's Cannabis Contr...

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Pennsylvania state measure addresses cannabis licenses, Russian businesses

By Douglas Clark   |   May 5, 2022   |   Cannabis Banking

Pennsylvania State Rep. Danilo Burgos (D-Dist. 197) has introduced a bill that revokes medical cannabis licenses for entities with ties to Russian businesses. Burgos noted on Feb. 24, 2022, Russia ...

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Sens. Carper, Ossoff advocate GAO improved tax filing recommendations

By Douglas Clark   |   May 5, 2022   |   Federal

U.S. Sens. Tom Carper (D-DE) and Jon Ossoff (D-GA) are encouraging the Internal Revenue (IRS) to adopt Government Accountability Office (GAO) recommendations regarding efforts to improve the tax filin...

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Reps. Emmer, McHenry introduce bill to restore oversight provision for COVID relief programs

By Dave Kovaleski   |   May 5, 2022   |   Featured

U.S. Reps. Tom Emmer (R-MN) and Patrick McHenry (R-NC) introduced legislation to improve oversight of COVID-related Emergency Rental Assistance programs. The Emergency Rental Assistance Accountabil...

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Sens. Portman, Brown offer bill to update asset limits for SSI beneficiaries

By Dave Kovaleski   |   May 5, 2022   |   Federal

U.S. Sens. Rob Portman (R-OH) and Sherrod Brown (D-OH) introduced legislation that seeks to update the asset limits for Supplemental Security Income (SSI) beneficiaries. SSI is a federal program th...

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Measure seeks to bolster college savings initiatives

By Douglas Clark   |   May 4, 2022   |   Federal

U.S. Sens. Susan Collins (R-ME) and Maggie Hassan (D-NH) recently introduced legislation that seeks to help parents nationwide with efforts to save for college. The Helping Parents Save for College...

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SEC bolsters unit overseeing crypto markets, cyber threats

By Dave Kovaleski   |   May 4, 2022   |   Digital Currency

The Securities and Exchange Commission (SEC) is allocating 20 additional positions to a new unit responsible for protecting investors in crypto markets and from cyber-related threats. This newly n...

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Sen. Cantwell calls on Congress to restore authority of FTC to refund scammed consumers

By Dave Kovaleski   |   May 4, 2022   |   Featured

U.S. Sen. Maria Cantwell (D-WA) is calling on Congress to restore the Federal Trade Commission’s (FTC) authority to return money to consumers victimized by illegal scams. This comes after the S...

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Senate bill would require public companies to report transactions with Xinjiang region of China

By Dave Kovaleski   |   May 3, 2022   |   Featured

U.S. Sens. Marco Rubio (R-FL) and Rick Scott (R-FL) introduced legislation that would require publicly traded companies to report on any aspect of their supply chain directly linked to products using ...

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Cannabis Banking

  • 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
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
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