Congress eyes rules for stablecoins
The Biden administration called on Congress Tuesday to develop laws and regulations to govern cryptocurrency transactions, specifically stablecoins, and to protect consumers and investors engaged in t...
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Sens. Warren, Smith express concern about EBSA exemption for Credit Suisse
U.S. Sens. Elizabeth Warren (D-MA) and Tina Smith (D-MN) expressed concerns about the Employee Benefits Security Administration (EBSA) proposal to grant a one-year exemption to Credit Suisse Group AG....
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SEC proposes amendments to rule governing beneficial ownership
The U.S. Securities and Exchange Commission (SEC) has proposed amendments to a rule governing beneficial ownership to provide more timely information. The proposed amendments to Regulation 13D-G wo...
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Northern Lights details acquisition of leading financial services provider for cannabis industry
Special purpose acquisition corporation Northern Lights has announced the acquisition of cannabis-focused financial services provider Safe Harbor. Northern Lights and Safe Harbor will be led by Saf...
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California grant funds target cannabis industry equity
California state officials said the Office of Business and Economic Development (GO-Biz) has earmarked $35 million in grant funding as a means of spurring cannabis industry equity initiatives. The ...
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Federal Reserve releases scenarios for 2022 bank stress tests
The Federal Reserve Board released the hypothetical scenarios for its annual bank stress tests last week. These tests help ensure that large banks can lend to households and businesses even in a se...
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SEC proposes new rules for investment advisors on cybersecurity risk management
The U.S. Securities and Exchange Commission (SEC) has proposed new rules related to registered investment advisers and business development companies on cybersecurity risk management. The proposed...
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MCBA initiates cannabis equity report, research map
Minority Cannabis Business Association (MCBA) officials said the organization has partnered with The Arcview Group, Weedmaps, and Parallel to initiate a cannabis equity report and digital research map...
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JEC hearing examines labor market, empowering older workers
A recently convened Joint Economic Committee (JEC) Democrats hearing explored efforts to enhance the labor market and empower older workers. JEC Chairman Don Beyer (D-VA) presided over the session ...
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Lawmakers urge TVA not to cut services to cannabis businesses in Mississippi
U.S. Reps. Earl Blumenauer (D-OR) and Steve Cohen (D-TN) are urging the Tennessee Valley Authority (TVA) not to cut off its services to state-legal cannabis businesses in Mississippi. “We write t...
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