SEC outlines crypto fraud charges
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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California proposes revisions to cannabis regulatory structure
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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Sen. Brown introduces bill to ban arbitration clauses for financial firms
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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Congress members seek answers on how Russian sanctions will be enforced
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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Organizations seek Washington, D.C. marijuana rider removal
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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Sens. Young, Hassan urge expansion for R&D credit for startups
U.S. Sens. Todd Young (R-IN) and Maggie Hassan (D-NH), members of the Senate Finance Committee, led a bipartisan group urging Senate leadership to expand the Research & Development (R&D) tax credit an...
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Congressional leaders seek report on how domestic violent extremist fund their activities
U.S. Reps. Maxine Waters (D-CA) and Josh Gottheimer (D-NJ), along with U.S. Sen. Sherrod Brown (D-OH), are asking the U.S. Government Accountability Office (GAO) to review the methods that both domest...
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Sens. Rounds, Scott, and Lummis introduce TAILOR Act in senate
U.S. Sens. Mike Rounds (R-SD), Cynthia Lummis (R-WY), and Tim Scott (R-SC) introduced legislation that would require federal regulatory agencies to take risk profiles and business models of institutio...
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NAFCU panel examines CBDC, digital assets topics
The National Association of Federally-Insured Credit Unions (NAFCU) Cybersecurity and Payments Committee recently convened to review the Federal Reserve’s central bank digital currency (CBDC) discu...
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Rep. Huizenga introduces bill to stop U.S. financial institutions from buying, servicing Russian debt
U.S. Rep. Bill Huizenga (R-MI), Ranking Member of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee, said he had introduced legislation that would stop American financial inst...
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