The Securities and Exchange Commission (SEC) is proposing to rescind Rules 611 and 610(e) of Regulation NMS, or Regulation of the National Market System. Rule 611 of Regulation NMS, adopted in 2005...
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U.S. Reps. Sean Casten (D-IL) and Maria Salazar (R-FL) introduced legislation recently that would provide strong protections for potential fraud victims and require crypto ATM companies to comply with...
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The Securities Industry and Financial Markets Association (SIFMA) provided feedback to the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) on its recent propo...
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New York Mayor Zohran Mamdani and Comptroller Mark Levine announced a $20 million deposit in Ponce Bank would be available to strengthen community banking and expand opportunities for Upper Manhattan ...
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U.S. Rep. David Kustoff (R-TN) introduced legislation that seeks to update the Internal Revenue Code to make digital assets treated the same as comparable financial instruments. The bill, H.R. 9176...
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U.S. Rep. Rudy Yakym (R-IN) introduced legislation to streamline federal tax reporting requirements on digital assets. His bill, the Less Tax Paperwork for Digital Asset Owners Act (H.R. 9178), wou...
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The Conference of State Bank Supervisors (CSBS) has recommended changes to the Federal Deposit Insurance Corporation’s (FDIC) proposed rule to implement the GENIUS Act. In a comment letter to the...
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The U.S. Department of the Treasury recently released its annual Social Security and Medicare trustees reports. The move followed a meeting of the Social Security and Medicare Boards of Trustees, and ...
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Bipartisan legislation recently introduced in the U.S. House of Representatives would allow eligible federal student loan borrowers to refinance their loans while remaining in the federal student loan...
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The U.S. Securities and Exchange Commission (SEC) established joint data standards for data submitted to certain financial regulatory agencies. The joint standards are designed to promote interoper...
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