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Financial Industry Regulation

All articles tagged with #financial industry regulation

politics1 month ago•24 min saved

Trump pushes industry-backed crypto bill at White House meeting

At a White House gathering with Coinbase, Ripple and other crypto executives, President Trump urged Congress to pass the industry-backed Clarity Act to regulate digital assets, a move that would split oversight between the SEC and CFTC and impose ethics rules on federal officials, a proposal that ties the crypto industry’s legitimacy to Trump’s own business interests.

via The Washington Post|

#cryptocurrency #donald-trump #financial-industry-regulation

economic-policy1 month ago•18 min saved

Treasury scraps US ownership-disclosure rule for domestic firms

The U.S. Treasury permanently repealed a rule requiring domestic companies to report their beneficial owners to federal financial-crimes investigators; foreign-owned entities and funds must still report foreign ownership, and Treasury will delete existing data on U.S. owners. Supporters say the move reduces compliance burdens without compromising security, while critics warn it could aid criminals by weakening ownership scrutiny.

via The Washington Post|

#corporate-crime #economic-policy #financial-industry-regulation