Financial-Technology

Crypto Industry Advances Self-Regulatory Framework Amid Global Compliance Push

2024-11-14 00:00:00 +0000 UTC | Importance: 8/10

In November 2024, the cryptocurrency industry accelerated its self-regulatory efforts in response to intensifying global regulatory pressures. Following the EU’s Markets in Crypto-Assets (MiCA) regulation and the Financial Stability Board’s global framework, crypto firms began …

Cryptocurrency Industry Consortium Financial Stability Board European Securities and Markets Authority Securities and Exchange Commission (SEC) CFTC crypto regulatory-capture financial-technology self-regulation compliance

Kansas City Fed Denies Reserve Trust Master Account Amid Potential Regulatory Capture

2017-06-15 00:00:00 +0000 UTC | Importance: 8/10

On June 15, 2017, the Federal Reserve Bank of Kansas City initially denied Reserve Trust Company’s application for a master account, one month after former Fed Governor Sarah Bloom Raskin joined the fintech’s board. Subsequent investigations revealed that Raskin allegedly made direct …

Sarah Bloom Raskin Reserve Trust Company Federal Reserve Bank of Kansas City Esther George Pat Toomey +1 more federal-reserve corruption revolving-door sarah-bloom-raskin kansas-city-fed +4 more