April 22, 2025

Regulation and compliance

Banking

Trump led the way on open banking; now it’s time to accelerate

President Trump’s first administration laid the foundation for open banking in the United States through market-oriented principles. His second administration now has the opportunity to build upon this foundation, write Jason Rosen and Noah Gold, of Prism Data.Adobe Stock In light of the Consumer Financial Protection Bureau’s recently finalized rulemaking under Section 1033 of the

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Crypto

Justice Department shuts down its cryptocurrency team

Endeavor Moore Media – stock.ado The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team, retrenching its approach to crypto. The Justice Department will move away from going after crypto cases it believes should be handled by regulatory agencies, Deputy Attorney General Todd Blanche said in a memo released Monday night.  “The Department

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Banking

Senate Banking advances OCC, Treasury nominations

From left: Securities and Exchange Commission Chair-designate Paul Atkins; Comptroller of the Currency-designate Jonathan Gould; Assistant Secretary of Treasury-designate Luke Pettit; and Marcus Molinaro, Federal Transit administrator-designate. Bloomberg News WASHINGTON — The Senate Banking Committee voted to advance the nominations of key bank regulatory roles to the full Senate.  The panel approved the nomination of

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