Tag: Report

Trading 212 sold crypto ETNs without FCA authorization: Report

admin

Trading 212, one of Europe’s biggest online investment platforms, allowed UK retail customers to trade cryptocurrency-linked exchange-traded notes (ETNs) without having the required permission from the country’s financial regulator, according to the Financial Times. Crypto ETNs returned to the UK retail market in October 2025 after the Financial Conduct Authority (FCA) reversed a ban imposed in 2021. The products, which track the price of digital assets such as Bitcoin (BTC), are structured as debentures and require specific regulatory approval to be sold to everyday investors. Still, Trading 212 offered crypto…

Sen. Marshall To Cut Card Fees Ask From Crypto Bill: Report

admin

Republican Senator Roger Marshall has reportedly agreed to hold back on pushing an amendment aimed at credit card swipe fees when the Senate Agriculture Committee marks up a major crypto bill next week.  Marshall filed an amendment to the committee’s version of a crypto market structure bill last week that would force companies to compete on swipe fees, but later privately agreed not to add the provision, Politico reported on Monday, citing people with knowledge of the matter. The Senate Agriculture Committee was expected to mark up the bill on…

Revolut Seeks US Banking License Amid Global Push: Report

admin

Crypto-friendly fintech unicorn Revolut plans to apply for a banking license in the United States, abandoning earlier plans to acquire a local lender as it seeks to expand its global presence, the Financial Times reported Friday. The United Kingdom-based fintech has been in discussions with US officials about applying for a bank license through the Office for the Comptroller of the Currency (OCC), the newspaper reported Friday, citing people familiar with the matter. The move, if confirmed, would be a milestone in strategy for Revolut, which said in September 2025…

Trump Sues JPMorgan in Florida Court for $5B over Debanking Claims: Report

admin

The lawsuit was filed days after the president threatened on social media to sue the banking giant for debanking him weeks after his supporters attacked the US Capitol in 2021. US President Donald Trump has filed a lawsuit in Florida state court against JPMorgan, claiming that the banking giant terminated accounts connected to the president and his businesses “without warning or provocation.” According to a Thursday Bloomberg report, Trump filed a complaint in the Miami-Dade County state court, seeking $5 billion in damages from JPMorgan and its CEO, Jamie Dimon.…

Crypto Bill Delayed as Senate Shifts to Affordability: Report

admin

Update (Jan. 22, 3:00 am UTC): This article has been updated to add further information about the crypto bill and a new draft released on Wednesday. Crypto market structure legislation could be delayed by several weeks as the Senate Banking Committee is shifting focus to US President Donald Trump’s affordability agenda, Bloomberg reports, citing people familiar with the matter. On Tuesday, Trump signed an executive order barring Wall Street investors from buying single-family homes. The move was seen as part of the Trump administration’s attempt to push down costs before…

Massachusetts Judge Bars Kalshi from Offering Sports Bets: Report

admin

The preliminary injunction against the predictions market platform came at the request of Massachusetts Attorney General Andrea Joy Campbell. Prediction markets platform Kalshi could face legal complications operating in the US state of Massachusetts after a judge reportedly ruled that residents could not use the website for sports betting. According to a Tuesday Reuters report, Suffolk County Superior Court Judge Christopher Barry-Smith said he would issue a preliminary injunction against Kalshi prohibiting the platform from offering sporting betting for residents without the required gaming license.  The ruling followed Massachusetts Attorney…

White House May Drop Crypto Bill After Coinbase Withdrawal: Report

admin

The White House is considering withdrawing its support for crypto market structure bill following a similar move from crypto exchange Coinbase, according to Fox Business reporter Eleanor Terrett, citing a source close to the Trump administration. In a Sunday post on X, Terrett reported that the White House is furious over Coinbase’s decision to pull its backing for the Digital Asset Market Clarity Act, describing the move as a “unilateral” action that blindsided administration officials. “The White House is said to be furious with Coinbase’s “unilateral” action on Wednesday, which…

Russia Plans Bill to Open Crypto to Retail: Report

admin

Russia will reportedly move to open up crypto to retail investors, with a new bill set to soon be introduced to the country’s legislature. Anatoly Aksakov, chair of the State Duma’s Financial Market Committee, said legislation to deregulate crypto is ready to be introduced with the aim of normalizing the asset for everyday use, the state-owned news agency TASS reported on Tuesday. “A lot of attention will be paid to the development of digital financial assets, and we will devote a lot of time to cryptocurrencies in the upcoming spring…

October Crash Ended Altseason, Says Wintermute Report

admin

Retail traders spooked by the massive crypto liquidation event in October fled back to major cryptocurrencies as their hopes for an altcoin season were dashed, according to Wintermute. Since around 2022, retail traders have been net sellers of majors such as Bitcoin (BTC) and Ether (ETH), preferring altcoins instead, but that pattern broke in 2025, according to Wintermute’s “Digital asset OTC market 2025” report released on Tuesday.  The October 10 liquidation event and market crash “marked a clear inflection point,” accelerating retail’s rotation back into Bitcoin and Ether, the firm…

US Crypto Market Structure Bill could be Delayed until 2027: Report

admin

Investment bank TD Cowen reportedly warned that the 2026 midterm elections in the United States could pull support needed to pass a digital asset market structure bill under consideration in the Senate. According to reports, TD Cowen’s Washington Research Group said on Monday that the market structure bill, named the CLARITY Act when passed by the US House of Representatives in July but called the Responsible Financial Innovation Act in the Senate, was more likely to pass Congress in 2027, with final implementation potentially in 2029. According to the investment…