For many decades, the U.S. government has required financial institutions to take steps to help detect and prevent financial crimes including money laundering and terrorist financing. Federal law requires financial institutions to keep records of cash purchases of negotiable instruments, file reports of cash ...Read More

The crypto industry had been asking for the menu. But based on the appetizer, it’s not sure it’s going to like the main course. The White House has just published its first-ever comprehensive framework to regulate the young financial services industry, the hallmark of which is ...Read More

Gary Gensler had strong words for the crypto industry in a Thursday speech, telling an audience of lawyers that the “vast majority” of the nearly 10,000 existing crypto tokens are securities, being issued to the public in violation of federal laws. “The investing public ...Read More