Colorado Now Takes Crypto Tax Payments—The SEC’s Take on Ethereum
The SEC’s take on Ethereum The SEC filed a civil lawsuit against crypto influencer Ian Balina, for failing to register crypto tokens as securities prior to an ICO launched in 2018. This is not a surprise, the SEC has pursued this type of legal action before. However, the news came from a statement buried within…
Read MoreWhat’s Interesting With Walmart’s New Fintech Startup
Walmart has been interested in fintech for decades—the retailer pursued getting a bank charter in 2005, as a way to cut card processing fees and move them in-house. Now, with the proliferation of digitally native financial services products, Walmart is hoping to use a tried-and-true playbook to launch a consumer fintech startup majority owned by…
Read MoreNew SEC Crypto Office—Goldman Partners With Modern Treasury
The SEC Has A New Crypto Office Last Friday, the SEC announced the creation of two new offices, one of which will be the new Office of Crypto Assets. The office will be set up and running during this fall, and will be mostly focused on providing support around review of issuer filings. Renee Jones,…
Read MoreFTT Guest Post: Contrary Research’s Profile On Persona
Thesis Understanding online identity has never been more important. As of 2022, nearly five billion people globally used the internet, and that number is growing ~6% every year. The average internet user spends nearly seven hours a day online. As more of our everyday interactions are lived online, a host of potential problems arise. Fraud,…
Read MoreCan A Recession Help Fintech Companies?
Before we dive in, I do want to say that I’m not some doomsday advocate hoping for a shitty economy, and I really hate thinking from a negative mindset. Recessions and bear markets are not good for anyone—investors, founders, but more importantly, real people outside of the tech bubble. But I think I’ve been pretty…
Read MoreOCC Head’s Skeptical on Fintech-Bank Partnerships
NEWS OF THE WEEK 180 Days From Biden’s Executive Order On Crypto Monday, September 5th marked 180 days since the Executive Order on Ensuring Responsible Development of Digital Assets issued by the Biden Administration. This is important because it was the deadline established for several reports relevant to the industry: Secretary of Treasury’s report on…
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