US regulators Financial News

Antitrust tensions are heating up in the chipmaking industry

U.S. health regulators have approved a blood test for colon cancer, offering a new way of screening for a leading cause of cancer deaths

Trump Media and Technology Group, the owner of social networking site Truth Social, has fired an auditor that federal regulators recently charged with “massive fraud.”

U.S. regulators have decided to allow American fishermen to harvest thousands of pounds of a valuable species of tiny fish in the coming years, even as Canadian authorities have shuttered the industry while they grapple with poaching

Fulton Bank, part of Fulton Financial Corp, would assume nearly all the bank's deposits and purchase its assets to "protect depositors." As of January 31, 2024, Republic Bank reported approximately USD 6 billion in total assets and $4 billion in deposits. The FDIC estimated that the bank's failure will cost its insurance fund about $667 million.

The Securities and Exchange Commission (SEC) on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it is still deeply sceptical about cryptocurrencies and that its decision did not mean it approves or endorses bitcoin.

U.S. auto safety regulators have closed an investigation into complaints that the doors on some Ford Escapes can open while the SUVs are being driven, without seeking a recall

Boeing 737-800 aircraft makes emergency landing due to cockpit window crack In the January 5 incident, a Boeing 737 MAX operated by Alaska Airlines executed an emergency landing after a panel known as a "door plug" blew out mid-flight. There were no fatalities or serious injuries.

Federal officials have cleared the way for Florida to begin importing cheaper prescription drugs from Canada

artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned on Thursday. The Financial Stability Oversight Council, which comprises top financial regulators and is chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time in its annual financial stability report.

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” The meeting began with a discussion of Hamas’s use of crypto for fundraising. However, the committee’s Chair, Representative French Hill, declared that as “phone and the internet aren’t to be blamed for terror financing,” crypto shouldn’t be either. The witnesses, including representatives from Consensys and Chainalysis, spoke about the need for international and public-private collaboration in stopping the misuse of digital assets, the need for well-crafted legislation and the intricacies of blockchain sleuthing.

U.S. regulators have sued SolarWinds and its top security executive for fraud for allegedly concealing poor cybersecurity practices ahead of the Texas-based technology company's stunning hack by Russian spies

The committee heard about the US approach to central bank digital currency, cryptoasset regulation and how sexism is tackled in the US financial services industry.

Voyager Digital Ltd on Thursday, saying the executive and the crypto lender misled customers about the safety of their assets while taking «excessive risks» that led to the firm's demise. The U.S. Commodity Futures Trading Commission (CFTC) accused Stephen Ehrlich, who helped launch Voyager in 2018, of committing fraud from February to July 2022. Ehrlich and Voyager promised customers a safe haven for digital assets stored on their platform — at times valued at more than $2 billion — while «recklessly» loaning to high-risk counterparties, including four firms that are also now bankrupt, the CFTC said in a lawsuit filed in federal court in New York. Voyager was one of several crypto firms to collapse in 2022, along with Celsius Network and BlockFi, after crypto prices plummeted amid interest rates and worsening macroeconomic conditions. In a statement, Ehrlich said he was «outraged and deeply dismayed» by the allegations.

(Reuters) — Investigators at the U.S. Commodity Futures Trading Commission's enforcement division have concluded that the co-founder of Voyager Digital broke derivatives regulations before the failed crypto lender plunged into bankruptcy last year, Bloomberg News reported on Friday.

The Securities and Exchange Commission says it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X

United States regulators including the Securities and Exchange Commission (SEC) have ongoing civil cases against major cryptocurrency firms including Binance, Coinbase, and Ripple, but not every company has been subject to the same treatment.

Coinbase has been targeted by US regulators in a new lawsuit on Tuesday that alleges the cryptocurrency platform is operating as an unregistered securities platform and brokerage service.

Google's ubiquitous search engine that has become the internet's main gateway. The legal attack will swing into full force Tuesday in a Washington DC federal courtroom that will serve as the battleground for the biggest US antitrust trial since regulators went after Microsoft and its dominance of personal computer software a quarter century ago.

The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao have been accused of misusing investor funds, operating as an unregistered exchange, and violating a slew of US securities laws in a lawsuit filed by US regulators.

The founder and chairman of Care A2 Plus misled regulators in the United States in a bid to enter the lucrative infant formula market, increase its valuation and “personally receive a windfall” from an ASX-listing, the company’s former distribution partner has claimed in a Florida court.