TFU | July 30 – Aug 5

The OCC will begin accepting national bank charter applications from fintechs; the U.S. Treasury released a wide-ranging fintech report; the WSJ found massive manipulation of cryptocurrency markets; IBM and CLS are building a blockchain “app store”; and TechCrunch profiled P2P lending in China.

TFU | July 23-29

The House passed a bill establishing a fintech task force; the SEC rejected the Winklevoss application to list a crypto ETF on the BATS BZX exchange; Google banned cryptocurrency mining apps from its app store; the U.K. FCA tightened crowdfunding rules; the NYT looked at Figure and what it says about #MeToo in Silicon Valley; and Flywire raised $100M.

TFU | July 16-22

The CFPB has a new head of its Office of Innovation and is developing a regulatory sandbox; Coinbase received SEC and FINRA approval to offer tokenized securities on its platform; challenger bank Revolut reported suspected money laundering on its platform to U.K. authorities; Columbia University and IBM partnered on a new blockchain research center; and PayPal led a $50M investment round in merchant payments firm PPRO.

TFU | June 11-17

SEC reaffirms Ethereum is not a security; House committee calls for study on crypto use in illicit activities; Singapore is developing a code of ethics for AI; Bitcoin price fell sharply after South Korean crypto exchange hack; Wells Fargo limited cryptocurrency purchases on credit cards; a study found rampant price manipulation in crypto markets; and Apple banned cryptocurrency mining on iPhones.

TFU | May 14-20

The CFPB restructured Project Catalyst; Coinbase is making moves; PayPal is buying iZettle for $2.2B; the WSJ found hundreds of fraudulent cryptocurrency offerings; California is considering a new data protection bill; and Circle gained unicorn status after raising $110M in new funding.

TFU | April 16-22

VCs are lobbying the SEC for a crypto token safe harbor; digital banks are supporting changes to the CRA; Zelle has become a favorite tool for fraudsters; the SEC subpoenaed Riot Blockchain; Facebook launched new privacy permissions for EU users; and the EU changed its AML rules to better regulate cryptocurrencies.