TFU | Oct. 28 – Nov. 3

The SEC delivered a no-action letter to Paxos concerning its blockchain-based stock settlement platform; Uber launched a new division aimed at developing new financial products for its drivers; Telegram is moving forward with its crypto wallet, despite a pending SEC lawsuit; David Marcus talked up Libra at Money20/20; Bakkt is getting into consumer products with a partnership with Starbucks; and former Deputy Comptroller Jo Ann Barefoot launched a new venture aimed at modernizing financial regulation.

TFU | Oct. 7-13

Mark Zuckerberg will testify before Congress on Libra and Facebook’s cryptocurrency plans, while several more large companies dropped out of the project; CFTC Chairman Tarbert said the ether cryptocurrency should be treated as a commodity; the SEC halted Telegram’s $1.7B token offering;  Robinhood rolled out interest-bearing accounts; BIS and the Swiss National Bank are exploring the potential for a central bank digital currency in Switzerland; and UNICEF established a fund for donations made in cryptocurrencies. 

TFU | Sept. 9-15

The CFPB launched a program to encourage collaboration between state and federal regulators on financial innovation; the London Stock Exchange unanimously rejected the Hong Kong Exchange’s £29.6 billion takeover bid; Switzerland’s financial regulator published new guidance on stablecoins and confirmed that the Libra Association requested an assessment of its Libra coin; Blockstack raised more than $20 million in the first SEC-approved token sale; and Stripe launched a corporate credit card for business customers.

TFU | Aug. 26 – Sept. 8

FIN urged Congress to apply BSA standards to crypto firms; Jay Clayton affirmed his stance that crypto products are subject to existing securities laws; China’s proposed cryptocurrency is taking shape ahead of an expected go-live later this year; Stripe launched a lending product for online businesses; Uber is exploring offering loans to its drivers; the Hong Kong Stock Exchange suffered cyber attacks; and U.K. digital banks are expected to triple their customer base over the next year, but likely will remain unprofitable. 

TFU | Jun. 3-9

The SEC brought suit against Kik for its $100 million token offering that allegedly violated U.S. securities laws; JPMorgan is shuttering its mobile-only bank Finn one year after its nationwide rollout; Facebook plans an independent foundation to run its proposed cryptocurrency; the FSB considers the effect of decentralized financial technology on financial stability; and a survey finds half of EU businesses are unprepared for new security rules for payments.

TFU | May 20 – Jun. 2

Kik is crowdfunding money to officially challenge the SEC’s ruling that its Kin token is subject to securities rules; IBM and Maersk expanded their successful blockchain-based TradeLens shipping consortium; Facebook’s GlobalCoin is reportedly set to launch in early 2020; the German Bundesbank was critical of blockchain following a test of its ability to facilitate securities transactions; TransferWise raised nearly $300M in new funding, giving it a $3.5B valuation; and Plaid expanded services to the U.K.