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Fed scraps oversight program for banks with crypto and fintech exposure

Key Takeaways The Federal Reserve discontinued its special supervision program for banks involved with crypto and fintech. Oversight of crypto and fintech activities will now be incorporated into the Fed’s regular supervision framework. Share this article The Federal Reserve has discontinued its “novel activities” supervision program that was created to monitor banks’ involvement in crypto … Read more

Canada scraps tech tax to advance trade talks with Donald Trump

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Canada has scrapped a digital services tax that targeted US technology companies, in an effort to smooth trade negotiations with its neighbour after President Donald Trump described the levy as a “direct and … Read more

SEC scraps controversial rules targeting DeFi platforms and crypto custodians under Biden

Marking a major reversal of Biden-era policy, the U.S. Securities and Exchange Commission has withdrawn key measures targeting crypto custody and decentralized exchanges. On Thursday, the commission confirmed it was formally rescinding 14 proposed rules introduced between March 2022 and November 2023, including several that sought to expand regulatory oversight of digital assets. In a … Read more

White House scraps plan to block data brokers from selling Americans’ sensitive data

A senior Trump administration official has scrapped a plan that would have blocked data brokers from selling Americans’ personal and financial information, including Social Security numbers.  The Consumer Financial Protection Bureau (CFPB) said in December 2024 it planned to close a loophole under the Fair Credit Reporting Act, the federal law that protects Americans’ personal … Read more

Sister Wives Recap: Christine Says Kody Left Her With ‘Scraps’

Christine Brown is extremely aware of how skewed her relationship with ex Kody Brown was now that she’s in a “supportive” marriage with David Woolley. “I feel stronger, more independent now than I ever did before because you’re so supportive. There’s no 50/50,” Christine, 53, said in the Sunday, April 20, episode of Sister Wives. David, … Read more

Pfizer scraps daily weight loss pill danuglipron after a liver injury

Kena Betancur | Corbis News | Getty Images Pfizer on Monday said it would end development of its experimental daily weight loss pill after a patient experienced a liver injury that was potentially caused by the drug in a trial.  The patient did not experience any liver-related symptoms or side effects, a Pfizer spokesperson said … Read more

Goldman Sachs scraps recession forecast as Trump pauses tariffs

Goldman Sachs has reversed its recession forecast after President Donald Trump announced a 90-day pause on most of the administration’s new tariffs, calming markets rattled by trade war fears. Earlier Wednesday, Goldman analysts shifted to a recession baseline following the rollout of new country-specific tariffs. But after Trump’s announcement, the firm updated its outlook to … Read more

US DOJ scraps crypto crime team under Trump’s new policy era

Key Takeaways The US Department of Justice disbanded its National Cryptocurrency Enforcement Team under Trump’s administration. Trump’s administration is easing crypto regulations and issued executive orders to provide clarity to the industry. Share this article The US Department of Justice has dissolved its National Cryptocurrency Enforcement Team (NCET), a unit focused on investigating and prosecuting … Read more

Turo scraps plans for an IPO

Turo on Thursday withdrew its plans for an IPO, ending a three-year wait to bring the online car-sharing network to the public marketplace, according to a regulatory filing. Turo, which was founded in 2010, allows private car owners to rent out their vehicles through the startup’s website or app. The company — sometimes described as … Read more

SEC scraps SAB 121, making crypto custody easier

The Securities and Exchange Commission (SEC) has repealed a controversial rule requiring financial firms holding cryptocurrency for customers to report those assets as liabilities on their balance sheets. In a bulletin issued on Jan. 23, the SEC announced that Staff Accounting Bulletin (SAB) 122 officially rescinds SAB 121, a policy introduced in March 2022 that … Read more

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