US House of Representatives Approves Digital Asset Legislation, the Financial Innovation and Technology for the 21st Century Act (FIT21)
Crowdfund Insider
by JD Alois
14h ago
After an impassioned debate by multiple Democrats criticizing the legislation, the Financial Innovation and Technology for the 21st Century Act (FIT21), HR 4763, has been approved by the US House of Representatives. The final vote showed solid support as 208 Republicans were joined by 71... Read More ..read more
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CME Group Expands Fixed Income Offerings with Corporate Bonds, Mortgage-Backed Securities
Crowdfund Insider
by Omar Faridi
14h ago
CME Group, which claims to be the leading derivatives marketplace, announced that it will continue its expansion into the fixed income markets by launching repo on corporate bonds and mortgage-backed securities (MBS) on BrokerTec Quote, its dealer-to-client (D2C) request-for-quote (RFQ) trading platform. U.S. corporate bonds... Read More ..read more
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The Financial Innovation and Technology for the 21st Century Act (FIT21) Includes Digital Asset Exemption to Raise Up to $75 Million
Crowdfund Insider
by JD Alois
16h ago
The Financial Innovation and Technology for the 21st Century Act (FIT21) incorporates a Digital Asset Exemption that enables issuers to raise up to $75 million. The current language allows participation by both Accredited and Non-Accreditd Investors. For individuals who are not Accredited, there are limitations,... Read More ..read more
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France: H Company Raises $220 Million to Fund agentic AI Firm Which Aims to Simplify AI Utilization
Crowdfund Insider
by JD Alois
16h ago
H, founded in late 2023, by Stanford University researcher Charles Kantor as CEO, and DeepMind alumni Karl Tuyls (Chief Research and Operations Officer), Laurent Sifre (Chief Technological Officer), Daan Wierstra (joining soon as Chief Scientist), and Julien Perolat (Chief Multi-Agent Officer), has raised $220 million... Read More ..read more
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House Members Push SEC for Information on Prometheum’s Ability to Custody Ether
Crowdfund Insider
by JD Alois
17h ago
House Financial Services Committee Chairman Patrick McHenry, along with Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill, and Oversight and Investigations Subcommittee Chairman Bill Huizenga, have joined to ask the Securities and Exchange Commission to provide information on Prometheum’s move to provide custody... Read More ..read more
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SEC Chairman Gary Gensler Criticizes the FIT21 Act as Creating Regulatory Gaps
Crowdfund Insider
by JD Alois
20h ago
SEC Chairman Gary Gensler has posted commentary on the Financial Innovation and Technology for the 21st Century (FIT21) Act. First introduced in 2023, the legislation has recently re-emerged, moving forward in the House and a looming floor vote. The legislation aims to clarify the digital... Read More ..read more
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Mastercard and Salesforce Announce Integration to Improve Transaction Disputes Process
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by Omar Faridi
20h ago
As consumers seek easier and safer shopping experiences, Mastercard (NYSE: MA) and Salesforce (NYSE: CRM) announced a new integration to enhance trust across the ecosystem, helping customers speed up the resolution of transaction disputes, and reduce costs associated with resolving them. Disputes and chargebacks, where... Read More ..read more
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Commissioners Peirce, Uyeda Slam SEC’s $10 Million Penalty Targeting Intercontinental Exchange (ICE) Describes it as a Tool to Generate Year End Statistics, an Over-Reaction
Crowdfund Insider
by JD Alois
20h ago
The Securities and Exchange Commission (SEC) has penalized the Intercontinental Exchange (NYSE:ICE), the operator of the New York Stock Exchange, for failing to notify the SEC promptly of a cyber intrusion. ICE has agreed to pay a $10 million penalty to settle the allegations without... Read More ..read more
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Fintech Aeropay, a Pay-By-Bank Solution Provider for Businesses, Announces $20M Series B Financing
Crowdfund Insider
by Omar Faridi
21h ago
Aeropay, a provider of Pay-By-Bank solutions for businesses, today announced $20 million in Series B financing. Los Angeles-based fintech venture capital firm Group 11 led the round “with participation from Chicago Ventures and Continental Investment Partners.” The investment round comes at a time when Aeropay... Read More ..read more
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SIX Digital Exchange Reaches Key Milestone with 1 Billion Swiss Francs in Digital Assets on Platform
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by Omar Faridi
21h ago
SIX Digital Exchange (SDX) announces that digital asset issuances facilitated on its platform will surpass 1 billion Swiss Francs (CHF) with the settlement of the CHF 200mn bond by the World Bank priced on 15 May. This achievement marks a key advancement in “the realm... Read More ..read more
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