Cryptocurrency exchange BlockFi is in the crosshairs of the Securities and Exchange Commission (SEC) over a product that pays high interest rates for lending out their digital tokens.

Robo-advisers tout their transparency of fees and pro-consumer approaches, but the Securities and Exchange Commission (SEC) found that many were misleading clients through their advertising and not acting in clients’ best interests.

A report from the President’s Working Group on Financial Markets this week highlighted regulators’ desire for a closer watch on stablecoin issuers, particularly given concerns about how secure they are.

As the United Nations Climate Change Conference (COP 26) begins in Glasgow, a crypto trade group called Global Digital Finance is lobbying for more concrete parameters on how to measure the environmental impact of digital assets.

The U.S. Justice Department is probing Visa’s relationships with fintech firms as part of a bigger antitrust investigation of the company, a new report suggests.

N26, a Germany-based neobank with a global presence, has been ordered by German financial regulator BaFin to limit new account signups in an effort to slow down its expansion.

In-app “nudges” or suggestions are expected offerings from digital financial platforms, but there is debate around whether they are forms of financial advice that need to be regulated.

Opportun, a California-based consumer lender, announced it’s pulling a bank charter application it filed last year. The company said it would amend elements of its application to “reflect changes to our business.”

The Department of Justice unveiled its National Cryptocurrency Enforcement Team this week, a body that will deploy cyber and money laundering expertise to go after crypto actors engaged in criminal wrongdoing.

Securities and Exchange Commission (SEC) chair Gary Gensler told the House Financial Services Committee this week that the SEC would not follow China’s lead and ban cryptocurrencies.

U.K.-based digital bank Monzo pulled its U.S. bank charter application after it was told by regulators it wasn’t likely to be approved.

Securities and Exchange Commission chairman Gary Gensler reiterated support for bitcoin futures exchange-traded funds (EFTs) at an industry conference this week, echoing similar comments he made in August.

President Joe Biden is expected to nominate Saule Omarova, a Cornell University law professor, to lead the Office of the Comptroller of the Currency (OCC). In prior comments, Omarova has been critical of big banks and the crypto sector.

According to Congress’s nonpartisan Joint Committee on Taxation, more than $279B sits in ‘mega-IRAs’, or individual retirement accounts with at least $5M each.

A group of investors have brought a class-action complaint against brokerage Charles Schwab. They claim the company violated fiduciary and consumer-protection responsibilities through its Schwab Intelligent Portfolios’ cash sweep program.