Trump

Democratic lawmakers turned the stablecoin markup into a marathon event, leading off with amendments that would have addressed concerns about conflicts of interest between elected officials like President Donald Trump and stablecoin oversight.

A three-judge panel will hear an appeal by the Trump administration of a preliminary injunction that has blocked the government from dissolving the Consumer Financial Protection Bureau.

SEC Commissioner Hester Peirce said it was important for the agency to not stifle innovation through its regulatory approach.

The Trump administration is leapfrogging the normal process by taking its fight over a district court injunction blocking efforts to shut down the Consumer Financial Protection Bureau to a federal appeals court, according to the CFPB workers' union.

The co-founder of Strategas Securities is no longer in the running to become U.S. Treasury assistant secretary for financial markets due to a newly discovered health issue.

An executive order requiring the government to stop issuing paper checks is expected to help banks, which have seen a rise in check fraud with the introduction of mobile deposits and digital check imaging.

The Trump administration continues to battle the Consumer Financial Protection Bureau's union by seeking a stay of a preliminary injunction that reinstated the CFPB's workforce and contracts and preserved its data.

Banks can now engage in crypto without Federal Deposit Insurance Corp. approval, part of a broader Trump-era deregulatory push to integrate digital assets into traditional finance.

Hut 8 is launching American Bitcoin Corp. as a majority-owned subsidiary, focused exclusively on bitcoin mining and strategic bitcoin reserve development. Eric Trump will serve as American Bitcoin's chief strategy officer.

The administration's 25% import tax on cars and parts can squeeze dealerships' parts and service revenue, one of their largest profit centers. Buy now/pay later lenders could see a windfall.