Main Facts: The Evolution of Crypto Taxation As cryptocurrency firmly establishes itself in the mainstream financial ecosystem—with recent estimates indicating that roughly one in five U.S. adults now utilize or invest in digital assets—the intersection of blockchain technology and federal tax policy has reached a critical juncture. The explosive growth of the digital asset market,…
By Consumers’ Checkbook Updated: August 20, 2026 Main Facts The landscape of financial crime has undergone a seismic shift. No longer dominated solely by crude phishing emails with blatant spelling errors or unconvincing foreign lottery windfalls, modern fraud is an industrial-scale, technologically sophisticated enterprise. Armed with generative artificial intelligence (AI), con artists are now capable…
The global financial landscape is witnessing a seismic shift as the lines between technology platforms and traditional deposit-taking institutions continue to blur. In a move that signals a definitive end to its era as a mere "checkout button," the Swedish buy now, pay later (BNPL) titan Klarna has officially submitted applications to United States regulators…
Introduction The intersection of high-stakes American politics and the volatile world of digital assets has reached a flashpoint. Following the disclosure that President Donald Trump generated over $1.2 billion in earnings from his crypto-related endeavors over the past year, Senator Kirsten Gillibrand (D-NY) has intensified her legislative crusade. The Senator is now spearheading a renewed…
WASHINGTON — June 22, 2026 — In a landmark showdown that pits the future of digital finance against decades of consumer protection laws, a massive coalition of over 60 advocacy groups has issued a formal demand to the Federal Reserve Board of Governors. The coalition, representing a broad spectrum of civil rights organizations, labor unions,…
By PYMNTS | June 18, 2026 In an effort to stem the rising tide of financial crime, Representative Young Kim has officially introduced the "Strengthening Transaction Oversight and Preventing Payments Fraud Act of 2026" (STOP Payments Fraud Act of 2026). The proposed legislation aims to overhaul current regulatory frameworks that critics argue inadvertently tie the…
By PYMNTS | June 18, 2026 In a coordinated move reflecting the collective stance of the American financial sector, five major trade associations have formally petitioned federal banking regulators to further refine the proposed Basel III capital requirements. While acknowledging that the March 2026 iteration of the proposal marks a significant improvement over its controversial…
