JPMorgan CEO Takes Aim at ‘Unfair’ Regulations — Declares ‘It’s Time to Fight Back’

JPMorgan CEO Jamie Dimon called U.S. banking regulations “unfair and unjust,” warning they may destabilize the industry and asserting banks must “fight back” against overreach. JPMorgan’s Jamie Dimon Unleashes Fury on Banking Rules JPMorgan Chase CEO Jamie Dimon criticized U.S. financial regulations at an American Bankers Association event in New York on Monday, calling certain … Read more

UK Stands Firm on Tough Crypto Regulations, Warns Against Lowering Crypto Standards

A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while fostering a competitive crypto sector. The regulator warned against relaxing standards, advocating instead for collaboration to build a secure foundation for sustainable innovation … Read more

XRP’s Legal Status Unshaken Amid SEC Appeal – Ripple Prepares Counterstrike

Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans to file a cross-appeal, as both parties brace for a prolonged legal … Read more

Ireland Moves to Draft Urgent Legislation for Cryptocurrency Regulations Ahead of EU Deadline

Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December … Read more