Reg Crypto

The SEC has proposed "Regulation Crypto," a 400-page rule that would reduce disclosure and reporting requirements for crypto issuers through exemptions and safe harbors, while the CFTC has invoked emergency authority in its dispute with states over prediction markets. The article also reports that World Liberty Financial, a Trump family crypto business, won a conditional bank charter from the OCC, which the article says is led by Trump appointee Jonathan Gould. According to the Wall Street Journal, the UAE owns 49% of the bank's holding entity, compared with the Trump family's 38%.