regulation News

U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump

The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be electric within a decade. …

Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure

The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system’s top cop on Wednesday told U.S. lawmakers demanding answers for the lender’s swift collapse. “I think that any …

Regulator Sues Top Crypto Exchange Binance, CEO for ‘Willful Evasion’

The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance program. …

Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry

Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator. Gensler, who has called the crypto sector …

Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish

Scott Kipper’s list of LinkedIn experiences runs 14 items long, but that’s not so much him bragging. He’s moved around a lot in a career that stretches back more than 30 years. He could have just left off some of …

U.S. Chamber of Commerce Calls for AI Regulation

The U.S. Chamber of Commerce on Thursday called for regulation of artificial intelligence technology to ensure it does not hurt growth or become a national security risk, a departure from the business lobbying group’s typical anti-regulatory stance. While there is …

TSA Adds New Cybersecurity Regulations to Address Persistent Threats

The Transportation Security Administration (TSA) on Tuesday issued new cybersecurity requirements for airports and aircraft operators as part of an “emergency action” to address persistent threats to the aviation industry. The TSA, as part of the Department of Homeland Security’s …

Justice Dept Wants Execs to Foot Bill for Corporate Misconduct

The U.S. Justice Department is rolling out a new policy aimed at pushing the cost of corporate crime into the pockets of executives, the latest in a series of changes at the agency under President Joe Biden. The agency’s criminal …

U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding

The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress violates the U.S. Constitution in a case that President Joe Biden’s administration has said threatens the agency’s ability to function …

Stablecoin Regulatory Crackdown Sends Warning to Industry

The U.S. Security and Exchange Commission’s warning shot on Binance’s stablecoin over whether or not it is a security could offer a hint at what type of dollar-pegged tokens may draw regulatory scrutiny, critical information for other digital asset firms …