In another sign of President Donald Trump’s focus on cryptocurrency, the head of the U.S. Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to create proposals to consider crypto assets for a single-family home mortgage.
Oscar Gonzalez
Oscar Gonzalez is a freelance writer and editor who covers tech, misinformation, business, and the stock market. He's written for Gizmodo, CNET, TheStreet, CBS, and NBC.
Email: oscar.gonzalez@complianceweek.com
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Posted inEthics & Culture
Judge reinstates fired CPSC commissioners in latest battle over government cuts
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
Posted inRegulatory Policy
Senate confirms Olivia Trusty to FCC, handing Trump majority control
The U.S. Senate confirmed Olivia Trusty as commissioner for the Federal Communications Commission on Tuesday, marking a shift in agency staffing that gave commissioners nominated by President Donald Trump a majority of decision-making power. The move followed resignations of two commissioners earlier this month, each of whom had been nominated under Republican and Democratic administrations.
Posted inRegulatory Enforcement
SEC Chair Atkins signals end to ‘regulation by enforcement’ in line with Trump’s pro-crypto agenda
The Securities and Exchange Commission Chair Paul Atkins explained his agency’s shift on cryptocurrency regulation to a Senate committee as legislators bargain over President Donald Trump’s “One Big Beautiful Bill” and the GENIUS Act, which would have the federal government invest heavily in cryptocurrency.
Posted inRisk Management
Google’s $500 million compliance overhaul could fall short of best practices, amid antitrust fallout
Google parent Alphabet has struck a new agreement with shareholders, settling a shareholder lawsuit with a promise to ”completely revamp and rebuild its global compliance structure,” according to a new legal filing. The investment may not go far enough to reform Alphabet’s compliance failings, which are particularly under scrutiny following two antitrust rulings in two different cases against the company over the past year.
Posted inData Privacy
Apple, Google face compliance crossroads as states push digital safeguards
A new law in Texas will go into effect next January that requires Apple and Google to verify the age of their app store users. This marks another piece of legislation from the state level intended to protect children, and the second such law specifically from Texas to limit children’s access to online content. But it will likely face legal challenges over the First Amendment, too.
Posted inRegulatory Enforcement
Fired CPSC commissioners take the Trump administration to court over abrupt termination
Three former commissioners of the Consumer Product Safety Commission who were fired by President Donald Trump earlier this month have filed a lawsuit against the government over their dismissal. The move joins many more court battles over Trump’s sudden slashing of government agencies, which some courts have deemed illegal, blocking or reversing the moves. Still, the Trump administration is continuing to target people who are seen as not loyal to the president.
Posted inRegulatory Enforcement
FTC cracks down on student loan companies for false forgiveness claims
The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
Posted inRegulatory Enforcement
A forgotten SEC case against Coinbase returns in a shifting crypto landscape
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down regulatory enforcement on cryptocurrency companies in favor of scaling up mainstream adoption.
Posted inRegulatory Enforcement
Regulatory uncertainty clouds the future of FTC’s Click to Cancel rule
The Federal Trade Commission was set to begin enforcement of the “click to cancel” rule on May 14, but a new announcement from the agency pushed that date to July 14. As is the case with many of the regulatory decisions by the Trump administration, it’s unclear whether the agency intends to enforce the rule at all.
