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Senate Republicans reportedly updated their draft of a crypto market structure bill, the Responsible Financial Innovation Act, to mirror parts of the CLARITY Act that was passed by the House.
The updated draft of the Senate bill clarifies whether digital assets will be regulated as securities or commodities, Seeking Alpha reported Monday (Sept. 8).
Republicans plan to advance the bill...
Advertising exchange PubMatic has reportedly sued Google, claiming it holds an advertising technology monopoly.
The suit, filed in federal court in Virginia on Monday (Sept. 8), is seeking billions of dollars, Bloomberg News reported.
The report points out this is the second suit by an advertising exchange since a ruling in April that found Google held an illegal monopoly over ad...
The Office of the Comptroller of the Currency (OCC) released two bulletins to banks Monday (Sept. 8), saying in a press release that with these and other actions, it aims to “depoliticize banking” and eliminate “unlawful debanking” in the federal banking system.
One bulletin, “Licensing and Community Reinvestment Act: Consideration of Politicized or Unlawful Debanking,” said that the...
Consumers are girding for higher inflation over the short term and long term, while sentiment is souring on job prospects for the next few months.
The August 2025 Survey of Consumer Expectations (SCE) conducted by the New York Fed released Monday (Sept. 8) indicates that the volatility seen in recent weeks in the labor market, and the volatility surrounding tariffs, continues to have...
Klarna is reportedly guiding its initial public offering (IPO) pricing at the top end or above the marketing range amid strong demand for shares from investors.
The company and some of its investors are offering 34.3 million shares at $35 to $37 per share but will stop taking orders from institutional investors at 4 p.m. New York time on Monday (Sept. 8) and then announce the price and...
Ticket reseller StubHub says it aims to raise up to $851 million when it goes public.
That figure would give the company a valuation of as much as $9.2 billion, StubHub said in a filing Monday (Sept. 8).
According to a news release, the company has launched the roadshow for its initial public offering (IPO), which will involve 34 million shares of stock. The IPO price is expected to be...
Aiwyn has acquired QuickFee’s U.S. payments business, including QuickFee Pay Now and QuickFee Connect, to add new capabilities to Aiwyn’s payments and collection platform for accounting firms.
The company’s partnership with QuickFee will enable Aiwyn to provide customers with access to QuickFee’s Pay Later finance offering, and QuickFee customers can continue to use their existing...
Digital bank and FinTech firm Green Dot has added it Stripe to its partnership network.
The collaboration, announced Monday (Sept. 8), will see Stripe Treasury employ Green Dot’s embedded finance platform Arc to let users add cash to their accounts at any of Green Dot’s more than 90,000 money processing locations around the country.
“We’re thrilled to partner with Stripe to embed more...
Sweden-listed cryptocurrency asset manager CoinShares is preparing to go public in the U.S.
The company announced Monday (Sept. 8) that it had entered into a special purpose acquisition company (SPAC) agreement that will see CoinShares list on the Nasdaq, valuing it at $1.2 billion. Following the agreement, CoinShares will delist from the Swedish market.
Jean-Marie Mognetti, co-founder...
Artificial intelligence (AI) software code generation firm Cognition is now a $10 billion company.
The startup announced Monday (Sept. 8) that it had raised $400 million in a funding round, the latest in a series of AI firms seeing their valuations skyrocket recently.
“We founded Cognition last year to build the future of software engineering,” Co-founder and CEO Scott Wu wrote on the...