CFPB lets banks off the hook and drops Zelle lawsuit

CFPB lets banks off the hook and drops Zelle lawsuit

Source: The Verge The Consumer Financial Protection Bureau (CFPB) today dismissed a lawsuit against Early Warning Services, the company that runs the Venmo-like Zelle payment platform, as well as the three banks that share ownership of it, reports CNBC. The CFPB, which enforces regulations against the financial services industry, had claimed in its December 2024…

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Coinbase Files FOIA To Discover Cost Of SEC’s War On Crypto

Coinbase Files FOIA To Discover Cost Of SEC’s War On Crypto

Source: Bitcoinist Coinbase filed a Freedom of Information Act (FOIA) request to seek information on the Securities and Exchange Commission (SEC)’s spending on enforcement actions against crypto firms during the Biden Administration. Coinbase Seeks Details On SEC’s Crypto War Cost On Monday, Paul Grewal, Coinbase’s Chief Legal Officer (CLO), announced that the company had submitted…

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Pump.fun volume drops by 63% in February

Pump.fun volume drops by 63% in February

Source: Coin Tegraph Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals. In total, the platform’s trading volume declined from $119 billion to $44 billion in the…

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The crypto industry got what it paid for

The crypto industry got what it paid for

Source: The Verge The crypto market never closes, so it was fitting President Donald Trump made the announcement on a Sunday: he was going to reward the billionaires who funded his presidential run. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump wrote in a…

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Solana upgrades will strengthen network but squeeze validators — VanEck

Solana upgrades will strengthen network but squeeze validators — VanEck

Source: Coin Tegraph Solana’s planned protocol upgrades are important for the network’s long-term health but could deal a blow to validators’ earnings, according to asset manager VanEck.  In March, Solana’s validators will vote on two proposed upgrades — known as Solana Improvement Documents (SIMDs) — to the blockchain protocol designed to ensure rewards for stakers…

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