USA News and Economic Updates
Illinois enacts 0.2% digital asset tax in FY2027 budget plan
Illinois is adding a new levy on digital asset activity as the state broadens its regulatory and fiscal approach to the crypto sector. The measure, signed by Governor JB Pritzker on Tuesday, ...
Senate Banking Committee discusses economic recovery measures for U.S. businesses and families
U.S. senators are examining ways to strengthen the economy as families and businesses continue to face pressure from pandemic-related disruptions and rising prices. The discussions center on small ...
Kalshi adds surveillance partnership with StarCompliance as prediction market scrutiny rises
Growing regulatory and insider trading concerns around prediction markets are pushing financial firms to strengthen oversight of employee activity. Kalshi is partnering with StarCompliance on a ...
U.S. tech giants face calls to share AI gains with workers
As concern over artificial intelligence’s effect on employment grows in the U.S., pressure is building on major technology companies to back policies that protect workers before large-scale ...
U.S. SPAC market regains momentum as mega-IPO wave crowds out smaller listings
A surge in blockbuster stock market debuts is creating space for special-purpose acquisition companies as smaller firms look for alternative routes to public markets. The shift is helping revive a ...
Illinois approves digital asset tax in state budget
Illinois is moving ahead with a new levy on digital asset activity after Governor J.B. Pritzker signs a $56 billion state budget for fiscal 2027. The measure imposes a 0.2% tax on certain ...
Trump administration agrees $765 million Invenergy payment to exit offshore wind leases
The U.S. administration is reshaping power investment priorities by compensating developers to abandon offshore wind positions and redirect capital into other energy sources. Invenergy says the ...
OCC clarifies filing decision standards for community banks
U.S. bank regulators are restating how application reviews are handled for community banks as scrutiny of governance, financial disclosures and compliance frameworks remains central to charter and ...
OCC clarifies filing decision standards for bank applications
U.S. bank regulators are setting out how application reviews are handled as the Office of the Comptroller of the Currency clarifies when filings are approved, conditionally approved, denied, or ...
Siemens Financial Services gains SBA 7(a) lender approval in U.S.
The U.S. Small Business Administration is expanding its non-bank lending network by granting Siemens Small Business Lending a Small Business Lending Company license. The approval makes the Siemens ...
U.S. expands commercial fishing access in Western Pacific monuments
A federal policy shift is reopening parts of protected waters in the Western Pacific to commercial fishing, broadening access for the U.S. seafood industry. The move targets areas around three ...
U.S. House panel chairs press FinCEN to modernize AML rules
Congressional Republicans on the House Financial Services Committee are pushing for changes to how U.S. anti-money laundering rules are applied across the financial sector. Their appeal centers on ...
U.S. business inventories rise in April, supporting second-quarter growth outlook
Inventory accumulation picks up at U.S. businesses in April, adding to signs that stock rebuilding is supporting economic activity in the second quarter. The gain follows several quarters in which ...
SBA launches small business pledge for U.S. 250th anniversary initiative
The U.S. Small Business Administration is introducing a new program tied to the nation’s 250th anniversary, as it seeks to engage small companies in a broader celebration of entrepreneurship and ...
FINRA expels Reid & Rudiger, bars cofounders over excessive trading violations
The enforcement action targets nearly six years of trading activity that FINRA says harms retail customers through high-cost strategies and repeated account turnover. The case also extends to ...
Anthropic suspends access to new Claude models after U.S. export control directive
Anthropic is facing a sharper form of federal scrutiny after years of publicly backing tighter artificial intelligence safeguards. The restriction targets the company’s latest Claude models, ...
U.S. senators press Trump not to pardon former FTX chief Sam Bankman-Fried
Two senators involved in cryptocurrency policy talks are pushing to block any executive clemency for former FTX chief Sam Bankman-Fried as debate over digital asset regulation continues in ...
U.S. crypto court cases move toward 2026 trials and sentence review
Several high-profile cryptocurrency criminal cases in the Southern District of New York are moving through new procedural stages that could shape legal risk for trading platforms, executives and ...
U.S. Labor Department threatens funding penalties over unemployment insurance fraud
Federal pressure on state unemployment systems is intensifying as the U.S. Department of Labor orders governors across 53 states and territories to take immediate action against fraud, waste, and ...
Trump delays Jay Clayton confirmation as intelligence post fight hits FISA renewal
A dispute over U.S. surveillance powers is disrupting Donald Trump's effort to install a permanent leader for the nation's intelligence apparatus. The president says Jay Clayton's Senate ...
Fairshake-backed Barry Moore wins Alabama GOP Senate runoff
Crypto industry political spending is gaining traction in key U.S. Senate races as primary contests shape the 2026 midterm map. In Alabama, U.S. Representative Barry Moore advances to the general ...
