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☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

CNN —The judge overseeing the Fulton County election racketeering case declined Tuesday to send one of Donald Trump’s co-defendants to jail over recent social media posts and other comments he made targeting witnesses. He does not get an ‘oh, I’m sorry,’ after I’ve already intimidated the witnesses in this case,” Willis said. The felonies Floyd faces in the case are largely tied to his role in an intimidation campaign targeting two Atlanta election workers in late 2020. The leader of Black Voices for Trump, Floyd was separately charged in May with simple assault of a federal officer who was delivering a subpoena to him to testify before a grand jury in Washington, DC. He said that Floyd’s posts about Freeman have led to a “spike” in online activity targeting Freeman.

Persons: Donald Trump’s, Scott McAfee, Harrison Floyd, “, he’s, codefendants, ”, Fani Willis, I’ve, ” Willis, McAfee, ’, Floyd, Trump, Trump’s, Sidney Powell, Mark Meadows, Chris Kachouroff, ” Kachouroff, Jenna Ellis, Ruby Freeman, Ruby, Michael Hill, Black, Black Trump Guy ’, Willis interjected, ” Hill, Willis, Gabriel Sterling, you’re, ” Sterling, Von DuBose, Freeman Organizations: CNN, Trump, Fulton, Dems, Black Trump, it’s Locations: Fulton, ” Fulton County, Atlanta, Washington , DC, Trump, Fulton County, Georgia

☆ Only 1% of US wineries are Black-owned. These entrepreneurs want to change that
▼ + stars: | 2023-06-19 | by ( Jeremy Harlan | ) edition.cnn.com time to read: +8 min

It’s a problem that the guests at the Black on Black dinner, and many others, hope to change. “What we’re trying to do is change what leadership looks like and bring more people into the wine industry. Ikimi Dubose-Woodson leads The Roots Fund, a non-profit working to create opportunities for minorities to have successful careers in the wine industry. “The amount of money and wealth that’s generated in the wine and spirits industry is never talked about,” said Burston. Connection and communicationA lack of communication between the predominantly White-owned wine industry and minority communities has also slowed diversity efforts, several dinner guests agreed.

Persons: Channing Frye, CJ McCollum, Carmelo Anthony, Chris Paul, Dwyane Wade, Damian Jones, Marcus Samuelsson, “, Alicia Towns Franken, ” Franken, Franken, Jeremy Harlan, CNN Franken, George Floyd, Breonna Taylor, ”, Ikimi Dubose, Woodson, “ It’s, ” Dubose, Donae Burston, Burston, I’m, Dubose, Nathan Lefebvre, Frye, Jay, we’ve, ’, ” Frye, Amir Shafii, you’re Organizations: Aspen, Colorado CNN, NBA, Wine Co, Association of African, CNN, Wine, Roots Fund, Fund, Blacks, La, Cleveland Cavaliers Locations: Colorado, Caribbean, Chicago, Aspen , Colorado, Holstein

☆ Ex-academic forges a new career denying Trump's 2020 election loss
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +27 min

“The war is just getting started,” Clements told his 100,000 Telegram followers on Nov. 16. His rise in the movement began in January 2021, when a dispute with his employer, New Mexico State University, over the U.S. Capitol riot went public. ‘I will not take the jab’Clements’ swift rise in election-denier circles caused a stir at New Mexico State, where he continued to teach. Flynn co-founded the America Project, a well-capitalized right-wing group that has financed lawsuits and campaigns challenging the 2020 election results and the integrity of U.S. voting systems. One of their roles is to certify election results, which until the Trump era was typically a rubber-stamp formality.

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