California commission outlines campaign disclosure requirements for crypto
The California Fair Political Practices Commission has released disclosure requirements for cryptocurrency contributions to political candidates and committees.
Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
biometric data
BIPA
California
class action suit
coinbase
Court
crypto exchange
Illinois
Lawsuit
privacy laws
suit
Coinbase faces suit over alleged privacy violations in biometrics collection
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users' fingerprints and facial scans.
Bank Failure
Banking Industry
California
deposit insurance
DFPI
FDIC
Financial Troubles
First Republic Bank
JPMorgan Chase
News
Signature Bank
silicon valley bank
Silvergate Bank
U.S. financial system
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this…
JPMorgan to acquire troubled First Republic Bank
Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation.
California approves blockchain-based digital wallet for gov’t services
Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.