Former President Trump signed a new order 2 days ago, planning to scrutinize foreign individuals' banking transactions in the US.
On May 22, reports confirmed that President Trump signed an executive order on May 19, imposing stricter scrutiny on "non-citizens" operating in the U.S. banking system.
Per information from the White House website, Trump has ordered the U.S. Department of the Treasury to issue formal guidance to financial institutions, directing them to identify and report suspicious activities such as wage tax evasion, hidden account ownership, off-payroll wage payments, and other related violations.
Framed under the goal of "restoring integrity to the financial system and mitigating systemic risks," the executive order tasks the Treasury Department, the Consumer Financial Protection Bureau (CFPB), and other federal financial regulatory agencies with drafting new regulations within 60 to 180 days. Key provisions include: requiring financial institutions to strengthen due diligence on customers without work authorization and their employers; incorporating "potential eviction and income loss" int
7 minutes ago
Dorsey Asset Management Increases Stake in Strategy to Over $1 Billion
May 22 — Per BitcoinTreasuries.NET, State Street, the world’s third-largest asset management firm with $5.6 trillion in assets under management, has increased its position in MicroStrategy (MSTR), a prominent bitcoin treasury company, by 893,625 shares. The new acquisition is valued at approximately $147.9 million, bringing State Street’s total MicroStrategy holdings to 7 million shares, worth more than $1 billion in aggregate. This marks a 14.5% rise in the firm’s stake in the bitcoin-focused corporate entity.
7 minutes ago
Futu Holdings Responds to Regulatory Penalty: Current Client Account Assets and Services Remain Unaffected
On May 22, a representative from Futu Holdings responded to the penalty imposed on the company by the China Securities Regulatory Commission (CSRC), noting that the firm has been closely tracking relevant regulatory developments, carefully reviewing the details, and will issue a unified formal response once all necessary information is fully gathered. Currently, the company’s business operations remain normal, and customer account assets and services are not affected.
7 minutes ago
Polymarket: User Funds and Market Settlement Secure, Incident Due to Internal Operations Wallet Private Key Leak
May 22 — Polymarket staffer Shantikiran Chanal took to social media to address earlier concerns from ZachXBT about a potential attack targeting Polymarket’s UMA CTF Adapter contract. Chanal confirmed user funds and market settlements remain fully safe, noting an initial investigation traced the incident to a leaked private key of an internal operations wallet — not a vulnerability in the contract or Polymarket’s core infrastructure. He added that he will continue sharing updates as the investigation progresses.
7 minutes ago
Smart trader stxrboy.sol, who has made over $1.33M profit, just bought 5M $VIRL ($19.2K).
Smart trader stxrboy.sol, who has made over $1.33M profit, just bought 5M $VIRL ($19.2K) as virl.fun gets Alpha listings on @kucoincom, @Gate and @MEXC. 24hr Launchpad volume hits $1.78M putting it in the top 10 on @solana in less than a week.
7 minutes ago
Korean Regulator Launches Investigation into Whether Polymarket Violated Anti-Gambling Law
May 22 – A Bloomberg report states that South Korea’s Korea Communications Standards Commission (KCSC) has officially launched a review of prediction market platform Polymarket to assess whether it is offering illegal gambling content that violates South Korea’s anti-gambling laws.
South Korea enforces strict gambling restrictions, limiting such activities to only nationally authorized entities that operate programs like horse racing and sports betting. However, Polymarket contends that odds on its platform are set by market participants buying and selling contracts, not by the platform itself – meaning the service should not be covered under South Korea’s anti-gambling regulations.
Notably, South Korea will hold local elections this June, and Polymarket currently hosts multiple prediction markets tied to the election outcomes.
7 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
