OKX operator Aux Cayes Fintech has pleaded guilty to running an unlicensed money transmitting business and will pay over $504 million in fines and fees.

The U.S. financial landscape for decentralized finance (DeFi) appears to be shifting, as the Securities and Exchange Commission (SEC) has terminated its investigation into Uniswap Labs, a prominent decentralized crypto exchange. The probe, which spanned over a year, accused Uniswap of functioning as an unregistered broker exchange and clearing agency while issuing unregistered securities.

The UK Government is reportedly considering dissolving the Payment Systems Regulator (PSR) and integrating it into the Financial Conduct Authority (FCA) as part of its broader economic growth agenda. The PSR, while fully independent, already shares some operational services with the FCA.

The U.S. Securities and Exchange Commission (SEC) has established the Cyber and Emerging Technologies Unit (CETU) to address cyber-related misconduct and protect retail investors from technology-driven fraud.

JP Morgan Chase CEO Jamie Dimon, in a meeting with Republican lawmakers and top bank CEOs, called for a review of financial regulations. He warned that strict rules, particularly anti-money laundering laws, are forcing banks to cut off customers to avoid penalties.

London-based Wise misled U.S. customers with inaccurate fee advertisements and failed to properly disclose exchange rates, according to the Consumer Financial Protection Bureau (CFPB).

President Donald Trump has issued an executive order establishing a working group on digital assets to craft a federal regulatory framework for cryptocurrencies and explore the creation of a national digital asset stockpile.