Noreen Weiss Discusses Banking, Fintech, And Crypto

Crypto Making Inroads - Technology development in the fintech and crypto space, which has been accelerating since the start of the COVID pandemic, pushes the limits of banking and securities regulations. Currently, non-state issued digital assets exceed $3 trillion. Eleven nations have already launched central bank digital currencies (CBDCs), with another 14 considering pilot programs, 26 in development phase, and 47 (including the US) in the research phase. Governments and regulators have scrambled to keep up with the changes, but have gained their footing in the last year as more policy directives and regulations have been forthcoming globally.

Biden's Executive Order

In March 2022, President Biden issued an Executive Order that acknowledged that advances in digital and distributed ledger technology for financial services have led to dramatic growth in markets for digital assets, with profound implications for the protection of consumers, investors, and