The Corporate Transparency Act has significant implications for United States and foreign business entities. There are significant penalties, including fines and imprisonment, for willful failures to report. This article provides an executive summary of what you need to know to be ready.
In December 2020, as part of the larger National Defense Authorization Act, the Corporate Transparency Act (the “Act”) was enacted. The Act requires that anonymous shell companies, most.
Analysis: Ripple (XRP) Risks Massive Declines After WallStreetBets-Led Pump
Ripple is back at the center of attention of the cryptocurrency community after a group of Redditors responsible for pumping failed stocks of GameStop and AMC Corporations choose to orchestrate the same buying frenzy for the blockchain firm’s native token XRP.
The last four days have witnessed the XRP/USD exchange rate jump from $0.23 to as high as $0.77 a 228 percent rally. The pair’s gains pushed the XRP’s market capitalization to $32 billion at one point in time, making it the fourth most valuable cryptocurrency in the space.
Ripple awaits correction after pumping 228 percent in four days. Source: XRPUSD on TradingView.com
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Federal Regulation Actions Frozen Pending Review from New Administration
On January 20, 2021, newly inaugurated President Joe Biden issued a memorandum to the Heads of Executive Departments and Agencies asking current agency leaders to freeze implementation of all new or pending rules to allow the President’s appointees or designees to have an opportunity to review any new or pending rules. In the memo, the new administration asks that no new rules be implemented until a department or agency head appointed or designated by Presiden