SEC Issues Crypto Guidance and Safe Harbor Plan

The US SEC has released long-awaited guidance classifying cryptocurrencies into five categories, with securities laws applying only to digital securities. Chair Paul Atkins also proposed a safe harbor to ease token sales and fundraising for crypto firms.

Banks Keep £100 Contactless Limit After FCA Scraps Cap

Major UK banks have decided to retain the £100 limit for contactless card payments, even though the Financial Conduct Authority has removed the official cap. This move comes amid concerns over fraud and consumer demand.

Oil Crisis Wealth Transfer: Profits and Prevention

Soaring oil prices from the US-Israel war on Iran risk repeating the 2022 wealth transfer, where the richest 1% captured 50% of fossil fuel profits. Experts propose excess profit taxes and price caps to redistribute gains and fund clean energy.

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