WASHINGTON, Dec. 22 (TNSFR) -- The Federal Reserve System issued a statement aimed at fostering innovation while maintaining the stability of financial framework of the U.S. This action rescinds a 2023 policy that had placed restrictive presumptions on "novel" banking activities, including those involving crypto-assets. The move marks a shift in how the agency handles the evolving financial landscape. By withdrawing previous restrictions, the agency seeks to align oversight with the principle   more

WASHINGTON, Dec. 22 (TNSFR) -- The U.S. Department of Labor issued a final rule to rescind regulations that previously required federal service contractors to offer jobs to qualified employees from predecessor contracts. The decision follows an executive order which revoked a prior mandate regarding the nondisplacement of workers. The department stated that because the regulations were created solely to implement the now-revoked order, the rules are no longer authorized and serve no purpose. T  more