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The Fintech Five news recap for June 9, 2023

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The Fintech Five brings you the top five fintech stories of the week in under two minutes.

It is delivered via the Fintech Nexus daily newsletter and website and across Fintech Nexus social media channels every Friday.

This week

  • The SEC has filed suits against Binance and Coinbase, raising concerns about the future of crypto regulation.
  • House Republicans are pushing for legislation to provide clarity in the industry.
  • The CFPB is shifting its focus to major legislation instead of individual enforcement actions.
  • Amazon Pay is partnering with a firm to offer a “buy now, pay later” product.
  • Lawmakers are also addressing the duopoly of Mastercard and Visa.

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