Grayscale Gains Approval for First Crypto Mutual Fund
The SEC has approved Grayscale’s multi-asset crypto exchange-traded product, Digital Large Cap Fund (GDLC)—the crypto world’s first equivalent of a mutual fund. Unlike earlier products that invested solely in bitcoin or ether, Grayscale’s fund offers a diversified basket of cryptocurrencies, including XRP, Solana, and Cardano. This approval comes after a long period in which numerous […]
Amex Refreshes Platinum Card Perks and Lifts Annual Fee
As more credit card companies compete for affluent customers, American Express is updating the benefits lineup on its premier card and raising the annual fee to $895. The new fee represents a substantial jump from the previous $695 mark, but Amex maintains that the hike is justified by the expanded perks and partnerships it has […]
Cuts to SNAP, Rising Cash-out Provisions Lead Prepaid Regulatory Concerns
For the prepaid industry, 2025 has been focused on federal legislation, particularly the impact of the omnibus so-called “One Big Beautiful Bill” that was signed into law in July. On the state side, regulators have been mostly quiet, aside from a gift card cash-out proposal still working its way through the California legislature. In his […]