Peter Dugas (@regintel2000) header
Peter Dugas (@regintel2000) profile picture

Regulatory Intelligence Group. Insights on strategic regulatory and political intelligence - financial services. Former @USTreasury @CDFIFund @USDOL @SBAgov.

Washington, DC
Joined September 2025
Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)Photo by Peter Dugas (@regintel2000)
Peter Dugas retweeted
User funds are safe! It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
[🌲] TETHER FREEZES $971M USDT IN LIKELY BINANCE HACK, WITH NO UPDATE FROM BINANCE STILL
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Peter Dugas retweeted
CBS doing ads for Kalshi as actual news is an absolute low point for American media. And we’ve had some real low points before.
CBS News polling shows 75% of voters feel the Trump administration hasn't put enough focus on lowering prices – one factor driving Democratic leads in some competitive Senate races. Traders on Kalshi, our prediction market sponsor, have Democrats as favorites to win the Senate.
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Peter Dugas retweeted
Huge. ICE is going to run a regulated exchange on top of Hyperliquid's protocol. This is the right approach––regulate the apps serving U.S. customers, not the protocols underneath. a16zfrontier.com/posts/serie…
ICE and @tradexyz are bringing Hyperliquid-based perps to the U.S. Announced this morning, ICE will operate U.S. regulated versions of @tradexyz’s markets, leveraging their expertise as the leading deployer of real-world-asset perps on Hyperliquid. The new venue will operate separately to ICE’s institutional futures franchise and offer a trading experience designed for retail participation. U.S. traders will be able to trade 24/7 across a range of assets spanning the macro complex including: *Crypto 🪙 *Equities 📈 *Indices 📊 *Commodities🛢️ *Forex 💱 Read more 👇 ir.theice.com/press/news-det… Users will access the platform through U.S.-regulated FCMs performing KYC/AML screening, including ICE's joint venture with OKX. ICE and @tradexyz will seek regulatory approvals to launch a new market built on Hyperliquid to operate KYC-compliant perp markets, including approvals to support leveraged trading.
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Peter Dugas retweeted
Canada no longer joining the EU as an "associate member"
🚨 BREAKING: EU countries have dropped the idea of offering Canada "associate member" status in the 27-member bloc, opting instead for softer language promising "ever closer association," according to a draft statement, seen by POLITICO. Full story: vist.ly/5qd4s
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Peter Dugas retweeted
We are deeply honored to announce @crossriverbank’s partnership with SBI Holdings and our plan to build a joint venture in Japan. Kitao-san founded SBI in 1999 and built it into one of Japan’s most remarkable financial groups, a true pioneer of internet finance. It is a privilege to build alongside him. With JPYSC, Japan’s first trust-type yen stablecoin, SBI is leading the way once again. Together, we look forward to advancing financial inclusion across Japan and Asia-Pacific, starting with cross-border payments, agentic finance and onchain solutions. Our sincere thanks to Kitao-san and the SBI team for their trust and partnership, and to Pravesh Rijal, Benjamin Samuels, Daniel Listhaus, Hasan Nawaz, Benjamin Melnicki and Arlen Gelbard for making this happen. crossriver.com/newsroom/noti…
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Peter Dugas retweeted
When the Fed doesn't move tomorrow the US will still have among the highest real policy rates of any of the major central banks in the world--a turnaround from the past when we tended to be on the low end. Due to a combo of our strong growth & inflationary pressures.
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Peter Dugas retweeted
RED STATE CFPB: Dem AGs aren’t the only ones pursuing cases the Trump 2.0 CFPB has dropped. In recent weeks, GOP attorneys general have joined in two big-ticket settlements with Snap Finance and Credit Acceptance Corp., both sued by @ChopraUSA in cases that @russvought dropped.
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It takes fewer people to produce more output. That will start to hit the job market soon, and then everything else.
Microsoft is offering buyouts to 60,000(!) employees. Headcount and revenue growth is really starting to diverge at tech companies.
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Only 6% of Kalshi’s trading volume is outside sports and crypto - @BankofAmerica
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Just released - ABA statement on OCC's final rule implementing the GENIUS Act: aba.social/4dLrmG0
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The SEC's initial proposal for Reg Crypto Assets was an important first step towards creating a clear fundraising pathway for builders of blockchain networks. Yesterday, @a16zcrypto submitted recommendations to make that pathway more useful and durable.
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🚨UPDATE: @ABABankers isn’t happy with the @USOCC’s final GENIUS Act rule, saying it “will preserve the status quo for crypto platforms” after the regulator dropped its proposed restrictions on stablecoin yield. “Attempting to address deposit flight and economic harm after it has occurred is the wrong approach,” ABA CEO @BankersPrez says.
🚨NEW: OCC Finalizes GENIUS Act Rules, Backs Off Stablecoin Rewards Restrictions The @USOCC has finalized its GENIUS Act rules, dropping proposed restrictions on stablecoin rewards and leaving a major fight between banks and crypto firms unresolved. cryptoinamerica.com/p/occ-fi…
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🚨NEW: OCC Finalizes GENIUS Act Rules, Backs Off Stablecoin Rewards Restrictions The @USOCC has finalized its GENIUS Act rules, dropping proposed restrictions on stablecoin rewards and leaving a major fight between banks and crypto firms unresolved. cryptoinamerica.com/p/occ-fi…
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Peter Dugas retweeted
Insanely good. Bravo!
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“Klarna $KLAR will be available on Fiserv's Commerce Hub. Merchants in the U.S., Canada, the U.K. and select European markets will be able to offer Klarna both in-store and online. The agreement follows Klarna's launch this week at 100,000 U.S. in-store merchant locations through Clover.”
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Peter Dugas retweeted
A big week for regulations kicked off yesterday, as Paradigm partnered with @fund_defi, @jump_, @SolanaInstitute, and @Uniswap to comment on Treasury’s proposed rule regarding who can issue, offer, and sell stablecoins in the US under the GENIUS Act. Congress struck a careful balance in GENIUS: rules for issuers and intermediaries, and protections for decentralized infrastructure developers and providers. Treasury’s proposal is a good start, but blurs that clear line in key places.
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Great to have @BrentJMcIntosh, chief legal officer at @Citi, on the pod to talk about how one of the biggest banks in the world is thinking about AI right now. We also discuss why Citi and others formed the Alliance for Critical Infrastructure. Great stuff! (Link in reply)
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Peter Dugas retweeted
Regulators are weighing raising the $100 billion threshold for #regional bank regulations & $700 billion mark for super-regionals. They’ve already taken action on a series of changes for #banks with less than $10 #billion. bankdirector.com/article/reg…
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