More than eight years after the assassination of Maltese journalist Daphne Caruana Galizia sent shockwaves through Europe, all eyes are once again on the capital Valletta, where the alleged mastermind of her murder has been on trial since July 1.  Yorgen Fenech, a powerful businessman, is standing trial on a charge of complicity in murder and has pleaded not guilty. Caruana Galizia, who reported extensively on corruption, money laundering, organized crime, and political misconduct in Malta, was killed in a car bomb in October 2017. The verdict – expected in August – could finally bring justice to Caruana Galizia’s family,…

A wide swath of the US banking industry is urging Senate leaders to amend the stablecoin yield provisions of the Digital Asset Market Clarity Act (CLARITY) now under consideration. The American Bankers Association (ABA), the Independent Community Bankers of America (ICBA) and 76 other state banking associations sent a joint letter to Senate leaders that claimed that the current language on stablecoin interest, yield and rewards is too ambiguous and argued that new amendments need to prevent payment stablecoins from acting as deposit substitutes rather than pure transaction tools.The joint letter, which showed support for the broader bill, said the ABA…

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