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(Reuters) -Wall Street’s top regulator is considering changing or scrapping regulations proposed under the prior administration that would require investment advisors keeping custody of cryptocurrencies and other assets to meet stricter standards, the agency’s interim chief said on Monday. Mark Uyeda, acting chair of the U.S. Securities and Exchange Commission, also said the agency was developing possible changes to a recent rule that requires mutual and exchange-traded funds to report portfolio holdings on a monthly … Read more…

By Daniel Wiessner (Reuters) -President Donald Trump has rescinded an executive order issued by his Democratic predecessor, Joe Biden, that required businesses that contract with the federal government to pay workers a minimum wage of $17.75 an hour. Trump, a Republican, late on Friday repealed nearly 20 Biden-era memos and executive orders touching on a range of topics, including the 2021 mandate that significantly raised pay for workers on federal contracts. Biden had initially raised … Read more…

By David Lawder WASHINGTON (Reuters) -The U.S. Internal Revenue Service is taking a “strategic pause” in its technology modernization investments to re-evaluate its operating approach in light of new artificial intelligence technologies, a senior IRS career technology official said on Friday. The agency will review a number of technology modernization initiatives that have been taken in recent years, including the new Direct File free filing system for tax returns that was launched last year under … Read more…

WASHINGTON (Reuters) – U.S. Vice President JD Vance said on Friday he expects a “high level” TikTok deal by the April 5 deadline. “There will almost certainly be a high-level agreement that I think satisfies our national security concerns, allows there to be a distinct American TikTok enterprise,” he told NBC News during an interview aboard Air Force Two. U.S. President Donald Trump tapped Vance and national security adviser Michael Waltz last month to oversee … Read more…