Tag: Cryptocurrencies & ICOs
Federal Reserve Doubles Down on Oversight of Crypto Activities for Banks
By Grant F. Butler, Jeremy McLaughlin, Anthony R.G. Nolan, and Judie Rinearson
The Federal Reserve Board (the “FRB”) issued Supervision and...
Breaking News
MiCA is Here: European Ground-breaking Rules for the Cryptocurrencies Market
By Giovanni Campi, Mathieu Volckrick, Paula Estaban Gomez
On 30 June, European institutions reached a provisional political agreement on the proposal...
Louisiana Proposes Administrative Rules for Virtual Currency Businesses
By Jeremy M. McLaughlin and Christian A. Zazzali
The Louisiana Office for Financial Institutions (“OFI”) has proposed administrative rules governing the...
Change Is Constant* and There’s a lot of Regulatory Change Happening in the UK – Impacting Fintechs and Crypto Asset companies.
By Kai Zhang
Critical third party regime
This is to address the concentration issue where financial services firms outsource key functions/services to...
On Heels of Crypto Legislative Activity, NYDFS Follows Up With Crypto Stablecoin Guidance
By Jeremy M. McLaughlin, Andrew M. Hinkes, and Christian Zazzali
On June 8, 2022, the New York State Department of Financial...
New York Legislators Address Crypto Head-On
By Jeremy M. McLaughlin, Christian A. Zazzali, and Josh Durham
On Friday June 3, 2022, New York lawmakers passed two cryptocurrency...
10 Impactful Provisions of the Lummis-Gillibrand Bill
By Andrew Hinkes, Eden Rohrer, and Judie Rinearson
The “Lummis-Gillibrand Responsible Financial Innovation Act,” announced this morning, lays out a bold...
California Soliciting Comments on Potential Regulation of Crypto Products and Services
By Jeremy McLaughlin and Christian A. Zazzali
On May 4, 2022, California Governor Gavin Newsom issued an executive order on digital...
California’s Executive Order Embraces Crypto
By Jeremy McLaughlin and Christian A. Zazzali
On May 4, 2022, California Governor Gavin Newsom issued an executive order on digital...
UK’s Increased Regulatory Interest in Cryptoassets
By Judith Rinearson and Kai Zhang
On 24 March 2022, the Bank of England (in the name of its Financial Policy...
The Fed Wants Your Input On A Potential Digital Dollar
By Jeremy M. McLaughlin and Daniel S. Nuñez Cohen Last week the Federal Reserve Board (the “Fed”) issued a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation” (the “Paper”). The Paper explores the advantages and disadvantages of the Fed issuing a central bank digital currency (CBDC or digital […]
Satoshi Goes to Washington : Senator Toomey Issues RFI to Inform Digital Asset Legislation
By Jeremy M. McLaughlin, Judith Rinearson, and Daniel S. Cohen As we have noted in the past, federal regulation of the digital asset/cryptocurrency/DeFi community is evolving and there are many perspectives on what direction it should take. For instance, earlier this week, the House Democratic leadership and a group of moderate House Democrats agreed to […]
Taking Bitcoin to the Bank: FDIC Seeks Comments on Bank Services for Digital Assets
By: Judie Rinearson, Jeremy McLaughlin, and Daniel S. Cohen The Federal Deposit Insurance Corporation (FDIC) has issued a “Request for Information and Comment on Digital Assets” (RFI) to learn more about the “novel and unique considerations related to digital assets….[g]iven that banks are increasingly exploring the emerging digital asset ecosystem.” A key theme of the […]
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