On August 30, 2023, in a case of first impression, the U.S. District Court for the Southern District of New York dismissed in full a putative securities class action against Uniswap Labs, a decentralized finance (“DeFi”)...more
9/15/2023
/ Blockchain ,
CFTC ,
Class Action ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
FinCEN ,
Investors ,
Popular ,
Regulatory Agenda ,
Regulatory Requirements ,
Securities ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Swap Trading
On February 23, 2023, in the wake of the deposit run experienced by Silvergate Bank, a bank holding deposits on behalf of a number of crypto-asset related entities, the Board of Governors of the Federal Reserve System, the...more
On January 3, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (together, the “federal banking regulators”) issued a joint...more
The Securities and Exchange Commission, on October 12, 2022, adopted amendments to its books and records electronic storage requirements for broker-dealers and certain security-based swap entities (“SBSEs”). The final rule...more
On July 14 2022, when the U.S. House of Representatives passed the National Defense Authorization Act (NDAA) (H.R. 7900), it included an amendment (Sec. 5401) that would drastically expand U.S. anti-money laundering (AML)...more
Recent turbulence in the crypto asset market and comments by certain regulators raise the critical question of what happens to crypto assets held by a crypto custodian if the custodian becomes insolvent. Custodians include...more
On June 7, 2022, Senator Kirsten Gillibrand (D-NY) and Senator Cynthia Lummis (R-WY) introduced the Responsible Financial Innovation Act (RFIA), a highly anticipated legislative proposal that, if enacted by Congress and...more
On May 25, 2022, the Securities and Exchange Commission (the SEC) proposed rule and form amendments that, if adopted, would require specific, additional disclosures regarding environmental, social, and governance (ESG)...more
On Monday, March 21, 2022, the U.S. Securities and Exchange Commission (SEC) proposed, at a scheduled Open Meeting, amendments to its rules under the Securities Act of 1933 and the Securities Exchange Act of 1934 that would...more
In a hearing before the U.S. Senate Committee on Agriculture, Nutrition and Forestry (the Committee) on February 9, 2022, U.S. Commodity Futures Trading Commission (CFTC) Chair, Rostin Behnam, recommended a proactive federal...more
On January 20, 2022, the Board of Governors of the Federal Reserve System (“Federal Reserve”) released a long-awaited paper on U.S. central bank digital currency (“CBDC”), Money and Payments: The U.S. Dollar in the Age of...more
The President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued a long-awaited Report on Stablecoins on November 1, 2021.
...more
On January 30, 2020, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange Commission and the Commodity...more