After many iterations over the years attempting to regulate the cryptocurrency space, the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act, or FIT21 Act, on May 22, 20241. The...more
6/4/2024
/ Blockchain ,
CFTC ,
Commodities ,
Cryptocurrency ,
Digital Assets ,
Financial Regulatory Reform ,
Investment ,
Pending Legislation ,
Popular ,
Regulatory Agenda ,
Regulatory Authority ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The crypto industry secured a key victory in its court battles with the Securities and Exchange Commission (SEC or Commission) on Thursday, July 13, when Judge Analisa Torres of the U.S. District Court for the Southern...more
Sens. Cynthia Lummis (R. Wyo.) and Kristen Gillibrand (D. N.Y.) have reintroduced their landmark bipartisan crypto bill known as the Lummis-Gillibrand Responsible Financial Innovation Act (“Lummis-Gillibrand Act” or “LG...more
7/18/2023
/ Blockchain ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Digital Assets ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investment ,
Popular ,
Proposed Legislation ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC)
The cryptocurrency and blockchain industry has developed over the past decade with a large and increasingly glaring void: What regulations ultimately will apply and who will regulate the space? Much regulatory focus to date...more
3/4/2022
/ Alternative Trading System (ATS) ,
Blockchain ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Financial Fraud ,
FinTech ,
Howey ,
Investment Contract ,
Money Laundering ,
Popular ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
With the recent explosion of blockchain technology and major companies pivoting their business models to realize the promise of a metaverse, tech innovators, entertainment and sports icons, and venture capitalists alike are...more
2/18/2022
/ Blockchain ,
Continuing Legal Education ,
Data Privacy ,
Data Protection ,
Data Security ,
Decentralized Finance (DeFi) ,
Gaming ,
Internet ,
Popular ,
Smart Contracts ,
Technology Sector ,
Tokenization ,
Webinars ,
Websites
It’s already been an epic year for blockchain, and it’s only March. As blockchain technology and digital currency companies are dominating today’s headlines, and more traditional companies get involved, what’s next for this...more
3/17/2021
/ Blockchain ,
Capital Raising ,
Continuing Legal Education ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Currency ,
Entertainment Industry ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Financial Transactions ,
Investment Management ,
Investors ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Startups ,
Tangible Property ,
Tokenization ,
Webinars
As we prepare to put 2020 in the rearview mirror, many of us will not have fond memories of the year. Quarantines, masks, social distancing, unspeakable tragedy, economic ruin for some industries. But the fintech world proved...more
1/7/2021
/ Banking Sector ,
Blockchain ,
Cryptocurrency ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Lenders ,
Madden v Midland Funding ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securitization
Bank transaction activity has picked up as small and midsize banks look to adjust their business models to the digital economy. Some fintech companies have chosen to acquire or form their own banks. The clash between the new...more
2/24/2020
/ Acquisitions ,
Banking Sector ,
Blockchain ,
Continuing Legal Education ,
Cryptocurrency ,
Financial Services Industry ,
FinTech ,
Fintech Charter ,
Investment Funds ,
Investors ,
Lenders ,
Libor ,
Mergers ,
Online Marketplace Lending ,
Opportunity Zones ,
Partnerships ,
Popular ,
Regulatory Requirements ,
Syndicated Loans ,
Tax Credits ,
Webinars
Taking a break after eight brisk years of regulatory and litigious turbulence, the world of fintech and marketplace lending in 2019 was notable for being more business as usual, or what some might call a “ho hum” year of...more
Financial technology news includes the continuing battle over the Office of the Comptroller of the Currency’s (OCC) plan to issue special-purpose national bank (“fintech”) charters, with the agency seeking to dismiss lawsuits...more
State regulators have reached an agreement on multistate licensing and supervision standards for the financial technology industry, drawing from recommendations made by a group of several dozen fintech companies....more
A key regulator has announced a cryptocurrency crackdown in conjunction with Canadian as well as U.S. federal and state regulators. Also, the CFTC has released new guidance for clearinghouses and exchanges, while a key state...more
Fintech developments continue to unfold, with ongoing workshops and forums, Federal Deposit Insurance Corp. remarks from its chair, another dismissal in the challenge to the Office of the Comptroller of the Currency’s (OCC)...more
In cryptocurrency news, the Vermont legislature is considering a bill that would create a tax on digital currency transactions, while the Securities and Exchange Commission (SEC) released a statement on enforcement actions....more
The latest regulator attempting to rein in controls on the marketplace lending industry is the Federal Deposit Insurance Corp. (FDIC). Marketplace lending to consumer borrowers generally runs through state-chartered banks....more
9/7/2016
/ Administrative Appeals ,
Administrative Proceedings ,
Banks ,
Borrowers ,
Draft Guidance ,
ECOA ,
FDIC ,
Financial Institutions ,
Online Marketplace Lending ,
Popular ,
Public Comment ,
Risk Management ,
State Charters ,
Third Party Lenders ,
Third-Party Risk
Why it matters -
Regulatory oversight of online marketplace lending is moving forward, with representatives from the Department of the Treasury sharing six "central themes" drawn from comments on the agency's Request...more