In the House, lawmakers continue to make progress on the Clarity for Stablecoins Act (H.R. 4766). On March 19, at a press event hosted by Punchbowl News on the policy landscape for digital payments, outgoing House Financial...more
4/9/2024
/ Anti-Money Laundering ,
CFTC ,
Coinbase ,
Copyright Office ,
Cryptoassets ,
Cryptocurrency ,
DIFC ,
FDIC ,
Fines ,
Fraud ,
Ponzi Scheme ,
RICO ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Sentencing ,
Stablecoins ,
USPTO
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates the stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
3/20/2024
/ Banking Regulators ,
Bitcoin ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
ETFs ,
Financial Services Industry ,
Fraud ,
Investors ,
Legislative Agendas ,
OECD ,
Proposed Legislation ,
Pyramid Schemes ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Stablecoins ,
Tokenization ,
Wire Fraud
Congress continues to plug along on crypto policy. The Senate’s attention – on a bipartisan basis – has been focused on extending Anti-Money Laundering (AML) regulatory authority to the digital assets space. This continues to...more
2/21/2024
/ AML/CFT ,
Bitcoin ,
CFTC ,
Chapter 11 ,
Coinbase ,
Cryptoassets ,
Cryptocurrency ,
European Banking Authority (EBA) ,
Exchange-Traded Products ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Securities Fraud
On the one hand, the year ended where it began. The legislation on stabelecoins and market structure that would provide a regulatory framework for digital assets has still not been enacted into law. And Securities and...more
1/19/2024
/ Anti-Money Laundering ,
Bitcoin ,
CFTC ,
Class Action ,
Coinbase ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
ETFs ,
Fraud ,
Money Transmitter ,
Office of Foreign Assets Control (OFAC) ,
Ponzi Scheme ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Summary Judgment ,
Terrorism Funding ,
U.S. Treasury ,
Virtual Currency
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates these stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
11/20/2023
/ CFTC ,
Coinbase ,
Cryptoassets ,
Digital Assets ,
Enforcement ,
FDIC ,
Financial Conduct Authority (FCA) ,
FinCEN ,
Fraud ,
Jury Selection ,
Licensing Rules ,
Securities and Exchange Commission (SEC) ,
United Arab Emirates (UAE)
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates these stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
10/10/2023
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FinTech ,
Investment ,
IOSCO ,
Regulatory Reform ,
Securities and Exchange Commission (SEC)
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates these stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
9/13/2023
/ Anti-Money Laundering ,
CFTC ,
Coinbase ,
Cryptoassets ,
Cryptocurrency ,
Deposit Insurance ,
Digital Assets ,
Enforcement Actions ,
FDIC ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Fraud ,
IRS ,
Misleading Statements ,
Non-Fungible Tokens (NFTs) ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Securities and Exchange Commission (SEC) ,
Tax Evasion ,
U.S. Treasury
Introduction -
Congress returns from the August recess with a robust agenda and limited time to pursue it. The calendar is further constrained by the September 30 deadline to pass appropriations packages or a continuing...more
9/5/2023
/ Agricultural Sector ,
Climate Change ,
Continuing Resolution ,
EBITDA ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Fair Credit Reporting Act (FCRA) ,
Federal Aviation Administration (FAA) ,
Financial Services Industry ,
Government Shutdown ,
Healthcare ,
Inflation Reduction Act (IRA) ,
Life Sciences ,
NDAA ,
Pharmacy Benefit Manager (PBM) ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Tax Cuts and Jobs Act
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates these stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates these stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
Washington is in a period of closely divided government. The Democrats have the White House; the Republicans have a bare majority in the House; and Democrats have a bare majority in the Senate. In practice, this means policy...more
On April 26, 2023, Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT) led a bipartisan group of lawmakers in reintroducing the SAFE Banking Act—legislation that aims to ensure that state legal cannabis businesses have access...more
CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates these stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more
Whether or not there is a thaw in the long “crypto winter,” U.S. policymakers seem determined to bring some regulatory certainty to the industry. And, contrary to claims that the dramatic events of last fall would undercut...more
This December issue of Crypto Link covers the significant developments surrounding FTX Trading Ltd. (FTX), including its bankruptcy filing and the charges against and arrest of its CEO, Samuel Bankman-Fried. In the midst of...more
This edition of CryptoLink follows the 2022 U.S. midterm elections, and lawmakers in Congress are now outlining ambitious agenda priorities for next Congress, putting digital assets near the top of the list. Following the FTX...more
12/15/2022
/ Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Regulatory Agencies ,
FinCEN ,
Office of Foreign Assets Control (OFAC) ,
Securities and Exchange Commission (SEC) ,
Unregistered Securities
Key Points -
On August 3, 2022, Sens. Debbie Stabenow (D-MI) and John Boozman (R-AR)—the Chair and Ranking Member of the Senate Agriculture Committee—introduced the Digital Commodities Consumer Protection Act of 2022 (S....more
Key Points -
On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) released long-awaited legislation addressing the regulatory and tax treatment of digital assets. Their Responsible Financial...more
On Monday, April 18, 2022, Reps. Vern Buchanan (R-FL), Mike Kelly (R-PA) and Brad Wenstrup (R-OH)—all Republican Members of the House Committee on Ways & Means—reintroduced several pieces of legislation meant to secure...more
On March 9, 2022, President Joe Biden signed Executive Order (EO) #14067, Ensuring Responsible Development of Digital Assets, a long-awaited regulatory roadmap for executive branch agencies. In the EO, Biden directs relevant...more
One of the few remaining opportunities for passage of bipartisan legislation this Congress is legislation to improve America’s competitiveness vis-à-vis China for semiconductor manufacturing and scientific research and...more
As the 117th Congress moves into 2022, cryptocurrency and digital assets will continue to be an area of intense focus and discussion for both Democrats and Republicans. Member interest continues to grow in this space, with...more
On Friday, July 9, 2021, President Biden issued Executive Order (EO) 14036, “Promoting Competition in the American Economy”. In the ensuing months, federal agencies have begun to implement the EO’s 72 initiatives to address...more
1/6/2022
/ Anti-Competitive ,
Antitrust Provisions ,
Biden Administration ,
Department of Health and Human Services (HHS) ,
Department of Transportation (DOT) ,
Executive Orders ,
Food Supply ,
Meat Processing Plants ,
Poultry ,
Supply Chain ,
USDA
Key Points
- Enacted as part of the 2021 NDAA, the Act will require companies with no prior anti-money laundering reporting requirements to submit beneficial ownership information to FinCEN.
- FinCEN must issue...more
On March 23, 2020, the Federal Reserve announced several new measures aimed at confronting the economic fallout from the COVID-19 pandemic and keeping credit markets functioning. One of these measures is the establishment of...more