On April 7, 2025, Deputy Attorney General Todd Blanche announced in a memorandum to all DOJ employees (the “Blanche Memorandum”) that the DOJ “will stop participating in regulation by prosecution” and “no longer pursue...more
On January 23, President Trump issued an EO, “Strengthening American Leadership in Digital Financial Technology.” The same day, the SEC published SAB 122 which rescinded the earlier staff interpretive guidance, SAB 121....more
Stablecoin Initiatives Announced by Fintech Companies, DeFi Protocols -
Major U.S. payments firm recently announced plans to enable “disbursement partners” to use the PYUSD stablecoin to settle cross-border money...more
11/25/2024
/ Acquisitions ,
Bitcoin ,
Blockchain ,
Capital Markets ,
CFTC ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement ,
Enforcement Actions ,
ETFs ,
EU ,
FinTech ,
Initial Coin Offering (ICOs) ,
Institutional Investors ,
Investors ,
License Agreements ,
Securities and Exchange Commission (SEC) ,
Singapore ,
Stablecoins ,
Unregistered Securities
Crypto Exchanges and Stablecoin Issuers Announce Multiple New Products -
Multiple crypto sector companies have recently announced new products. In a press release, LayerZero, “an omnichain interoperability protocol that...more
11/18/2024
/ Artificial Intelligence ,
Benchmarks ,
Bitcoin ,
Blockchain ,
Criminal Convictions ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Data Security ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Ethereum ,
Information Reports ,
Market Research ,
Money Laundering ,
Money Transmitter ,
Open Source Software ,
Popular ,
Regulatory Standards ,
Scams ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Virtual Currency
Crypto Companies Announce New Stablecoin Products and Partnerships -
In recent press releases, U.S. crypto companies Paxos and Ripple announced new stablecoin products and partnerships. Paxos announced the launch of a new...more
10/21/2024
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Ether Tokens ,
Ethereum ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Virtual Currency
According to a recent press release by the banking cooperative that operates the world’s foremost global payment messaging network, central and commercial banks will soon be able to use the network “to carry out trial...more
10/7/2024
/ Blockchain ,
CFTC ,
Criminal Prosecution ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
Enforcement Actions ,
Information Reports ,
Payment Systems ,
Scams ,
Securities and Exchange Commission (SEC) ,
Smart Contracts ,
Trade Associations ,
Trading Platforms
According to recent reports, two U.S. multinational financial technology companies have integrated Ethereum Name Service (ENS), a decentralized naming system built on the Ethereum blockchain, into their payment platforms....more
9/16/2024
/ Banking Sector ,
Blockchain ,
Broker-Dealer ,
Brokers ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
DFSA ,
DIFC ,
Digital Assets ,
Dubai ,
Enforcement Actions ,
Ethereum ,
FBI ,
Financial Industry Regulatory Authority (FINRA) ,
FinTech ,
Hackers ,
Investment Advisers Act of 1940 ,
Investment Fraud ,
Multinationals ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC)
Crypto Firms Announce New Products in Payments, Investments, Custody -
A major U.S. digital asset management company recently announced the creation and public launch of its MakerDAO Trust, which “offers investors the...more
8/19/2024
/ Bank Holding Company ,
Blockchain ,
BSA/AML ,
CFTC ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Wallets ,
Ethereum ,
Financial Industry Regulatory Authority (FINRA) ,
Fraud ,
Monetary Authority of Singapore ,
Office of Foreign Assets Control (OFAC) ,
Payment Systems ,
Press Releases ,
Ripple ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Tokens ,
Statutory Violations ,
Token Sales ,
Venture Capital ,
Whistleblower Awards ,
Whistleblowers
On Aug. 7, the U.S. District Court for the Southern District of New York issued its judgment in U.S. Securities and Exchange Commission v. Ripple Labs, Inc., marking the end of district court- level proceedings in the highly...more
8/12/2024
/ Civil Monetary Penalty ,
Corporate Counsel ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Pending Litigation ,
Permanent Injunctions ,
Popular ,
Ripple ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Summary Judgment ,
Unregistered Securities
US Stablecoin Companies Achieve Licenses, Avoid SEC Enforcement Action -
According to a recent press release, Circle, the issuer of USDC and EURC, announced that it is now the “first global stablecoin issuer to achieve...more
7/15/2024
/ Basel Committee on Banking Supervision (BCBS) ,
Blockchain ,
BSA/AML ,
Central Bank Digital Currency (CBDCs) ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
EU ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Reporting Requirements ,
Royalties ,
Securities and Exchange Commission (SEC) ,
Stablecoins
In a recent press release, Grayscale Investments announced “the creation and public launch of two new crypto investment trusts: Grayscale Near Trust and Grayscale Stacks Trust.” According to the press release, “The trusts...more
6/3/2024
/ China ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
ETFs ,
Ether ,
Financial Services Industry ,
Foreign Nationals ,
Indictments ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Scams ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Wells Notice