The emergence of non-fungible tokens (NFTs) has spawned novel legal and regulatory considerations, spanning intellectual property rights, the potential classification of NFTs as securities, the recovery of assets held on...more
It's no secret that cryptocurrency markets and the larger digital assets economy have been roiled by recent instability, resulting in discussions about how regulatory initiatives, rising inflationary pressure, and public...more
8/3/2022
/ Anti-Money Laundering ,
Biden Administration ,
Blockchain ,
Copyright ,
Coronavirus/COVID-19 ,
Cryptoassets ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement ,
Executive Orders ,
Howey ,
Income Taxes ,
Investor Protection ,
Non-Fungible Tokens (NFTs) ,
Risk Assessment ,
Royalties ,
Securities and Exchange Commission (SEC) ,
Virtual Currency ,
Warranties
On March 9, 2022, President Joe Biden signed the “Executive Order on Ensuring Responsible Development of Digital Assets” (the order), outlining his administration’s intention to begin a strategic review of potential...more
3/16/2022
/ Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Department of Homeland Security (DHS) ,
Digital Assets ,
Digital Currency ,
Ether ,
Federal Reserve ,
Global Market ,
Joe Biden ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Risk Mitigation ,
U.S. Treasury
On October 15, 2020, the CFTC unanimously adopted amendments to Rule 3.10(c) that will be of assistance to foreign-located persons acting as commodity pool operators on behalf of offshore commodity pools. Rule 3.10(c) will...more
On April 14, by unanimous vote of the Commissioners, the Commodity Futures Trading Commission (“CFTC” or “Commission”) approved a notice of proposed rulemaking to update comprehensively its Part 190 Rules governing a...more
6/26/2020
/ American Bar Association (ABA) ,
Bankruptcy Code ,
Broker-Dealer ,
CFTC ,
Chapter 7 ,
Commodity Broker ,
Dodd-Frank ,
Futures Commission Merchants (FCMs) ,
Hedge Funds ,
New Rules ,
Proof of Claims ,
Proposed Rules ,
Publicly-Traded Companies ,
Secretary of the Treasury ,
Securities and Exchange Commission (SEC) ,
SIPA ,
SIPC ,
Trustees
A decade into the cryptocurrency revolution, the digital currency’s future is awash with questions from regulation and enforcement to exactly what type of asset they are to the impact of volatility in market values....more
In our previous update, we informed you that Atlantic Trading USA LLC had filed the first class action complaint in Chicago federal court against various numerous unnamed market maker trading firms, alleging manipulation of...more
On March 25, 2015, the U.S. Securities and Exchange Commission (SEC) voted unanimously to issue a proposed rule amendment that would significantly narrow the existing exemption that permits many proprietary-trading...more
Implementation of the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) affecting users of swaps and derivatives has been moving forward. Numerous rules of the Commodity Futures...more