This is the third and final part of our update series on the CFTC’s recent Guidance related to the “actual delivery” of a digital asset for purposes of the retail commodity transaction provisions of the Commodity Exchange...more
The Regulation of Retail Commodity Transactions—History and Background -
On March 24, 2020, the U.S. Commodity Futures Trading Commission (the Commission or the CFTC) finalized long-awaited interpretive guidance regarding...more
5/4/2020
/ Actual Delivery ,
Bitcoin ,
CFTC ,
Commodities ,
Designated Contract Markets (DCMs) ,
Digital Assets ,
Digital Currency ,
Dodd-Frank ,
Futures ,
Initial Coin Offering (ICOs) ,
Leveraged Finance ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Trading Platforms ,
Virtual Currency
On March 24, 2020, the U.S. Commodity Futures Trading Commission (the Commission or the CFTC) finalized long-awaited interpretive guidance regarding what constitutes the “actual delivery” of a digital asset in the context of...more
5/1/2020
/ Actual Delivery ,
Bitcoin ,
Blockchain ,
Bucket Shop ,
CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
Commodity Futures Contracts ,
Designated Contract Markets (DCMs) ,
Digital Assets ,
Digital Currency ,
Dodd-Frank ,
Futures ,
Initial Coin Offering (ICOs) ,
Leveraged Finance ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Trading Platforms ,
Virtual Currency
U.S. Legislation -
U.S. House Bill Seeks Classification of “Managed Stablecoins” as “Securities” -
Texas Representative Sylvia Garcia introduced legislation in the U.S. House of Representatives that would amend the...more
12/23/2019
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Ethereum ,
Investment Management ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Token Sales
U.S. Developments -
Regulatory Updates -
SEC Settles Enforcement Action with Gladius Network -
On February 20, 2019, the U.S. Securities and Exchange Commission (“SEC”) announced the settlement of charges against...more
3/5/2019
/ Blockchain ,
CFTC ,
Criminal Investigations ,
Digital Assets ,
Enforcement Actions ,
FBI ,
Popular ,
Real Estate Transactions ,
Registration Requirement ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
The Ethereum Classic blockchain was the victim of a 51% attack (often called a majority or Sybil attack) on January 5, 2019 that reorganized portions of the blockchain and allowed the attackers to double-spend 219,500 ETC...more
2/22/2019
/ ASIC ,
Bitcoin ,
Bitcoin Mining ,
Blockchain ,
CFTC ,
Commodity Exchange Act (CEA) ,
Computer Fraud and Abuse Act (CFAA) ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Distributed Ledger Technology (DLT) ,
Ethereum ,
Popular ,
Private Right of Action ,
Virtual Currency
U.S. Developments -
Regulatory Updates -
FinCEN Issues Advisory on Illicit Iranian Activities -
On October 11, 2018, the U.S. Treasury Department Financial Crimes Enforcement Network (“FinCEN”) issued an advisory to...more
10/18/2018
/ Blockchain ,
CFTC ,
Cryptocurrency ,
Financial Institutions ,
FinCEN ,
FinTech ,
Initial Coin Offering (ICOs) ,
Institutional Investors ,
Popular ,
Rule 506(c) ,
Securities and Exchange Commission (SEC) ,
Singapore ,
Token Sales ,
United Arab Emirates (UAE) ,
Venezuela ,
Virtual Currency