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Recent Developments Raise Significant Questions about the Future of Regulation and Enforcement of Cryptocurrency

Recent developments in the world of crypto have come at a rapid pace to open 2025 not only signaling but, in some instances, explicitly declaring the Trump Administration’s intent to significantly relax or eliminate...more

NYDFS to Virtual Currency Asset Custodians: Segregate, Don’t Integrate

On January 23, 2023, the New York Department of Financial Services (NYDFS) published a short but important notice to virtual currency asset custodians containing guidance on custodial structures in order to protect customers...more

A Taxonomy of Digital Assets: Is It a Security, Commodity, Banking Product, or Something Else?

Summary - The jurisdictional lines between the different types of digital assets remain unclear. As Congress weighs separate bills seeking to establish a clear and workable regulatory framework, market participants are...more

Federal Regulation for Digital Assets Could Be Coming Soon

Summary - Significant federal regulation may be coming soon for cryptocurrencies, blockchain, and non-fungible tokens (NFTs). On June 6, 2022, U.S. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced...more

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