Chair Gensler Continues to Be Outspoken About the Risks of AI Technologies -
Chair Gensler’s warnings of the potential risks associated with the use of AI technologies in the securities industry recently continued with...more
Chair Gensler’s Public Statements Warning of AI’s Impact on Securities Industry -
In his speech before the National Press Club, Chair Gensler focused on the tremendous opportunities AI technology presents but cautioned...more
8/8/2023
/ Analytics ,
Artificial Intelligence ,
Bias ,
Broker-Dealer ,
Compliance ,
Conflicts of Interest ,
Data Privacy ,
Intellectual Property Protection ,
Investment Adviser ,
Machine Learning ,
Proposed Rules ,
Public Statements ,
Securities and Exchange Commission (SEC)
In recognition of Black History Month, we are spotlighting four associates from within our various practice groups through our new podcast series Celebrating Black Voices at BakerHostetler.
On today’s episode of Celebrating...more
Payments Firms Launch Crypto Products, New DeFi Price Indices Announced -
A U.S. fintech company recently announced the launch of a fiat-to-crypto on-ramp, which facilitates fiat-to-crypto payments using “a customizable...more
12/12/2022
/ AML/CFT ,
Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Compliance ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Enforcement Priorities ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FinCEN ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Royalties ,
Token Sales ,
Trading Platforms
On November 7, 2022, the U.S. Department of Justice (DOJ) announced that it had seized more than $3.36 billion worth of bitcoin as part of a continuing investigation into a 10-year fraud involving the Silk Road dark web...more
11/14/2022
/ Asset Seizure ,
Bitcoin ,
Criminal Proceeds ,
Criminal Prosecution ,
Cryptocurrency ,
Dark Web ,
Department of Justice (DOJ) ,
Fraud ,
IRS ,
Silk Road ,
Wire Fraud
Crypto Products Launch in Debit Cards, Payment Gateways, Trading Platforms -
This week, two cryptocurrency financial services and trading platforms announced partnerships with traditional financial services companies to...more
10/31/2022
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
FinTech ,
Malware ,
Metaverse ,
Non-Fungible Tokens (NFTs) ,
Payment Systems ,
Regulatory Authority ,
State Securities Regulators ,
Supply Chain
Crypto Products Launch, Reports Detail CBDC Pilots and Bank Crypto Exposure -
Last week, Circle Internet Financial, the issuer of USD Coin (USDC), announced plans “to make USDC available on five additional blockchain...more
10/10/2022
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Corporate Bonds ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Fraud ,
FSOC ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
U.S. Treasury
On August 1, 2022, the New York State Department of Financial Services (“DFS” or “Department”) issued a Consent Order, imposing a $30 million fine on Robinhood Crypto, LLC (“Robinhood”), a trading platform that allows...more