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CFTC Issues No-Action Relief For Private Fund Managers Pending Potential Reinstatement Of Significant CPO Registration Exemption

On December 19, 2025, the Market Participants Division (MPD) of the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter (Letter) providing certain private fund managers with temporary relief from the...more

SEC Staff Statement on Tokenized Securities: New Plumbing, Same Rules

On January 28, 2026, the Divisions of Corporation Finance, Investment Management, and Trading and Markets of the U.S. Securities and Exchange Commission (the “SEC”) issued a joint staff statement on tokenized securities (the...more

SEC - CFTC “Harmonization” Event — What Chairs Atkins and Selig Just Signaled to Digital Asset Markets

On January 29, 2026, the Securities and Exchange Commission (the “SEC”) Chair Paul S. Atkins and the Commodity Futures Trading Commission (the “CFTC”) Chair Michael S. Selig hosted a joint event1 focused on harmonizing the...more

SEC Chairman Atkins Announces “Project Crypto” – A New Era for Digital Asset Regulation in the United States

On July 31, 2025, Securities and Exchange Commission (“SEC” or “Commission”) Chairman Paul S. Atkins delivered a landmark speech (the “Speech”) at the America First Policy Institute, announcing “Project Crypto,” a...more

Key takeaways from the White House digital assets report, a strategic framework for U.S. digital asset policy

On July 30, 2025, the President’s Working Group on Digital Asset Markets released its report titled “Strengthening American Leadership in Digital Financial Technology” (the “Report”), which outlines the United States’...more

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