On September 8, 2023, Sen. Richard Blumenthal (D-CT) and Sen. Josh Hawley (R-MO), announced a bipartisan legislative framework to establish guardrails for artificial intelligence (AI). Sen. Blumenthal and Sen. Hawley sit on...more
日本銀行は、中央銀行デジタル通貨(CBDC)に関する２年間の概念実証(proof-of-concept)リサーチを完了し、現在、実証実験(パイロット・プログラム)を開始している。これにより、日本は、CBDC開発の実証段階に進んだ世界有数の経済国のひとつとなった。金融専門家は、2030年までに5兆ドルのCBDCが最大40億人に流通すると予想している。世界第3位の経済大国として、デジタル円が採用される可能性は、世界の金融システムやデジタル資産金融技術...more
On August 28, 2023, the Securities and Exchange Commission (SEC) brought, and settled, an enforcement action against a media and entertainment company for “conducting an unregistered offering of crypto asset securities in the...more
Distributed ledger technology (which includes blockchain) is transformative in its own right. That said, one of the unique aspects of distributed ledger technology is its ability to benefit numerous, and often dissimilar,...more
The Bank of Japan has completed its two-year proof-of-concept research for its prospective central bank digital currency (CBDC) and has now launched a pilot program. This makes Japan the largest democratic economy in the...more
With the rapid expansion and adoption of digital assets (cryptocurrencies, stablecoins, tokenized assets, and central banks digital currencies), companies of all types are being asked to address and interact with this growing...more
New proposed guidance from the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) confirms that Japanese companies are now eligible for some of the Inflation Reduction Act’s (IRA’s) lucrative Sec....more
On March 28, 2023, the United States and Japan signed a bilateral trade agreement to strengthen supply chains of critical minerals involved in electric vehicle battery production and to “ensure the free trade of such critical...more
Digital assets, including cryptocurrencies, stablecoins, tokenized assets, and central bank digital currencies, are fundamentally reshaping U.S. and global business and transactions. That said, this transformation is complex,...more
In his recent video, Senior Associate Stephen Anstey addresses the question "What is a CBDC" in under 60 seconds....more
In his recent video, Senior Associate Stephen Anstey addresses the question "What is a Stablecoin" in under 60 seconds....more
What is a cryptocurrency? Attorney Stephen Anstey addresses one of the fundamental questions concerning digital assets. ...more
On January 13, 2023, the Internal Revenue Service (IRS) Office of Chief Counsel published Memorandum 202302011 titled “[a]pplicability of I.R.C. section 165 to cryptocurrency that has declined in value.” The Memorandum...more
1/23/2023
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Internal Revenue Code (IRC) ,
IRS ,
Popular ,
Virtual Currency
The last twelve months have seen unprecedented adoption, evolution, and turbulence across the digital assets sphere. Whether cryptocurrencies, stablecoins, or central bank digital currencies (CBDCs), all of which qualify as...more
Pound-for-pound, Tribes have the potential to be among the United States’ most prolific clean energy developers. Tribal lands, which compose approximately 5.8% of the total land area in the contiguous United States, have the...more
The United States Department of Energy (DOE), through the Regional Clean Hydrogen Hubs (H2Hubs) Program, is providing $6-7 billion in grant funding to support the development of six to ten H2Hubs across the United States...more
The U.S. Department of Energy’s (DOE) Grid Deployment Office (GDO), in collaboration with the Office of Clean Energy Demonstrations (OCED), released a Request for Information (RFI) for the $10.5 billion Grid Resilience and...more
The U.S. Department of the Treasury (Treasury) published a Request for Comment on Ensuring Responsible Development of Digital Assets. As stated by Treasury, the Request for Comment seeks input on “the illicit finance and...more
On September 16, 2022, the White House released a Fact Sheet outlining the “First-Ever Comprehensive Framework for Responsible Development of Digital Assets.” The framework addresses various topics related to both domestic...more
On July 27, 2022, Senator Manchin (D-WV) and Senator Schumer (D-NY) announced new draft reconciliation legislation, the Inflation Reduction Act of 2022 (IRA). The IRA would provide $433 billion in total investments, with $369...more
On July 8th, 2022, the U.S. Department of the Treasury published a Request for Comment seeking public input on U.S. digital assets development. The Request for Comment follows a May 19th Department of Commerce request for...more
On July 7, 2022, the U.S. Department of the Treasury (Treasury) published a Fact Sheet: Framework for International Engagement on Digital Assets (Fact Sheet). The Fact Sheet details “a framework for interagency engagement...more
On July 8, 2022, the U.S. Department of the Treasury (Treasury) published a Request for Comment seeking public input on U.S. digital assets development. The Request for Comment was published pursuant to the Biden...more
7/11/2022
/ Biden Administration ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Comment Period ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Currency ,
Executive Orders ,
Public Comment ,
Stablecoins ,
U.S. Treasury ,
Virtual Currency
Once a month, we cover an interesting topic in 60 seconds. This month, Stephen Anstey shares an update on current and proposed crypto regulation....more
On June 6, 2022, President Biden took executive action to pause antidumping and countervailing import duties on solar cells and modules from countries currently the subject of a circumvention inquiry (Inquiry) by the...more