On May 19, 2022, the U.S. Department of Commerce published a Request for Comment titled “Developing a Framework on Competitiveness of Digital Asset Technologies." Digital assets, in this context, cover a broad array of...more
On May 19, 2022, the U.S. Department of Commerce (Commerce) published a Request for Comment titled “Developing a Framework on Competitiveness of Digital Asset Technologies” (Request for Comment). Digital assets, in this...more
6/7/2022
/ Biden Administration ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Executive Orders ,
Public Comment ,
Regulatory Agenda ,
Regulatory Reform ,
Secretary of the Treasury ,
Stablecoins ,
U.S. Commerce Department ,
U.S. Treasury ,
Virtual Currency
Last week, the Federal Reserve (Fed) and the U.S. Department of the Treasury (Treasury) noted potential risks associated with certain aspects of stablecoins. While the Fed affirmed that “the aggregate value of stablecoins[…]...more
Last week, the Federal Reserve (Fed) and the U.S. Department of the Treasury (Treasury) noted potential risks associated with certain aspects of stablecoins. While the Fed affirmed that “the aggregate value of...more
There are those in the crypto sphere who, despite the strong warnings of several federal agencies, believe there can be no enforcement without crypto specific regulation. This is not the case. There are also those who believe...more
5/10/2022
/ CFTC ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
Non-Fungible Tokens (NFTs) ,
OCC ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Stablecoins ,
Virtual Currency
There are those in the crypto sphere who, despite the strong warnings of several federal agencies, believe there can be no enforcement without crypto specific regulation. This is not the case. There are also those who believe...more
Janet Yellen, Secretary of the Treasury and former chair of the Federal Reserve, delivered remarks on digital assets policy, innovation, and regulation late last week. Her remarks addressed President Biden’s March Executive...more
On April 1, 2022, the International Trade Administration (“ITA”) of the U.S. Department of Commerce (“Commerce”) published notice of a circumvention inquiry (“Inquiry”) that could materially increase the cost of certain solar...more
Last week, Senator Lummis of Wyoming and Senator Gillibrand of New York addressed their much-anticipated legislation on the regulation of digital assets at an event hosted by Politico called Regulating the Digital Gold Rush....more
Last week, Senator Lummis of Wyoming and Senator Gillibrand of New York addressed their much-anticipated legislation on the regulation of digital assets at an event hosted by Politico called Regulating the Digital Gold Rush....more
In early March 2022, President Biden signed an Executive Order on Ensuring Responsible Development of Digital Assets. Digital assets, in this context, cover various types of assets, including cryptocurrency, stablecoin, and...more
3/17/2022
/ Biden Administration ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Executive Orders ,
FDIC ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Regulatory Reform ,
OCC ,
Securities and Exchange Commission (SEC) ,
U.S. Commerce Department ,
U.S. Treasury
Last week, President Biden signed an Executive Order on Ensuring Responsible Development of Digital Assets. Digital assets, in this context, cover various types of assets, including cryptocurrency, stablecoin, and central...more
Today, the White House announced President Biden will sign an Executive Order on “[e]nsuring Responsible Innovation in Digital Assets.” The announcement explains that digital assets, “have seen explosive growth in recent...more
Last Friday the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act (“Infrastructure Act”), which passed the Senate on August 10, 2021, was passed in the House. President Biden is expected to sign the...more
Last Friday the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act (“Infrastructure Act”), which passed the Senate on August 10, 2021, was passed in the House. The $1.2 trillion Infrastructure Act includes $550...more
Earlier this month, the U.S. Department of the Treasury (Treasury) launched the $350 billion Coronavirus State and Local Fiscal Recovery Funds (Fiscal Recovery Funds) program. The program, which is established under the $1.9...more
Qualifying restaurants, bars, and related small businesses that serve food or drink are eligible to receive up to $10 million in grant funding under the $28.6 billion Restaurant Revitalization Fund (RRF). The U.S. Small...more