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
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 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
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
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
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