While tariff policy has captured headlines, four recent regulatory reform policy developments are nevertheless significant for the financial services industry. These developments are tied to increasing presidential control...more
4/16/2025
/ Administrative Procedure Act ,
Banks ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Executive Orders ,
Financial Institutions ,
Financial Regulatory Reform ,
Popular ,
Regulatory Reform ,
Repeal ,
Tariffs ,
Trump Administration ,
U.S. Treasury
Trump Administration continues aggressive use of Executive Orders to assert Article II powers.
Latest EO will require one of the most extensive regulatory reviews ever....more
Despite the tone and tint of recent headlines, President Trump's February 18, 2025, "Ensuring Accountability for All Agencies" Executive Order (the "Accountability EO") appears to be the latest in a long line of efforts to...more
2/24/2025
/ Administrative Procedure Act ,
Constitutional Challenges ,
Executive Orders ,
FDIC ,
Federal Reserve ,
Financial Regulatory Reform ,
OIRA ,
OMB ,
Popular ,
SCOTUS ,
Statutory Interpretation
The recent confirmation of Russ Vought as director of the Office of Management and Budget (OMB) is expected to kickstart the Administration's centralized approach to reforming the administrative state. The recently revived...more
On January 21, 2025, Acting SEC Chairman Mark Uyeda announced the creation of a crypto Task Force dedicated to developing a "comprehensive and clear regulatory framework for crypto assets." Acting Chairman Uyeda tasked...more
1/30/2025
/ CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
Financial Regulatory Reform ,
FinTech ,
Pilot Programs ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Trump Administration
We have previously analyzed the recent history of Executive Orders ("EOs") controlling the issuance and content of regulations. As we saw on Inauguration Day 2025, and continue to see, the second Trump Administration is...more
The Trump Administration has embarked on a fundamental shift on how the United States approaches digital assets—in marked contrast with the Biden Administration's policies—likely changing the prospects of the crypto market in...more
1/27/2025
/ Biden Administration ,
Blockchain ,
CFTC ,
Congressional Review Act ,
Cryptocurrency ,
Cyber Crimes ,
Digital Assets ,
Executive Orders ,
Federal Reserve ,
FinTech ,
Liquidity ,
National Security ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Trump Administration ,
U.S. Treasury
Efforts by the Executive Branch to shape and control regulatory output is nothing new. Beginning with the Nixon Administration, several administrations have issued Executive Orders (EOs) to limit or otherwise influence how...more
While the coming weeks and months will provide more clarity, we already can anticipate some indications of what is in store for bank regulation, supervision, and enforcement in a second Trump Administration. To help navigate...more
11/15/2024
/ Anti-Money Laundering ,
Banks ,
Brokered Deposits ,
Chevron Deference ,
Community Reinvestment Act ,
Corporate Governance ,
Deregulation ,
Enforcement ,
Executive Orders ,
FDIC ,
Federal Reserve ,
Financial Crimes ,
Financial Services Industry ,
Interagency Guidance ,
OCC ,
Proposed Rules ,
Regulatory Agenda