When it rains, it pours. On January 23, 2023, the New York Department of Financial Services announced that it had issued certain Guidance on Custodial Structures for Customer Protection in the Event of Insolvency in which it...more
3/1/2023
/ Crypto Exchanges ,
Cryptoassets ,
Custody Rule ,
Investment ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
NYDFS ,
Private Equity Funds ,
Proposed Amendments ,
Rulemaking Process ,
Securities and Exchange Commission (SEC)
On July 5, 2022, cryptocurrency brokerage Voyager Digital filed for chapter 11 in the Southern District of New York Bankruptcy Court, citing a short-term “run on the bank” due to the “crypto winter” in the cryptocurrency...more
7/18/2022
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Cryptoassets ,
Cryptocurrency ,
Financial Services Industry ,
Liquidation ,
Proposed Amendments ,
Reorganizations ,
Uniform Commercial Code (UCC)