On April 7, the Securities and Exchange Commission (SEC) released its enforcement results for the fiscal year ending September 30, 2025, characterizing the period as one of significant “course correction.” The SEC filed 456...more
4/10/2026
/ AML/CFT ,
Anti-Money Laundering ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FDIC ,
FinCEN ,
New Legislation ,
Proposed Rules ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
The GENIUS Act ,
Tokenization
On March 30, the U.S. District Court for the Southern District of New York entered a consent order against Peken Global Limited, doing business as KuCoin, imposing a civil monetary penalty of $500,000 and permanently...more
4/9/2026
/ AML/CFT ,
Anti-Money Laundering ,
CFTC ,
Consent Order ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Foreign Boards of Trade (FBOT) ,
Penalties ,
Registration Requirement
On April 2, the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) filed lawsuits against Arizona, Connecticut, and Illinois, challenging each state’s enforcement actions against CFTC-registered...more
4/8/2026
/ Appeals ,
Artificial Intelligence ,
Basel III ,
CFTC ,
Department of Justice (DOJ) ,
Designated Contract Markets (DCMs) ,
Enforcement Actions ,
FinTech ,
New Regulations ,
Preemption ,
Preliminary Injunctions ,
Proposed Rules ,
Small Business Loans ,
Sports Betting ,
Trading Platforms
New Commodity Futures Trading Commission (CFTC) Director of Enforcement David I. Miller made several significant announcements in remarks at NYU Law School on March 31. Miller discussed what the CFTC Division of Enforcement...more
4/7/2026
/ Anti-Money Laundering ,
CFTC ,
Commodity Exchange Act (CEA) ,
Commodity Futures Contracts ,
Compliance ,
Cooperation ,
Energy Sector ,
Enforcement ,
Enforcement Actions ,
Enforcement Priorities ,
Financial Markets ,
Insider Trading ,
Market Manipulation ,
New Guidance ,
Regulatory Oversight ,
Reporting Requirements ,
Swaps
U.S. Department of Labor Proposes Rule to Open 401(k) Plans to Crypto and Alternative Assets -
On March 30, the U.S. Department of Labor (DOL) released a proposed rule that would make it easier for 401(k) retirement plans...more
4/3/2026
/ 401k ,
Australia ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Defined Contribution Plans ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Digital Assets ,
Economic Sanctions ,
Enforcement Actions ,
Federal Election Commission (FEC) ,
Federal Reserve ,
Fiduciary Duty ,
New Legislation ,
OCC ,
PACs ,
Proposed Rules ,
Retirement Plan ,
Sanctions ,
Stablecoins ,
The GENIUS Act ,
U.S. Treasury
Between March 25 and March 26, members of both chambers introduced at least three bills targeting prediction markets. On March 25, Reps. Adrian Smith, R-Neb., and Nikki Budzinski, D-Ill., introduced the PREDICT Act, which...more
4/1/2026
/ Australia ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
Executive Orders ,
Financial Markets ,
FinTech ,
Government Officials ,
Insider Trading ,
New Legislation ,
Penalties ,
Preemption ,
Preliminary Injunctions ,
Proposed Legislation ,
State and Local Government ,
State Attorneys General ,
Trading Platforms
On March 24, Delaware Sen. Spiros Mantzavinos and Rep. Bill Bush introduced two bipartisan bills–Senate Bill 19, the Delaware Payment Stablecoin Act, and Senate Bill 16, the Delaware Banking Modernization Act. The Delaware...more
3/27/2026
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Securities ,
New Legislation ,
Proposed Legislation ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
State and Local Government ,
Tokenization ,
UK
On March 16, 2026 the CFTC continued its assertion of exclusive jurisdiction over prediction markets1 by publishing an ANPRM2 and Staff Advisory,3 both related to event contracts. These releases come amid ongoing federal and...more
3/25/2026
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Blockchain ,
CFTC ,
Comment Period ,
Commodity Exchange Act (CEA) ,
Designated Contract Markets (DCMs) ,
Filing Deadlines ,
Financial Markets ,
Proposed Rules ,
Public Comment ,
Regulatory Oversight ,
Reporting Requirements ,
Risk Management ,
Rulemaking Process ,
Sports ,
Sports Betting
On March 17, 2026, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) (together, the Agencies) released a Joint Interpretation regarding the application of federal securities laws...more
3/23/2026
/ Blockchain ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Securities ,
Howey ,
Investment Contract ,
New Guidance ,
Regulatory Oversight ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Stablecoins
SEC and CFTC Issue Joint Interpretation Clarifying Application of Federal Securities Laws to Crypto Assets-
On March 17, the Securities and Exchange Commission (SEC) issued a commission-level interpretation clarifying...more
3/20/2026
/ Anti-Money Laundering ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
New Legislation ,
No-Action Letters ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Stablecoins ,
Tokenization
Background -
On March 11, the SEC and the CFTC (the Agencies) announced a new MOU designed to strengthen coordination between the Agencies on regulatory matters involving overlapping jurisdictions.
The MOU reflects the...more
3/13/2026
/ CFTC ,
Cryptoassets ,
Derivatives ,
Digital Assets ,
Dodd-Frank ,
Financial Markets ,
Information Sharing ,
Memorandum of Understanding ,
Regulatory Oversight ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps ,
Swaps ,
Tokenization
SEC and CFTC Sign Historic Memorandum of Understanding-
On March 11, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) formally entered into a memorandum of understanding...more
3/13/2026
/ CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement ,
Enforcement Actions ,
FinCEN ,
Memorandum of Understanding ,
Nasdaq ,
New Legislation ,
Regulatory Agenda ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Stablecoins
President Donald Trump Accuses Banks of Undermining GENIUS Act, Urges Passage of CLARITY Act-
On March 4, Trump posted on Truth Social accusing the banking industry of undermining the Guiding and Establishing National...more
3/6/2026
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Cryptocurrency ,
Digital Assets ,
Donald Trump ,
FATF ,
Federal Reserve ,
Financial Action Task Force ,
Financial Institutions ,
FinTech ,
New Legislation ,
OCC ,
Proposed Legislation ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
The GENIUS Act
OCC Issues Proposed Rule to Implement the GENIUS Act-
On Feb. 25, the Office of the Comptroller of the Currency (OCC) issued a 376-page Notice of Proposed Rulemaking (Bulletin 2026-3) to implement the Guiding and...more
2/27/2026
/ Crypto Exchanges ,
Cryptoassets ,
Federal Reserve ,
Hong Kong ,
National Bank Charters ,
New Legislation ,
Notice of Proposed Rulemaking (NOPR) ,
OCC ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Proposed Rules ,
Regulatory Oversight ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Tokenization
SEC Chairman Atkins Delivers Remarks Outlining 2026 Crypto Regulatory Agenda-
On Feb. 18, SEC Chairman Paul S. Atkins and Commissioner Hester M. Peirce delivered joint remarks outlining the SEC's comprehensive regulatory...more
2/20/2026
/ Blockchain ,
Broker-Dealer ,
California ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Financial Protection and Innovation (DFPI) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
EU ,
Federal Reserve ,
Hong Kong ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Stablecoins
On Feb. 11, Securities and Exchange Commission (SEC) Chairman Paul S. Atkins testified before the U.S. House Financial Services Committee regarding the agency’s plans for cryptocurrency regulation. Atkins announced that he...more
2/13/2026
/ CFTC ,
China ,
Cryptocurrency ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Hong Kong ,
New Guidance ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Tokenization ,
UK
On Jan. 29, the U.S. Senate Agriculture Committee voted along party lines to advance a cryptocurrency market structure bill that would grant the Commodity Futures Trading Commission (CFTC) regulatory authority over digital...more
2/9/2026
/ Canada ,
CFTC ,
Cryptoassets ,
Digital Assets ,
Enforcement Actions ,
Gambling ,
New Legislation ,
New Regulations ,
OCC ,
Office of Foreign Assets Control (OFAC) ,
Proposed Legislation ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Stablecoins
On Jan. 29, Securities and Exchange Commission (SEC) Chairman Paul S. Atkins and Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig held a joint event discussing harmonization between the two agencies and...more
1/30/2026
/ Blockchain ,
CFTC ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
New Legislation ,
New Regulations ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Tokenization
On Jan. 28, the Securities and Exchange Commission’s (SEC) Division of Corporation Finance, Division of Investment Management, and Division of Trading and Markets (collectively referred to as Staff), released a joint staff...more
1/30/2026
/ Blockchain ,
Broker-Dealer ,
Compliance ,
Cryptoassets ,
Digital Assets ,
New Guidance ,
Regulatory Requirements ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Regulation ,
Security Token Offering (STOs) ,
Security-Based Swaps ,
Tokenization
On Jan. 21, U.S. Senate Committee on Agriculture, Nutrition, and Forestry Chairman John Boozman, R-Ark., released updated legislative text that builds on a previously released bipartisan discussion draft that would give the...more
1/23/2026
/ CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Futures Commission Merchants (FCMs) ,
New Legislation ,
No-Action Letters ,
Non-Fungible Tokens (NFTs) ,
Preliminary Injunctions ,
Proposed Legislation ,
Securities and Exchange Commission (SEC) ,
Stablecoins
On Jan. 15, U.S. Senate Banking Committee Chairman Tim Scott (R-S.C.) announced that the Committee will be postponing the markup hearing for the comprehensive digital asset market structure legislation which was originally...more
1/16/2026
/ Blockchain ,
Cease and Desist Orders ,
CFTC ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
New Legislation ,
Proposed Legislation ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Senate Banking Committee ,
Stablecoins
The Senate Committee on Banking, Housing, and Urban Affairs and the Senate Committee on Agriculture, Nutrition, and Forestry intend to hold markup hearings regarding market structure legislation on Jan. 15. The topics...more
1/9/2026
/ California ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
National Bank Charters ,
Proposed Legislation ,
Securities and Exchange Commission (SEC) ,
Senate Banking Committee ,
Senate Committees ,
Stablecoins ,
The GENIUS Act ,
Unclaimed Property
Protocol Staking Under the Federal Securities Laws -
Historically, the SEC has taken issue with certain staking activities under the federal securities laws. The SEC previously alleged that staking-as-a-service programs...more
6/2/2025
/ Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
FinTech ,
Howey ,
Investment Contract ,
New Guidance ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The Staff noted that Securities Exchange Act (SEA) Rule 15c3-3(b) only applies to securities carried by a broker-dealer. Accordingly, if a broker-dealer carries non-security crypto assets (e.g., Bitcoin or Ether), a...more
The Division’s statement specifically addresses the mining of crypto assets that are intrinsically linked to the programmatic functioning of a public, permissionless network. These assets, referred to by the Division as...more