News & Analysis as of

U.S. Treasury SIFMA

Cadwalader, Wickersham & Taft LLP

Dueling Crypto Banjos: Two Very Different Reactions to Treasury’s Proposed Crypto Reporting Scheme

Treasury recently delivered a mother lode of proposed tax reporting rules to the crypto industry.  By and large, the crypto industry is booing loudly, complaining that the rules are overbroad and that there is not enough time...more

Kilpatrick

U.S. Treasury Department to Weigh In On Fintech Innovation

Kilpatrick on

Press reports indicate that the U.S. Treasury Department anticipates releasing a report during the next few weeks that will provide some recommendations on financial services regulation. The report will be the fourth and...more

Morgan Lewis

IRS Delays Effective Date for New Regulations on Embedded Loans in Swaps

Morgan Lewis on

The Treasury and the IRS have delayed implementation of the recently announced rule change that treats certain types of upfront payments on swaps as loans for federal income tax purposes (including for purposes of the...more

Morgan Lewis

SEC Extends AML Relief for Broker-Dealer CIP Reliance on Advisers

Morgan Lewis on

The SEC’s action suggests that formal antimoney laundering program requirements for investment advisers may be on the horizon. On January 9, the staff of the U.S. Securities and Exchange Commission (SEC) issued the...more

Akin Gump Strauss Hauer & Feld LLP

Administration and SIFMA Announce New Steps to Make Financial Data More Secure

On October 17, 2014, President Obama directed the federal government to take steps to improve the security of financial transactions in the United States. As part of the “BuySecure” Initiative, the President pledged a...more

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