On May 21, 2025, the Commodity Futures Trading Commission’s (CFTC) Market Participants Division and Division of Market Oversight jointly issued Staff Letter 25-14 in response to a request from SCB Limited, a Bahamas-based...more
6/9/2025
/ Broker-Dealer ,
CFTC ,
Cross-Border Transactions ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Markets ,
Popular ,
Registration Requirement ,
Regulatory Requirements ,
Reporting Requirements ,
Swap Dealers
While we anticipated a relaxed US Securities and Exchange Commission (SEC) under the new administration, even the biggest proponents of a lax SEC did not expect a “meme coin” blessing within weeks of a new SEC chair being...more
3/4/2025
/ Bitcoin ,
Blockchain ,
Compliance ,
Corporate Governance ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Fraud ,
Regulatory Agenda ,
Regulatory Oversight ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Technology Sector
On January 21, 2025, US Securities and Exchange Commission (SEC) Acting Chairman Mark T. Uyeda announced the formation of a new crypto task force. This initiative aims to develop a comprehensive and clear regulatory framework...more
On January 15, 2025, BitMEX, a Seychelles-registered crypto exchange, was fined $100 million in connection with a previously entered guilty plea to criminal violations of US anti-money laundering (AML) laws. The penalty...more
In November 2021, at the height of cryptocurrency’s “bull run,” the market capitalization for crypto reached a record of nearly $3 trillion. Just a year later, and shortly after FTX petitioned for Chapter 11 bankruptcy...more
Against a backdrop of near-daily enforcement actions and constant regulatory changes, Montana inched into the fray by publishing a letter calling on money transmitters to make a submission to the Montana Department of Banking...more
On March 9, 2022, US President Joe Biden signed an unprecedented executive order directing federal agencies to coordinate their approach to clarifying cryptocurrency regulations. Sighs of relief were heard across the industry...more
3/11/2022
/ Biden Administration ,
Central Bank Digital Currency (CBDCs) ,
Consumers ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
Financial Services Industry ,
Investors ,
New Legislation ,
Regulatory Agenda ,
Technology ,
Virtual Currency
On October 15, 2021, the US Department of the Treasury’s Office of Foreign Asset Control (OFAC) announced updated guidance for virtual currency companies in meeting their obligations under US sanctions laws. On the same day,...more
The Commodity Futures Trading Commission (CFTC) sent shockwaves across the cryptocurrency industry when it issued a $1.25 million settlement order with Kraken, one of the industry’s largest market participants. The next day,...more
10/4/2021
/ Bitcoin ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Ethereum ,
New Guidance ,
Regulatory Agencies ,
Securities and Exchange Commission (SEC) ,
Settlement ,
U.S. Treasury
Join us as we discuss the issues facing trustees and individuals holding cryptocurrency or seeking to invest in cryptocurrency.
We will explore the evolving regulatory environment as well as evolving estate planning...more
This panel will discuss fraud in the crypto space, including but not limited to origination, transfers, tracking, tracing, and other blockchain-related issues....more
A recent complaint concerning KIK Interactive Inc. filed in the US District Court of the Southern District of New York reveals some SEC priorities for cryptocurrency enforcement actions. The complaint indicates that the SEC...more
6/13/2019
/ Blockchain ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Initial Coin Offering (ICOs) ,
Investment Contract ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
In its long-awaited guidance, the Staff of the Securities and Exchange Commission recently provided a lengthy list of factors to consider when determining whether an initial coin offering (ICO) is a security. While the...more
4/10/2019
/ Blockchain ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Initial Coin Offering (ICOs) ,
Intellectual Property Protection ,
Internet Retailers ,
Investment Contract ,
Investors ,
New Guidance ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency