The discussion draft of a new crypto market infrastructure bill proposes a new regulatory framework based on shared jurisdiction between the CFTC and SEC, expanded CFTC authority, and new SEC exemptions for token sales and...more
5/16/2025
/ Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Discussion Draft ,
FinTech ,
Market Infrastructure ,
Proposed Legislation ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Token Sales
Regulatory shifts are creating new opportunities in exchange-traded products and public capital markets for digital asset companies....more
4/22/2025
/ Bitcoin ,
Capital Markets ,
Cryptocurrency ,
ETFs ,
Ethereum ,
FinTech ,
Initial Public Offering (IPO) ,
Investment Funds ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Trump Administration
The SEC currently has several notable rule proposals that have received public comment but have not yet been finalized. The potential direction of these proposals is likely to be influenced by the leadership of the new SEC...more
2/10/2025
/ Broker-Dealer ,
Capital Markets ,
Cryptocurrency ,
Custody Rule ,
Digital Assets ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
Proposed Rules ,
Public Comment ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Shareholder Proposals
In the span of two days, June 5 and June 6, 2023, the US Securities and Exchange Commission (SEC) commenced proceedings against the largest crypto asset exchange in the world, Binance.com; its affiliated US exchange,...more
6/14/2023
/ Coinbase ,
Criminal Prosecution ,
Crypto Exchanges ,
Cryptoassets ,
Investment Contract ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Trading Platforms ,
Unregistered Securities
The focus on enforcement has done little to clarify regulatory expectations regarding current facts and market practices.
The Securities and Exchange Commission (SEC) has used and continues to use enforcement actions as...more
On February 15, 2023, the Securities and Exchange Commission (SEC) released a proposed rulemaking (the Proposal) that would transform existing Rule 206(4)-2 (the Custody Rule) under the Investment Advisers Act of 1940 (the...more
On July 21, 2022, the SEC charged three individuals with insider trading of digital assets via a scheme to trade ahead of multiple announcements regarding crypto assets being made available on a United States-based digital...more
7/25/2022
/ Criminal Conspiracy ,
Crypto Exchanges ,
Cryptoassets ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Indictments ,
Material Nonpublic Information ,
Securities ,
Securities and Exchange Commission (SEC) ,
Wire Fraud
On January 26, 2022, the SEC proposed rule changes that would greatly expand the scope of Regulation ATS, the regulatory regime that governs alternative trading systems (“ATSs”). Applicability to the fixed income markets was...more
In a speech before the Aspen Security Forum on August 3, 2021, SEC Chair Gary Gensler followed the lead of his predecessor and repeated the SEC’s view that current securities regulations are clear and almost all tokens are...more
The past few weeks have ushered in signs of what’s likely to come from the SEC’s Division of Enforcement under the Biden Administration, including a greater number of investigations and a tougher path to “bad boy” waivers for...more
The U.S. Securities & Exchange Commission (“SEC”) filed a complaint against Ripple Labs, Inc. (“Ripple”) and two of its executives, Brad Garlinghouse and Chris Larsen, on December 22, 2020 in the U.S. District Court for the...more
1/26/2021
/ Blockchain ,
Corporate Executives ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Popular ,
Ripple ,
Section 5 ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Unregistered Securities
The SEC, in one of the Commission’s final acts under the leadership of Chair Jay Clayton, approved enforcement action aimed at Ripple Labs, Inc. (“Ripple”) and two of its executives, Brad Garlinghouse and Chris Larsen. The...more
Never one to hold back, especially when it comes to crypto and blockchain matters, SEC Commissioner Peirce recently explained her views on the SEC’s settlement with Telegram and the agency’s approach to regulating the crypto...more