A few months ago, in our client alert titled “Mr. Bitcoin Goes to Washington,” we discussed the cryptocurrency industry’s significant political resurgence in the wake of the 2024 election. We not only forecasted a more...more
A rising tide does not necessarily lift all boats when it comes to increasing compliance in the world of crypto asset investments. In fact, the existence of a bull market or a seemingly friendly regulatory environment can...more
Few industries experienced a more drastic reversal of fortune on Election Day than the cryptocurrency sector. On November 4, several of its largest companies were locked in a seemingly interminable battle with the Securities...more
12/11/2024
/ Bank Secrecy Act ,
Bitcoin ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Gary Gensler ,
Legislative Agendas ,
PACs ,
Presidential Appointments ,
Presidential Elections ,
Regulatory Agenda ,
Regulatory Reform ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Technology Sector ,
Trump Administration
In a sequel to FinCEN’s proposal earlier this year to extend anti-money laundering and Bank Secrecy Act regulations to investment advisers (AML/BSA Proposal), on May 13, 2024, FinCEN and the SEC jointly issued a new Notice of...more
5/20/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Broker-Dealer ,
Customer Identification Program (CIP) ,
Financial Institutions ,
Financial Regulatory Reform ,
FinCEN ,
Investment Adviser ,
NPRM ,
Popular ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs)
This session will provide a survey of key issues and trends impacting the fintech and digital assets community as well as the future opportunities and challenges presented for these financial products and services. It will...more
4/22/2024
/ Banking Regulators ,
Banking Sector ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Continuing Legal Education ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Products ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinTech ,
NYDFS ,
Partnerships ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Third-Party Risk ,
Webinars
In its latest attempt, the U.S. Department of Treasury, Financial Crimes Enforcement Network (“FinCEN”), will require certain investment advisers to implement compliance measures to detect and report suspected money...more
In recent guidance, the Financial Industry Regulatory Authority (FINRA) published the results of its targeted examination or “sweep” of crypto assets retail communications distributed or issued by its member firms, finding...more