News & Analysis as of

Digital Assets Risk Management

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board Summer 2025

In this issue of our newsletter, we explain why activist investors are increasingly pressing “Vote No” campaigns, how they work and what companies can do to prevent them from gaining traction. We also take a deep dive into...more

White & Case LLP

The Evolving Threat of Terrorist Financing: Understanding and Managing Risk

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The Financial Action Task Force ("FATF") has published a new edition of its Comprehensive Update on Terrorist Financing Risks. The 2025 update presents a sobering analysis of current terrorist financing ("TF") threats and...more

Morgan Lewis

US Department of Justice: ‘Well-Intentioned Innovators’ Will Not Be Prosecuted

Morgan Lewis on

Recent statements from the US Department of Justice, the White House, and the Commodity Futures Trading Commission indicate a safer environment for responsible risk-taking in digital assets and derivatives....more

Ballard Spahr LLP

FinCEN’s Focus on Cryptocurrency Kiosks and Financial Crime

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On August 4, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued Notice FIN-2025-NTC1 (the “Notice”) to address mounting concerns over regulatory risks related to convertible virtual currency (“CVC”) kiosks, also...more

Buchalter

As Federal Government Works to Liberalize the Crypto Payment Regulatory Regime, Federal Reserve Eliminates Specialty Supervisory...

Buchalter on

In its Client Alert of August 4, 2025, Buchalter discussed the new Genius Act creating a regulatory regime for stable coin payments, and other steps as the federal government looks to create a more favorable crypto currency...more

Orrick, Herrington & Sutcliffe LLP

Fed’s Bowman discusses blockchain and new technologies in banking

On August 19, the Fed’s Vice Chair for Supervision, Michelle W. Bowman, addressed a blockchain symposium and outlined the Fed’s approach to blockchain technology, the costs of “reputational risk” in bank supervision, and...more

Foley & Lardner LLP

Banking and Digital Assets: Key Takeaways from the President’s Working Group Report

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On July 30, 2025, the President’s Working Group on Digital Asset Markets (PWG) released “Strengthening American Leadership in Digital Financial Technology,” a comprehensive digital asset report (Report) mandated by President...more

Troutman Pepper Locke

The Federal Reserve’s Shift in Supervision Strategy for Novel Activities

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On August 15, the Federal Reserve Board announced a significant shift in its approach to supervising novel activities within banking organizations. The Board decided to sunset its Novel Activities Supervision Program, which...more

Foodman CPAs & Advisors

Cumplimiento CARF y VASP: Cerrando Brechas de Supervisión Cripto en LATAM

La regulación global de las criptomonedas ha pasado de la teoría a la aplicación real. El Marco de Reporte de Criptoactivos (CARF) de la OCDE y los estándares reforzados para Proveedores de Servicios de Activos Virtuales...more

Foodman CPAs & Advisors

CARF & VASP Compliance: Closing Crypto Oversight Gaps in LATAM

Global cryptocurrency regulation has shifted from theory to enforcement. The OECD’s Crypto-Asset Reporting Framework (CARF) and strengthened Virtual Asset Service Provider (VASP) standards are redefining oversight...more

Orrick, Herrington & Sutcliffe LLP

NYDFS announces $48.5M settlement over anti-money laundering deficiencies

NYDFS Superintendent Harris announced a $48.5 million settlement with a virtual currency trust company on August 7, resolving allegations of anti-money laundering program deficiencies and failures in due diligence related to...more

Ballard Spahr LLP

FHFA directs Fannie Mae, Freddie Mac to develop plans to use cryptocurrency as assets without conversion to dollars

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The FHFA has directed Fannie Mae and Freddie Mac to prepare proposals for consideration of cryptocurrency as an asset for reserves in their single-family risk assessments, without a conversion to dollars....more

BakerHostetler

[Podcast] The Data Stream – Episode 1 with Ted Kobus

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The Data Stream podcast dives deep into the fast-moving currents of data, technology, and the law. Presented by BakerHostetler’s Digital Assets and Data Management (DADM) Practice Group and hosted by Partners David Sherman...more

Perkins Coie

FinCEN Addresses Increased Fraud Involving Convertible Virtual Currency Kiosks

Perkins Coie on

Key Takeaways - - The Financial Crimes Enforcement Network’s recently issued notice, which addresses regulations and increased rates of fraud surrounding convertible virtual currency kiosks, carries significant implications...more

Haynes Boone

Financial Services Regulatory Roundup | August 2025

Haynes Boone on

TABLE OF CONTENTS: • President Trump Signs GENIUS Act Into Law • Joint Statement on Crypto Risk Management • Federal Agencies Propose Rescission of the 2023 Community Reinvestment Act Final Rule • FDIC Seeks Input...more

Redgrave LLP

Redgrave Legal 365: The Horse is Out of the Barn with Microsoft 365 Copilot Chat

Redgrave LLP on

Remember when Microsoft 365 Copilot first arrived? Organizations had to commit to a minimum of 300 seats and sign up for a full-year subscription—no exceptions. Today, those requirements are long gone. If desired,...more

K&L Gates LLP

UK Office for Financial Sanctions Implementation Crypto-Assets Threat Assessment (July 2025): Key Lessons for Sanctions Compliance

K&L Gates LLP on

On 21 July 2025, the UK Office for Financial Sanctions Implementation (OFSI) published its latest sector-specific threat assessment focusing on UK crypto-asset firms’ exposure to financial sanctions breaches, covering...more

McGuireWoods LLP

Federal Banking Regulatory Agencies Issue Guidance on Crypto-Asset Safekeeping

McGuireWoods LLP on

The global crypto-asset market cap has increased from approximately $2.3 trillion on election day, November 5, 2024, to approximately $3.9 trillion today, some eight months later. That rise in demand has been accompanied by a...more

BakerHostetler

Weekly Blockchain Blog - July 2025 #3

BakerHostetler on

According to a recent press release, a major U.S. bank has entered into a strategic partnership with the largest U.S. cryptocurrency exchange platform. This collaboration reportedly aims to expand access to secure digital...more

Paul Hastings LLP

Banking Regulators Clarify Crypto Custody Expectations, Congress Advances Landmark Digital Asset Legislation and Senate Releases...

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In a pivotal week for digital asset policy, federal banking regulators issued long-awaited guidance outlining risk-management expectations for crypto-asset safekeeping activities. The OCC, Federal Reserve and FDIC released a...more

DLA Piper

Stablecoins and the Genius Act: What You Need to Know

DLA Piper on

On July 17, 2025, the US Congress passed the Guiding and Establishing National Innovation for US Stablecoins Act (Genius Act or Act) by 308–122 vote, a landmark piece of legislation establishing the first federal regulatory...more

Mayer Brown

Hong Kong’s Stablecoin Bill: Key Amendments and Next Steps Following Legislative Passage

Mayer Brown on

On 21 May 2025, the Hong Kong Legislative Council passed the much-anticipated Stablecoins Bill (“Bill”), now citable as the Stablecoins Ordinance (“Ordinance”), marking a significant milestone in the city’s ambition to become...more

Walkers

Balancing innovation and compliance in digital assets

Walkers on

Establish a compliance framework to innovate confidently and avoid regulatory missteps. Use testing licenses and sandbox environments to trial new products under regulatory supervision....more

Morrison & Foerster LLP

Crypto-Asset Safekeeping: What’s Involved If You’re a Bank (or if You Want to Be One)

On July 14, 2025, the federal banking agencies issued a joint statement to clarify regulatory expectations for banking organizations that provide or are considering providing safekeeping for crypto-assets (“Joint Statement”)....more

Cadwalader, Wickersham & Taft LLP

Global Moves, Digital Shifts, July 2025 - Federal Banking Regulators on Crypto-Asset Safekeeping

Just days prior to the passage of the GENIUS Act on stablecoins by Congress, on July 14th, the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively, the...more

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