News & Analysis as of

Financial Markets Trump Administration

Troutman Pepper Locke

CFTC Launches Crypto Sprint to Implement Digital Asset Market Recommendations

Troutman Pepper Locke on

On August 1, the Commodity Futures Trading Commission (CFTC) announced an initiative aimed at advancing the U.S.’s position in the global cryptocurrency landscape. Acting Chairman Caroline D. Pham revealed the commencement of...more

White & Case LLP

Resilient US High Yield Dealmakers Adjust to Market’s “New Normal”

White & Case LLP on

After a bumpy start to the second quarter, when tariff announcements inhibited issuance, US high yield bond activity rallied strongly, demonstrating the market’s resilience and maturity....more

Jones Day

White House Releases Plan to Build U.S. AI Infrastructure

Jones Day on

On July 23, 2025, the White House released "America's AI Action Plan" (the "Plan"), a comprehensive federal strategy to secure U.S. global leadership in artificial intelligence ("AI"). The Plan is structured around three...more

Foley & Lardner LLP

U.S. FinCEN's Order Targeting CIBanco Will Upend Mexican Fiduciary Market

Foley & Lardner LLP on

In late June 2025, the U.S. Treasury’s FinCEN (Financial Crimes Enforcement Network), under new authorities granted pursuant to the Fentanyl Sanctions Act, the FEND Off Fentanyl Act, and in line with President Trump’s...more

Carlton Fields

SEC Cost-Benefit Analysis: A New Face and a New Role

Carlton Fields on

Under the Trump administration, the Securities and Exchange Commission is in the process of revamping its approach to the cost-benefit analysis it performs in support of its regulatory actions. These changes are being spurred...more

King & Spalding

Stablecoin Legislation Has Left The Stable

King & Spalding on

On July 18, 2025, President Trump signed into law the first major piece of cryptocurrency legislation, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (“GENIUS Act”). The legislation, which creates a...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - July 24, 2025

Lowenstein Sandler LLP on

On July 18, the GENIUS Act (the Act) was signed into law by President Donald Trump. According to a fact sheet released by the White House, the legislation aims to position the United States as a leader in the development of...more

Seyfarth Shaw LLP

So, How Can Participants Invest Their Retirement Money?

Seyfarth Shaw LLP on

Under the current administration, the Department of Labor has once again changed course on its view of permissible investing strategies for retirement plans, warming to crypto and private equity, and confirming their distrust...more

McDermott Will & Schulte

Canaries and coal mines, US insurers and climate change

Canaries are the most familiar of “sentinel species” – animals (and plants) that can alert us to threats to human health and the environment. Those who know their mining history also know that canaries were first used in...more

Jenner & Block

Client Alert: A Survey of How Public Companies are Providing Guidance in Light of Tariffs

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In recent days, the Trump administration has proposed additional tariffs, causing further uncertainty for many public companies. As companies approach their current quarterly guidance, we took a data-driven approach to see...more

Carlton Fields

One Fell Swoop: SEC Erases Ambitious Gensler-Era Rulemaking Agenda

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On June 12, 2025, the Securities and Exchange Commission issued a release announcing that it was withdrawing 14 notices of proposed rulemaking issued between March 2022 and November 2023 and stating that it “does not intend...more

Troutman Pepper Locke

FUNDamentals — June 2025

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FUNDamentals is a periodic digest of news and information specifically for private funds and their managers. In this issue, we highlight some fundraising trends, new marketing rule FAQs, fund liquidity trends (limited...more

Skadden, Arps, Slate, Meagher & Flom LLP

CFTC Issues Guidance on ‘US Persons’ Determinations

On May 21, 2025, the Commodity Futures Trading Commission’s (CFTC’s) Market Participants Division (MPD) and Division of Market Oversight (DMO) jointly issued a staff interpretive letter regarding cross-border definitions and...more

Katten Muchin Rosenman LLP

State Regulators Poised to Increase Enforcement Efforts as Trump Administration Executes Deregulation Agenda

In the first three months of the second Trump administration, federal regulators have signaled a shift in priorities while enforcing federal securities violations and consumer protection laws. In fact, the administration has...more

Cozen O'Connor

Cozen Currents: The Buck Stops Here?

Cozen O'Connor on

“The uncertainty arising out of the Trump administration’s first 100 days shock and awe campaign has led to an unexpected flight from the US dollar despite its traditional role as a safe haven asset. While the dollar’s status...more

Fenwick & West LLP

Risk Factor Considerations for Upcoming Form 10-Q

Fenwick & West LLP on

As companies prepare their Form 10-Q disclosures, it's worth bearing in mind a number of special considerations amid the current economic and political environment....more

Jones Day

SEC Division of Corporation Finance: Certain U.S. Dollar-Backed Stablecoins Are Not Securities

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As the Trump administration and Congress seek to establish clear digital asset regulation, uncertainty remains on whether federal agencies consider stablecoins to be "securities" under federal law....more

BakerHostetler

The Weekly Hill Update - April 2025

BakerHostetler on

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

J.S. Held

Lending Climate in America – 1st Quarter 2025 Survey

J.S. Held on

1. Factors with Strongest Potential to Affect Near-Term Economy Respondents were asked, over the next six months, which two factors had the strongest potential to affect the economy. Even though the 2024 election is in the...more

Carlton Fields

New SEC Management Boldly Charts New Course

Carlton Fields on

A shift in leadership at the Securities and Exchange Commission often brings significant changes in regulatory priorities and enforcement approaches. As anticipated in our firm’s EO Watch alert, “Immediate Practical...more

Orrick, Herrington & Sutcliffe LLP

Fed’s Powell discusses uncertainty in monetary policy amid Trump administration policy changes

On March 7, Fed Chair Jerome H. Powell delivered his prepared remarks at an event regarding the current economic outlook and U.S. monetary policy. Powell highlighted, despite any uncertainty, the U.S. economy was performing...more

WilmerHale

2024 CFTC Year in Review: An Overview of a Transitional Year

WilmerHale on

Coming off a busy 2024, we expect that 2025 will be a landmark year for the Commodity Futures Trading Commission (CFTC or Commission). Rostin Behnam’s resignation as Chairman on January 20 marked the end of the Biden...more

Crunched Credit

What Just Happened?

Crunched Credit on

The political adventure in self-abuse that we call an election is now well behind us. I planned to write this commentary last November, hence the “Just” in the title. My inability to even assay an answer to that question...more

Carlton Fields

Immediate Practical Consequences of SEC-Related EOs

Carlton Fields on

A large number of the executive actions, including executive orders (EOs) and memoranda, that President Trump has been issuing can have important consequences for companies that make filings or have other business with the...more

Jones Day

The Impact of a Second Trump Presidency on SEC Enforcement Priorities

Jones Day on

A new presidential administration is likely to bring change across the federal government, perhaps nowhere more starkly than at the Securities and Exchange Commission ("SEC"), which has greatly expanded its enforcement reach...more

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