News & Analysis as of August 3, 2025

FinCEN › Proposed Legislation

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The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of money laundering, terrorist financing and other financial crimes by collecting, monitoring, and analyzing financial transaction data. Such data is disseminated to both domestic and international law enforcement agencies. less -

Stablecoins: Navigating the Money Transmitter Minefield & Forthcoming Federal Regulatory Frameworks

Cozen O'Connor on 6/24/2025

As digital assets gain traction across financial markets, stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar—are emerging as a practical medium for capital contributions, settlements, and liquidity...more

The Future of Payments: US Stablecoin Legislation Takes Shape

Morgan Lewis on 6/12/2025

The US Congress is advancing legislation to establish a regulatory framework for stablecoins, with the US Senate’s GENIUS Act of 2025 at the forefront. The bill outlines requirements for permitted issuers, redemption...more

Anti-Money Laundering Aspects of the GENIUS Act

Ballard Spahr LLP on 3/31/2025

On March 13, 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which aims to establish a regulatory framework for payment stablecoins, passed the United States Committee on Banking,...more

The Corporate Transparency Act is Back

Butler Snow LLP on 2/24/2025

On Tuesday, February 18, 2025, a Federal district judge in Texas lifted the nationwide preliminary injunction issued in Smith v. U.S. Dept. of Treasury, which means that the Corporate Transparency Act (“CTA”) and its...more

Corporate Transparency Act Requirements Are Back: March 21, 2025 Deadline Looms

Rothwell, Figg, Ernst & Manbeck, P.C. on 2/21/2025

For the past few months, the beneficial ownership reporting obligations under the Corporate Transparency Act (the “CTA”) have fluctuated between being required pursuant to the CTA and being halted by nationwide preliminary...more

It’s Tricky! Tracking the CTA

Ruder Ware on 2/18/2025

The Corporate Transparency Act (CTA) remains on hold due to a nationwide injunction granted by a federal District Court in Texas in Smith v. U.S. Department of the Treasury. However, given pending legal battles and...more

Congress Narrows in on Stablecoin Legislation: An Analysis of the STABLE and GENIUS Acts

Troutman Pepper Locke on 2/13/2025

The payment stablecoin (PS) legislative endgame is near. There is a clear imperative from the White House to prioritize stablecoin legislation and preserve the U.S. dollar as the world’s reserve currency. Both chambers of...more

Corporate Transparency Act – Potential Action by the Legislature

Bowditch & Dewey on 2/3/2025

On Tuesday, January 28, 2025, while an injunction blocking enforcement of the CTA remains in effect, a bipartisan bill was introduced on the floor of the House of Representatives, HR 9278, titled the “Protect Small Business...more

Beneficial Ownership Reporting May Soon Be Coming To California With A Brobdingnagian Price Tag!

Allen Matkins on 6/5/2024

Beginning January 1, 2024, many companies became subject to the beneficial ownership reporting requirements of the Corporate Transparency Act. The Financial Crimes Enforcement Network (FinCEN) estimated that the total costs...more

CTA Heats Up with New FAQs, Government and Amicus Briefs and New Draft Legislation

Holland & Knight LLP on 4/30/2024

The Corporate Transparency Act (CTA) is the gift that keeps giving. As affected entities and their advisers struggle to determine whether they are subject to the beneficial ownership information (BOI) reporting provisions of...more

MHH Condo/Co-op Digest, Vol. V - March 2024

Moritt Hock & Hamroff LLP on 3/8/2024

This newsletter explores the emerging legal topics and issues affecting the condominium and cooperative services industry. Thought-leading attorneys from Moritt Hock & Hamroff’s Condominium and Cooperative Services Practice...more

FinCEN Proposes New Rule to Subject Advisers to AML Requirements

Seward & Kissel LLP on 3/4/2024

Who may be interested: Investment Advisers; Closed-End Funds; and Directors of Closed-End Funds - Quick Take: The U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a notice of...more

FinCEN Expands CTA FAQs

Ballard Spahr LLP on 11/17/2023

On November 16, the Financial Crimes Enforcement Network (“FinCEN”) issued – again –expanded FAQs pertaining to beneficial ownership information (“BOI”) reportable under the Corporate Transparency Act (“CTA”). These expanded...more

Lenders: The Corporate Transparency Act is Headed Your Way in January 2024

Harris Beach Murtha PLLC on 9/25/2023

The Corporate Transparency Act (CTA), which was passed by Congress in 2021 and is administered by the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury, will become effective on January 1,...more

Bipartisan group of Senators re-introduce Digital Asset Money Laundering Act

Ballard Spahr LLP on 8/14/2023

On July 28th, Senators Elizabeth Warren (D-Mass), Roger Marshall (R-Kan.), Joe Manchin (D-W.Va.) and Lindsey Graham (R-S.C.), reintroduced the Digital Asset Anti-Money Laundering Act (the “Act”), legislation aimed at closing...more

Bipartisan Group of Senators Re-Introduce the Digital Asset Money Laundering Act

Ballard Spahr LLP on 8/11/2023

Legislation Targets Unhosted Wallets, Validators and Digital Asset ATMs - On July 28th, Senators Elizabeth Warren (D-Mass), Roger Marshall (R-Kan.), Joe Manchin (D-W.Va.) and Lindsey Graham (R-S.C.), reintroduced the...more

U.S. Senate and House of Representatives Introduce Competing Crypto Regulation Bills

Proskauer - Blockchain and the Law on 8/8/2023

On July 12, 2023, U.S. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-N.Y.) proposed a revised version of their previously introduced crypto regulation bill to create better safeguards for the crypto industry...more

Take Two: The Lummis-Gillibrand Crypto Assets Bill 2.0

Cadwalader, Wickersham & Taft LLP on 8/2/2023

On July 12, Senator Kirsten Gillibrand, a Democratic senator from New York who sits on the Senate Banking Committee, and Senator Cynthia Lummis, a Republican senator from Wyoming who sits on the Agriculture Committee, joined...more

Blockchain+ Bi-Weekly - July 2023

Polsinelli on 7/28/2023

The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more

Blockchain Regulatory Certainty Act Would Protect Non-Custodial Crypto Services

Latham & Watkins LLP on 3/31/2023

The bipartisan bill would provide a federal safe harbor for non-custodial blockchain service providers from state money transmission and digital asset licensing laws. On March 23, 2023, US House of Representatives...more

Regulators Sharpen Focus on Anti-Money Laundering Expectations for Crypto Industry

Cadwalader, Wickersham & Taft LLP on 1/20/2023

U.S. regulators are signaling heightened expectations for anti-money laundering compliance within the crypto industry. Although FinCEN issued guidance in 2013 interpreting virtual currency “administrators” and “exchanges” as...more

New Bipartisan Bill Takes Aim at Digital Asset Money Laundering and Terrorism Finance

Cadwalader, Wickersham & Taft LLP on 12/20/2022

On December 14, Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) introduced in the U.S. Senate a new bipartisan bill, titled "Digital Asset Anti-Money Laundering Act of 2022" (the “Bill”), intended to curb the...more

Responsible Financial Innovation Act Offers Clarity, Safeguards for Digital Assets - Banking and Payment Stablecoins

Latham & Watkins LLP on 7/8/2022

The RFIA could make it easier for fintechs dealing in digital assets and stablecoins to access Federal Reserve bank services. Latham & Watkins presents a blog series on the Responsible Financial Innovation Act, which was...more

Ransomware Legislation: A Window Into Tomorrow’s Compliance Obligations

Esquire Deposition Solutions, LLC on 2/15/2022

A few weeks ago we wrote about the threat that increasingly sophisticated ransomware criminals posed to law firms, and we suggested several measures that law firm leaders might take to minimize the likelihood that they — and...more

Crypto Regulation by any Other Name

BCLP on 2/4/2022

2022 was billed as the year regulation will descend on the cryptocurrency (“crypto”) and decentralized finance (“DeFi”) spaces. While it seems regulation may indeed be coming, it initially appears to be buried in lengthy...more

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FinCEN › Proposed Legislation

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