Podcast: Private Fund Regulatory Update: Post-U.S. Government Shutdown
Podcast: Keeping Up with Recent Changes and Trends in Private Fund Regulation
On July 9, the Senate Banking Committee held a hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” which focused on bipartisan efforts to establish a federal regulatory framework for digital...more
Momentum continues to build for digital asset policy reform in Washington, with both chambers of Congress taking notable steps to advance legislative efforts. On June 23, the House passed several financial services and...more
On June 24, Senate Banking Committee Chair Tim Scott, R-S.C., along with Sen. Cynthia Lummis, R-Wyo.; Sen. Thom Tillis, R-N.C.; and Sen. Bill Hagerty, R-Tenn., released a set of principles outlining the foundation for a...more
Two significant legislative efforts took center stage this week, offering a clearer view of where Congress may be heading on crypto regulation. A revised version of the GENIUS Act, legislation to establish a federal framework...more
This week, Congress wrapped up its final session of the 118th Congress. Crypto legislation in the next Congress will likely be based on the bills introduced in the prior session, but we might see some significant changes to...more
Congress- U.S. Senate- Committee on Banking, Housing, and Urban Affairs- Hearing: The Semiannual Monetary Policy Report to Congress- June 22, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a...more
The recent defaults by Archegos caused several large broker-dealers to incur significant losses. Archegos represented that it operated as a single-family office, which made it exempt from many provisions of the federal...more
The Senate convenes Monday, Oct. 1 at 3 p.m. The House is in recess until Nov. 13. FLOOR ACTION - Senate - FAA. The chamber will resume consideration of the five-year FAA reauthorization bill (H.R. 302). A procedural...more
Last month, SEC chairman Jay Clayton and CFTC chairman Christopher Giancarlo testified before the Senate Banking Committee on their agencies’ regulatory efforts with respect to cryptoassets and ICOs. The written testimonies...more
The Impact of Regulation on Community Banks: Harvard Study and Senate Banking Committee Hearing Highlight Differing Views. FDIC Director of Risk Management Supervision Doreen Eberley testified last week before the Senate...more
In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - The conflation of three scandals clearly tainted President Obama...more