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Blockchain Takes Over Episode 244 of the Cyberlaw Podcast

By Alan Cohn, Gary Goldsholle, Will Turner, Evan Abrams & Josh Oppenheimer
December 18, 2018
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On December 17th, Alan Cohn hosted the 244th episode of The Cyberlaw Podcast. We took a deep dive into all things blockchain and cryptocurrency discussing recent regulatory developments and projections for 2019.

Our episode begins with Alan welcoming Will Turner, who recently joined Steptoe’s Corporate and Blockchain Practices as partner in the firm’s Chicago office.  Will Turner explains why the crypto market became bear in 2018, associating this development to the increase in mergers & acquisitions activity in the crypto market. Moving into 2019, Will projects the “hot items” will be anti-money laundering and securities compliance. Evan Abrams discusses the joint statement issued by the Federal Reserve, the Federal Deposit Insurance Corporation, the Treasury’s Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the National Credit Union Administration urging use of technology to bolster anti-money laundering compliance. Abrams also highlights the New York Department of Financial Services (NYDFS) recent announcement authorizing Signature Bank, a New York State-chartered bank, to offer a digital payment platform that leverages blockchain technology called Signet. Finally, Josh Oppenheimer covers recent LabCFTC updates from the Commodity Futures Trading Commission. Oppenheimer also discusses the pledge the G20 nations made earlier this month regarding their commitment to regulate crypto-assets to further a resilient and open global financial system.

For the interview portion of our podcast, Alan welcomes back Gary Goldsholle, who joins the firm as partner, after serving nearly four years as deputy director and senior adviser of the Securities and Exchange Commission’s (SEC) Division of Trading and Markets. Goldsholle discusses some of the SEC’s recent activity, including charging two cryptocurrency companies who conducted initial coin offerings in violation of the securities registration rules and settling an order against EtherDelta for operating as an unregistered “exchange.” This activity has significant implications for the industry regarding regulatory oversight and enforcement of cryptocurrency companies.

You can read the full summary and listen to the podcast here.

Photo of Alan Cohn Alan Cohn
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Photo of Gary Goldsholle Gary Goldsholle
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Photo of Will Turner Will Turner
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Photo of Evan Abrams Evan Abrams

Evan Abrams counsels multinational corporations, financial institutions, and individuals on various international regulatory and compliance matters. He assists foreign and domestic companies in navigating national security reviews by the Committee on Foreign Investment in the United States (CFIUS). He has represented companies in…

Evan Abrams counsels multinational corporations, financial institutions, and individuals on various international regulatory and compliance matters. He assists foreign and domestic companies in navigating national security reviews by the Committee on Foreign Investment in the United States (CFIUS). He has represented companies in industries including semiconductors, metals, and digital security. Evan’s anti-money laundering (AML) practice focuses on helping financial institutions comply with federal and state AML rules, particularly money transmitters and entities involved in creating, exchanging, or dealing in cryptocurrencies and tokens. Evan counsels clients in a variety of export controls and sanctions matters related to the Export Administration Regulations (EAR), International Traffic in Arms Regulations (ITAR), and various sanctions programs under US and international law. In addition, Evan routinely assists clients on anti-corruption investigations and enforcement actions.

Read Evan’s full bio.

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Photo of Josh Oppenheimer Josh Oppenheimer
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  • Posted in:
    Technology
  • Blog:
    Blockchain Blog
  • Organization:
    Steptoe & Johnson LLP
  • Article: View Original Source

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