In early November 2020, the staff of the U.S. Securities and Exchange Commission (“SEC”) Division of Investment Management (“IM Division”), in consultation with the SEC’s “FinHub” staff, issued a statement in response to a No-Action Letter from the Wyoming Division
Digital Currency + Blockchain Perspectives
Digital Currency + Blockchain Perspectives, published by Goodwin Procter, focuses on legal developments and regulatory issues in the digital currency and blockchain sectors. The blog covers enforcement actions, compliance requirements, litigation trends, and regulatory rule changes affecting cryptocurrency exchanges, digital asset commodities, and blockchain technology. It also discusses industry standards and frameworks such as those from the International Swaps and Derivatives Association (ISDA). The content addresses the intersection of financial regulation, anti-money laundering, market conduct, and emerging legal challenges in the evolving digital asset landscape.
Latest from Digital Currency + Blockchain Perspectives - Page 5
BitMEX Founder’s Charges Highlight Risks for DeFi
***This article was originally published in CoinDesk and can be found here – https://www.coindesk.com/bitmex-risks-for-defi
In October, the Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice (DOJ) filed enforcement actions against the entities and individuals that own and…
SEC Chairman Jay Clayton to Depart Agency By Year End
On Monday, November 16, 2020, SEC Chairman Jay Clayton announced his intention to depart from the agency by the end of 2020. News of Clayton’s decision comes as no real surprise, as it is typical for the SEC Chair to…
PayPal Brings Crypto Further into Mainstream with Wallet Update
Please note, this is a summary to the article originally published in Fintech Futures.
- PayPal, which has 346 million customers and accounts for nearly 14% of online payments nationally, has announced that its U.S. customers will be able to
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Villanova University is Sending Blockchain into Space
Please note, this is a summary to the article originally published in Coindesk.
- Villanova’s engineering school is sending a private Ethereum blockchain into space on a Firefly Aerospace rocket (slated to launch November 20th) to test whether distributed ledger
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So You Want to be a Bank?
By Olivia LaBau
Goodwin’s recent webinar explored why a fintech company might consider forming or acquiring a depository institution, detailed how depository institutions and their holding companies are regulated, and addressed considerations relevant for fintechs and their investors when considering potential depository institution…
KPMG Airs Blockchain Solution to Help Corporate Organizations Offset Carbon Emissions
Please note, this is a summary to the article originally published in Coindesk.
- Big Four professional services firm KPMG announced a novel patent-pending blockchain solution intended to help organizations measure, report and offset their greenhouse gas emissions. According to
…
Diginex: The First Crypto and Digital Asset Exchange to Go Public in the U.S.
Please note, the below is a summary based off the article originally published in Forbes.
- Diginex (EQOS), the Singapore-based digital assets group, went public with a Nasdaq listing last week. It is the first digital assets group with a
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FTC Announces $30 Million Settlement with Operator of For-Profit Post-Secondary Schools
On August 27, 2019, the Federal Trade Commission (FTC) announced it had reached a $30 million settlement with an Illinois-based operator of for-profit post-secondary schools and related subsidiaries resolving allegations that the company used lead generators who engaged in deceptive conduct to market its schools…
Department of Justice Announces “Cryptocurrency: An Enforcement Framework”
On October 8, 2020, the Attorney General’s Cyber Digital Task Force announced the release of a publication entitled Cryptocurrency: An Enforcement Framework (the “Enforcement Framework”). The Enforcement Framework describes the DOJ’s three areas of focus for illicit activity involving cryptocurrency: …