On September 17, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission’s (CFTC) Market Participants Division each announced relief for onchain trading: the SEC an Innovation Exemption for tokenized stock, and CFTC staff a no-action position
Welcome to the first issue of the Digital Assets + Blockchain Newsletter. In this newsletter, we’ll track the regulatory, legislative, and enforcement developments reshaping the crypto and digital assets landscape — from the GENIUS Act’s stablecoin framework to the SEC’s
On September 24, the Federal Reserve Board (FRB) requested public comment on two proposed rules that, together, establish how the FRB will regulate payment stablecoin issuance under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The
Key Points
On September 17, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking that would amend the agency’s regulations to promote parity between out-of-state state banks and national banks with respect to the application of
On September 15, the Senate failed to advance the Digital Market Clarity Act (CLARITY Act), a comprehensive cryptocurrency regulatory framework bill backed by President Trump and the digital asset industry. The bill would have split oversight for cryptocurrency between the
On September 11, the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) issued a joint statement addressing how they will
The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) yesterday jointly issued an interim final rule that doubles the asset threshold for qualifying small insured depository institutions (IDIs) to
ATLANTA – Troutman Pepper Locke advised Georgia Banking Company, Inc. (GBC), parent company of Georgia Banking Company, in the completion of a $55.0 million private placement of 6.75% Fixed-to-Floating Rate Subordinated Notes due September 1, 2036. The Notes have been
James Stevens, partner and co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in a recent article by Emily McCormick, “When the Holding Company Isn’t a Source of Strength.” The article examines the tensions that can arise between
