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Latest from Overheard on the Block(chain)
Fifth Circuit Rejects OFAC Sanction of Tornado Cash Crypto Code
On Nov. 26, 2024, in what has been deemed a win for open-source technology, the U.S. Court of Appeals for the Fifth Circuit reversed the district court’s ruling in Van Loon v. United States Dep’t of the Treasury, holding that OFAC
New Italian Rules for Virtual Asset Service Providers
With new rules under Regulation (EU) 2023/1114 on Markets in Crypto-Assets (Markets in Crypto-Assets Regulation – MiCA), virtual asset service providers operating in Europe are looking for favorable jurisdictions to establish their EU operations and the opportunity to passport their
New Rules for Crypto-Assets in Europe
On 20 April 2023, the European Parliament adopted Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA). The European Council approved MiCA on 16 May 2023; it was published in the Official Journal of the European Union on 9 June 2023.
Greenberg Traurig Represents Riot in Acquisition of Block Mining
Greenberg Traurig is mentioned in client Riot Platform’s press release announcing their acquisition of Block Mining, a vertically integrated Bitcoin miner. The acquisition expands the company’s geographic footprint and operational capacity.
Click here to read the full press release, “Riot
SEC Approves Ethereum ETFs For Trading
May 23, 2024, the SEC approved the first investment products linked to the price of Ether for listing and trading on three exchanges, following approval of the first Bitcoin ETFs earlier this year. Ether, the cryptocurrency tied to the Ethereum
Hawaii’s Money Transmitters Modernization Act Will No Longer Apply to Cryptocurrency Activities
On Jan. 25, 2024, the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions (DFI) and the Hawaii Technology Development Corporation (collectively, the “Agencies”) jointly issued a press release summarizing their findings on the proper regulatory framework for
Lawmakers Introduce Resolution to Nullify SEC’s Crypto Accounting Bulletin
U.S. Sen. Cynthia Lummis (R-WY) and Reps. Wiley Nickel (D-NC) and Mike Flood (R-NE) are working to overturn a controversial Securities and Exchange Commission (SEC) staff accounting bulletin, SAB 121, that places restrictions on the custody of digital assets
Delay on Reporting Digital Asset Transactions
On Jan. 16, 2024, the U.S. Treasury Department and the Internal Revenue Service (IRS) announced the delay of the requirement for persons engaged in a trade or businesses to report information related to the receipt of digital assets on IRS
5 Trends to Watch: 2024 Blockchain
