Counsel Sarah Shtylman will be a part of the The Block Presents: DeFi and The Law – A round table discussion with crypto’s leading lawyers Link to register: https://app.livestorm.co/the-block/the-block-presents-defi-and-the-law-a-round-table-discussion-with-cryptos-leading-lawyers…

10/13 – 9:00 am Pacific/12:00 pm Eastern Live stream panel titled Can Privacy-Preserving Cryptocurrencies and Regulation Co-exist? Join Electric Coin Co and a panel of experts to learn more about the compatibility of privacy, cryptocurrencies and existing regulation. Panelists: Yusuf Hussain, Head of Risk, Gemini Dana Syracuse, Partner, Perkins Coie Jack Gavigan, Regulatory Relations, ECC The panel will be moderated by Maria Filipakis, managing partner of Topside LLC and former Executive Deputy Superintendent of…

Weekly Focus CFTC and DOJ Actions Involving BitMEX SEC Settlement with Salt Lending CFTC Action Against PaxForex Summary Judgment Granted in SEC Action Against Kik FinCEN and OFAC Issue Advisories on Ransomware FinCEN Director Blanco Speech at ACAMS AML Conference French Authorities Investigate Use of Virtual Currency to Fund Terrorism…

Part of Future Industry Association’s (FIA) L&C Division Webinar Series Join the FIA Law & Compliance Division on 22 October for a webinar regarding virtual currency transactions. The CFTC recently finalized its interpretive guidance on what qualifies as “actual delivery” of virtual currency for purposes of the Commodity Exchange Act’s retail commodity transaction definition. In this webinar, we will: 1) consider what types of arrangements result in actual delivery consistent with the guidance; and 2)…

The staff (“Staff”) of the Division of Trading and Markets of the U.S. Securities and Exchange Commission (SEC) issued a no-action letter (NAL) at the request of the Financial Industry Regulatory Authority (FINRA) on September 25, 2020, which built upon a joint statement (“Joint Statement”) issued by the staffs of the SEC and FINRA in 2019 (please see our prior client update for additional discussion of this 2019 guidance). As part…

Weekly Focus S. Department of Homeland Security Issues Challenge for Development of Trusted User Interface for Digital Wallets Kraken Announces Approval From Wyoming Division of Banking for a Special Purpose Depository Institution Charter CFTC Provides Temporary No-Action Relief to Tassat From SEF Reinstatement Requirements FinCEN Seeks Public Comments on AML Program Requirements CSBS Announces “One Company, One Exam” for Licensed Payment Firms CFTC Files Complaint in Alleged Fraudulent Digital Asset Scheme SEC Brings Charges against…

Weekly Focus CFTC approves LedgerX to clear fully-collateralized futures and options. Square launches the Cryptocurrency Open Patent Alliance to spur cryptocurrency adoption and protect against trolls. Mastercard launches testing platform for central bank digital currencies. California’s Consumer Financial Regulator to get a new name and new powers. Blockpit and CryptoTax complete merger.…