General Developments/Background

We wanted to share this great podcast series that features our Investment Management Group – several episodes, if not all, might be of interest to you!

Please see the list of episodes below:

02.23.2021 – Institutional Investment in Crypto Derivatives: Bitcoin Futures and Similar Products – Episode 4

Todd Zerega and Andrew Cross discuss the

Weekly Focus:

  • Tesla buys $1.5 billion in Bitcoin
  • BNY Mellon launches crypto custody unit
  • OCC welcomes new crypto company
  • Iowa introduces smart contracts bill
  • Rhode Island introduces blockchain act
  • BitMEX publishes data storage framework for FATF ‘Travel Rule’
  • Bank of Korea says CBDCs are fiat currency
  • Central Bank of Nigeria issues prohibition on crypto trading


Continue Reading Blockchain Week in Review: Week of February 12, 2021

Weekly Focus:

  • US Senate Confirms Janet Yellen as Secretary of the Treasury
  • FinCEN Extends Comment Period for Rulemaking on Cryptocurrency Transaction Requirements
  • Hawaii’s Digital Currency Innovation Lab Reopens for Applications
  • Philippines Central Bank Issues Anti-Money Laundering Guidelines for Cryptocurrency
  • Bank of International Settlements Publishes Survey on Central Bank Digital Currency
  • Coinbase Announces More Details Related to Its Proposed Public Offering
  • Valkyrie Investments Files Application for Bitcoin ETF


Continue Reading Blockchain Week in Review: Week of January 29, 2021

On January 20, 2021, an American Bar Association (ABA) Derivatives and Futures Law Committee sub-committee recently released an update to its “Digital and Digitized Assets: Federal and State Jurisdictional Issues” white paper, which features Perkins Coie attorneys Anna Smith-Sandy and Ernest Simons as contributors. The white paper was initially created by members of

Perkins Coie LLP is pleased to bring you this updated Digital Asset SEC Timeline.

The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets. Beginning with the release of the DAO Investigative Report in

Weekly Focus:

  • CFTC Releases Digital Asset Primer
  • Coinbase Submits Form S-1 to the Securities and Exchange Commission
  • CME Announces Ethereum Futures Product Launch in February 2021
  • Paxos Conducts $142 Million Series C Raise
  • FinCEN Issues Notice of Proposed Rulemaking with New Recordkeeping and Reporting Requirements for Digital Asset Transactions
  • Figure Applies for OCC Charter
  • Compound Releases Whitepaper Describing Product to Add Interoperability Between Chains
  • Germany Legalizes Electronic Securities on the Blockchain


Continue Reading Blockchain Week in Review: Week of December 18, 2020

The Commodity Futures Trading Commission (CFTC) recently released a Digital Assets Primer that provides updated information to the public about emerging concepts in digital assets. The primer is part of a series issued by the CFTC’s innovation office, LabCFTC, and is the second to delve into issues surrounding digital assets.

The Digital Assets Primer is

Weekly Focus:

  • Members of Congress Request SEC Clarity On Digital Securities Custody
  • Digital Asset ‘Stacks’ Plans 2.0 Launch as Non-Security
  • Secretary Mnuchin Emphasizes G7 Coordination on Digital Currencies
  • CFTC and SEC Leaders to Step Down
  • DOJ Indicts ICO Promoter for Tax Fraud, SEC Files Civil Suit
  • France Strengthens Anti-Money Laundering (AML) Requirements for Digital Asset Companies
  • Thailand Plans to Incorporate Blockchain into Tax Revenue Collection Systems


Continue Reading Blockchain Week in Review: Week of December 11, 2020

Weekly Focus:

  • Congress Members Introduce Stablecoin Legislation
  • FINRA Grants Securitize Green Light for Broker-Dealer/ATS Acquisition
  • SEC Establishes Transition of FinHub to Separate Office
  • SIFMA, PwC Publish White Paper on Interplay Between Digital Assets and the Securities Markets
  • Bitcoin Development Fund Launches Using Open-Source Funding Model
  • Ethereum 2.0 Milestone Reached
  • S&P Dow Jones Indices Announces Plan to Launch Cryptocurrency Indexes in 2021
  • China-Based Bank Halts Planned Digital Bond Sale Shortly Before Launch
  • Ukraine Crypto-Specific Bill Progresses Through Parliament
  • German Private Bank Announces Cryptocurrency Fund Launch


Continue Reading Blockchain Week in Review: Week of December 4, 2020

Weekly Focus:

  • Jay Clayton to step down as Chairman of the Securities and Exchange Commission
  • Brian Brooks nominated to five-year term as Comptroller of Currency
  • Origin Protocol attacked, resulting in estimated loss of $7 million
  • SEC issues no-action letter for IMVU
  • Mitsubishi UFJ Financial Group plans launch of blockchain payments network in 2021
  • Texas State Securities Board files emergency cease-and-desist orders against ten digital asset investment platforms


Continue Reading Blockchain Week in Review: Week of November 20, 2020