Week in Review

  • Federal Jury says crypto-mining products are not securities
  • Biden Working Group recommends regulating Stablecoin issuers like banks
  • Historic Bitcoin trial over self-proclaimed “Satoshi” kicks off
  • Mayors taking their paychecks in bitcoin
  • Ant Group, Tencent, JD.com sign NFT Self-Regulation Convention
  • South Africa bans pension funds from investing in crypto
  • Australian Bank goes all-in on crypto
  • Kazakhstan limits crypto investments for retail traders

Continue Reading Blockchain Week In Review: Week Of November 5, 2021

Weekly Blockchain Focus

  • U.S. House Financial Services Committee Hearing
  • New Jersey Attorney General Gurbir Grewal to join SEC as head of enforcement
  • FBI Bolstering Tactics Against Illicit Cryptocurrency Transactions and Cybercrimes
  • TP ICAP To Launch Cryptoasset Trading Platform
  • Proposed Regulatory Framework – Cryptoassets in South Africa

Continue Reading Blockchain Week in Review: Week of July 2, 2021

U.S. Developments

Regulation

Upcoming Bitcoin exchange-traded funds (“ETF”) Decisions

On January 4, 2018, NYSE Arca filed a proposed rule change to list 9 Bitcoin ETFs. Subsequently, the time for the Security Exchange Commission (“SEC”) to approve or disapprove was pushed back in March, April, July, and September. On August 22, 2018, the SEC disapproved the listings and the rule change. The following day, the SEC notified NYSE that it would be reviewing the ETFs pursuant to Rule 431 and staying the August 22 order. The ETF applications came from ProShares, Direxion, and GraniteShares.Continue Reading Blockchain Week in Review: Week of November 5-9, 2018

U.S. Developments

Regulatory Updates

SEC and CFTC Announce New Cooperation Agreement

On June 28, the Commodity Futures Trading Commission and the Securities and Exchange Commission announced a new Memorandum of Understanding meant to allow two agencies to further coordinate in areas of common interest.

Under the MOU, the two agencies agreed to identify areas of

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of publicly-reported news that may be of particular interest.

U.S. Developments

South Carolina Legislature Proposes Bill to Enact Anti-Money Laundering Act

South Carolina Representative Alan Clemmons introduced a bill proposing state regulation of money transmission services business.  Titled the “South Carolina Anti-Money Laundering Act,” the proposed act is based on the Uniform Money Services Act.  Under the proposed bill, virtual currencies are included in the definition of money transmission, requiring state licensure.  Presently, South Carolina does not regulate money transmission services businesses.
Continue Reading Blockchain Week in Review – January 15, 2016

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of publicly-reported news that may be of particular interest.

U.S. Developments

Vermont. Early this month, Vermont’s governor formally

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of publicly-reported news that may be of particular interest.

Domestic Developments

New York.  On June 24th, New York

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of publicly-reported news that may be of particular interest.

U.S. Developments

New Jersey. Lawmakers in New Jersey recently