On Nov. 23, 2021, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a joint statement summarizing a new “Crypto-Asset Policy Sprint Initiative.”

Continue reading the full GT Alert.

Tags: banking, Banking Regulations, blockchain, cryptocurrencies, digital assets, FDIC, Federal Reserve Systems, GT Insight, Office of the Comptroller of the Currency
Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Photo of Barbara A. Jones Barbara A. Jones

Barbara A. Jones is Co-Managing Shareholder of the firm’s Los Angeles office and a member of the firm’s Global Corporate practice. Barbara serves as Chair of the firm’s interdisciplinary Blockchain & Digital Assets practice. Barbara maintains a diverse corporate and securities law practice

…

Barbara A. Jones is Co-Managing Shareholder of the firm’s Los Angeles office and a member of the firm’s Global Corporate practice. Barbara serves as Chair of the firm’s interdisciplinary Blockchain & Digital Assets practice. Barbara maintains a diverse corporate and securities law practice across industry groups, emphasizing complex international and domestic transactions, including private and public financings, dual listings, mergers and acquisitions, strategic collaborations and joint ventures, and licensing transactions. She serves as a trusted advisor to public and private company boards of directors on governance matters and complex regulatory reporting and compliance issues. Barbara’s clients include financial institutions, private equity and venture capital groups, and public and private companies in emerging technology, life sciences and biotechnology, defense and security, blockchain and digital assets, telecommunications, information technology, energy (traditional and renewable), mining, media, entertainment and sports. Barbara also represents Olympic and professional athletes and sports-related organizations.

Barbara practiced U.S. law in London from 1990 through 1997 with Sullivan & Cromwell, LLP, and headed the international capital markets practice of Kirkland & Ellis LLP from 1999 to 2003 before relocating to Boston. From 1997 to 1999, she served as Vice-President, Assistant General Counsel and Regional Counsel for capital markets with J.P. Morgan Securities Ltd. in Europe, the Middle East and Africa. Since returning to the U.S., she has continued to actively represent public and private companies, private equity groups and investment banks in the European, Scandinavian, African and greater Asian markets, including China.

Barbara is a past chair of the ABA’s Subcommittee on International Securities Matters. She is a frequent speaker at conferences relating to cross-border securities matters, strategic alternatives, and digital asset structures. She serves on the Government of Bermuda’s Global FinTech Advisory Board.

Read more about Barbara A. Jones
Show more Show less
Photo of William E. Turner William E. Turner

Will Turner is an experienced transactional attorney, focusing his practice on corporate transactions, commercial blockchain transactions, and venture capital investments.

Will has counseled clients on:

  • More than 50 company acquisition, sale, and combination transactions
  • More than 30 venture capital investments
  • More than 50
…

Will Turner is an experienced transactional attorney, focusing his practice on corporate transactions, commercial blockchain transactions, and venture capital investments.

Will has counseled clients on:

  • More than 50 company acquisition, sale, and combination transactions
  • More than 30 venture capital investments
  • More than 50 commercial blockchain transactions and product launches

Will possesses deep knowledge of U.S. securities and corporate governance laws and practices as well as corporate transaction and investment standards. He also advises on distribution, technology, sales, and financial services agreements.

Many of Will’s clients seek counsel for “cross-border” transactions that call for understanding multiple jurisdictional requirements. Will represents many non-U.S. clients who seek to engage in acquisitions, investments, or commercial transactions in the U.S. or use U.S. laws as a compliance reference jurisdiction. Will also represents U.S. companies seeking to transact outside of the U.S.

Read more about William E. TurnerWilliam E.'s Linkedin Profile
Show more Show less
Photo of Marina Olman-Pal Marina Olman-Pal

Marina Olman-Pal is a Co-Chair of the firm’s Financial Regulatory & Compliance Practice. She advises foreign and U.S. financial institutions on a broad range of U.S. federal and state regulatory and compliance matters including licensing/chartering, acquisitions, mergers, divestitures, third-party risk management and oversight…

Marina Olman-Pal is a Co-Chair of the firm’s Financial Regulatory & Compliance Practice. She advises foreign and U.S. financial institutions on a broad range of U.S. federal and state regulatory and compliance matters including licensing/chartering, acquisitions, mergers, divestitures, third-party risk management and oversight issues, BaaS and other bank/fintech-related matters, compliance with Bank Secrecy Act (BSA)/anti-money laundering (AML) laws and regulations, GENIUS Act and fair access law matters.

Marina counsels a wide range of companies in the financial services sector including, domestic and foreign banks, money services businesses including money transmitters, cryptocurrency businesses, Fintech companies, digital payment companies, and non-financial services companies considering new payment or digital wallet models. Throughout her career, Marina has represented clients before U.S. regulators such as the Federal Reserve, OCC, FDIC, FinCEN, OFAC, the Florida Office of Financial Regulation and other state supervisory authorities. Marina also regularly develops anti-money laundering programs for a wide range of financial services businesses and non-financial services businesses including, U.S. and foreign companies active in industries such as real estate, hospitality, automotive and artificial intelligence, among many others.

Read more about Marina Olman-Pal
Show more Show less
Photo of Kristin L. O'Carroll Kristin L. O'Carroll

Kristin L. O’Carroll is an experienced litigator who represents clients in an array of complex commercial negotiations and civil disputes across industries. She has represented clients in trials, mediations, settlement conferences, and judicial reference proceedings. Kristin collaborates with clients to develop litigation strategies…

Kristin L. O’Carroll is an experienced litigator who represents clients in an array of complex commercial negotiations and civil disputes across industries. She has represented clients in trials, mediations, settlement conferences, and judicial reference proceedings. Kristin collaborates with clients to develop litigation strategies consistent with business objectives. Kristin has litigated and arbitrated a variety of litigation matters, including disputes involving real property, corporate governance, partnership disputes, and commercial issues.

Read more about Kristin L. O'CarrollKristin L.'s Linkedin Profile
Show more Show less
Related Posts
shutterstock_725383297
Federal Reserve, FDIC, and OCC Issue 2nd Joint Statement Highlighting Liquidity Risks to Banks Engaged in Crypto-Asset-Related Activities
March 13, 2023
shutterstock_616226957
Federal Reserve, FDIC, and OCC Issue the First Joint Statement on Crypto-Asset Risks to Banking Organizations
February 1, 2023
shutterstock_725383297
President’s Working Group on Financial Markets Releases Report and Recommendations on Stablecoins
November 23, 2021