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Federal regulatory agencies are closely monitoring crypto-asset developments and banking organizations’ participation in the crypto-asset industry. This GT Alert covers the guidance issued by the FDIC, CFPB, and the Federal…
Continue Reading Regulatory Scrutiny on the Rise of Bank and Crypto Company Dealings

On June 30, 2022, the U.S. Department of Justice (DOJ) announced criminal charges against six defendants in four separate criminal cases involving alleged fraud in the offering of cryptocurrency investment…
Continue Reading DOJ Signals Concerted Effort to Prosecute Alleged Cryptocurrency Fraud

On June 2, 2022, Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (the Regulation) was published in the Official Journal of the European…
Continue Reading EU Adopts Pilot Regime for Market Infrastructures Based on Blockchain and Other DLTs

On June 7, 2022, U.S. Sens. Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the Lummis-Gillibrand Responsible Financial Innovation Act (RFIA), a bill that would create the first comprehensive regulatory…
Continue Reading The Responsible Financial Innovation Act: A Comprehensive Proposal to Regulate Digital Assets

On May 4, 2022, California Gov. Gavin Newsom signed Executive Order N-9-22 (EO) to create a regulatory approach for cryptocurrency companies and to determine how to use blockchain technology for…
Continue Reading California Governor Issues Executive Order Fostering Use and Regulation of Blockchain and Crypto

At a speech to the University of Pennsylvania Law School’s Capital Markets Association on April 4, 2022, SEC Chair Gary Gensler took the opportunity to again promote his strong desire…
Continue Reading SEC Chair Continues Push to Regulate Digital Asset Markets