Topics

Asset-backed Tokens

Treasury and IRS Issue New Proposed Regulations on Digital Assets UK Court Grapples with Cryptocurrency Preservation and Enforcement Issues Market Trends 2019/20: Blockchain Security Token Offerings (STOs) - Regulations, Risks, Opportunities, and Potential for Riches

Blockchain

California Enacts Digital Assets Licensing Law FinCEN Proposes Rule to Address Money Laundering and Terrorist Financing Risks Associated with CVC Mixing NYDFS Updates Guidance on Virtual Coin-Listing/Delisting Frameworks and the Greenlist

California

California Enacts Digital Assets Licensing Law California State Assembly Introduces Legislation to Establish Digital Financial Assets Law California Governor Issues Executive Order Fostering Use and Regulation of Blockchain and Crypto

Cryptocurrency

NYDFS Updates Guidance on Virtual Coin-Listing/Delisting Frameworks and the Greenlist Treasury and IRS Issue New Proposed Regulations on Digital Assets UK Court Grapples with Cryptocurrency Preservation and Enforcement Issues

DeFi

In Decentralized Finance, DAOs Are People Too SEC’s BlockFi Order Signals Further Scrutiny of DeFi Digital Assets Sector: What to Watch for in 2022

DOAs

Digital Assets Sector: What to Watch for in 2022

Economic sanctions

Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations

European Union

MICA Regulation: The EU Parliament’s Position on ‘Proof-of-Work’ Mechanism

Event

GT's Blockchain & Digital Assets Group Hosts 'The New Bermuda Triangle: Managing Risks in the Digital Age'

FDIC

Federal Reserve, FDIC, and OCC Issue 2nd Joint Statement Highlighting Liquidity Risks to Banks Engaged in Crypto-Asset-Related Activities Federal Reserve, FDIC, and OCC Issue the First Joint Statement on Crypto-Asset Risks to Banking Organizations US Federal Banking Regulators Release Joint Statement on ‘Crypto-Asset Policy Sprint Initiative’

Featured

California Enacts Digital Assets Licensing Law FinCEN Proposes Rule to Address Money Laundering and Terrorist Financing Risks Associated with CVC Mixing NYDFS Updates Guidance on Virtual Coin-Listing/Delisting Frameworks and the Greenlist

Federal Reserve System

Federal Reserve, FDIC, and OCC Issue 2nd Joint Statement Highlighting Liquidity Risks to Banks Engaged in Crypto-Asset-Related Activities Federal Reserve, FDIC, and OCC Issue the First Joint Statement on Crypto-Asset Risks to Banking Organizations Will Cryptocurrency Legislation Gain Momentum in September?

Financial Regulatory & Compliance

California Enacts Digital Assets Licensing Law FinCEN Proposes Rule to Address Money Laundering and Terrorist Financing Risks Associated with CVC Mixing SEC Charges Media and Entertainment Co. for Unregistered Offering of NFTs

Firm News

GT's Blockchain & Digital Assets Group Hosts 'The New Bermuda Triangle: Managing Risks in the Digital Age'Greenberg Traurig’s Barbara A. Jones Named Law360 2020 MVP for Fintech Greenberg Traurig Recognized in Chambers and Partners 2020 FinTech Guide

Florida

Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the State

GT Alert

In Decentralized Finance, DAOs Are People Too NFA Expands its Authority over Cryptocurrencies Proposed UCC Amendments to Article 12 Shed New Light on Transacting and Securing Interests in Digital Assets

Hard Fork Transactions

IRS Clarifies Guidance on Hard Fork Transactions, Offers None on Promotional Airdrops

Initial Exchange Offerings

Gibraltar-Based INX Ltd. Launches SEC-Registered Security Token IPO SEC Issues Investor Alert on Initial Exchange Offerings (IEOs)

IRS

Treasury and IRS Issue New Proposed Regulations on Digital Assets IRS Clarifies Taxation of Staking Crypto Rewards IRS Targets Customers of Cryptocurrency Prime Dealer SFOX in Latest John Doe Summons

New York

NYDFS Updates Guidance on Virtual Coin-Listing/Delisting Frameworks and the Greenlist New York’s Proposed Moratorium on Cryptocurrency Mining Operations NYDFS Becomes First US Financial Regulator to Issue Stablecoin Expectations to Virtual Currency Industry

NFT

SEC Charges Media and Entertainment Co. for Unregistered Offering of NFTs 8 Influencers Charged in $100 Million Securities Fraud Scheme NFT Endorsed by Celebrities Prompts Class Action

Office of the Comptroller of the Currency

Federal Reserve, FDIC, and OCC Issue 2nd Joint Statement Highlighting Liquidity Risks to Banks Engaged in Crypto-Asset-Related Activities Federal Reserve, FDIC, and OCC Issue the First Joint Statement on Crypto-Asset Risks to Banking Organizations US Federal Banking Regulators Release Joint Statement on ‘Crypto-Asset Policy Sprint Initiative’

PWG

President’s Working Group on Financial Markets Releases Report and Recommendations on Stablecoins

Regulatory & Compliance

FinCEN Proposes Rule to Address Money Laundering and Terrorist Financing Risks Associated with CVC Mixing SEC Charges Media and Entertainment Co. for Unregistered Offering of NFTs UK Court Grapples with Cryptocurrency Preservation and Enforcement Issues

SEC Enforcement

SEC Denial of Proposed Bitcoin Exchange-Traded Product Arbitrary and Capricious: DC Circuit SEC Charges Media and Entertainment Co. for Unregistered Offering of NFTs SEC v. Ripple Labs, Inc., et al.: A Turning Point in Cryptocurrency Jurisprudence?

Securities Law

SEC Denial of Proposed Bitcoin Exchange-Traded Product Arbitrary and Capricious: DC Circuit SEC Charges Media and Entertainment Co. for Unregistered Offering of NFTs SEC v. Ripple Labs, Inc., et al.: A Turning Point in Cryptocurrency Jurisprudence?

Stablecoin

Will Cryptocurrency Legislation Gain Momentum in September?Greenberg Traurig contributes UK chapter to Chambers’ Blockchain Guide 2022 NYDFS Becomes First US Financial Regulator to Issue Stablecoin Expectations to Virtual Currency Industry

State and Local

NYDFS Becomes First US Financial Regulator to Issue Stablecoin Expectations to Virtual Currency Industry California State Assembly Introduces Legislation to Establish Digital Financial Assets Law Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the State

Tax

Treasury and IRS Issue New Proposed Regulations on Digital Assets IRS Clarifies Taxation of Staking Crypto Rewards IRS Targets Customers of Cryptocurrency Prime Dealer SFOX in Latest John Doe Summons