In April 2023, the SEC re-proposed amendments to Exchange Act Rule 3b-16 to expand the definition of what it means to be an exchange. When the SEC initially proposed these amendments in January 2022, there were zero direct...more
10/12/2023
/ Alternative Trading System (ATS) ,
Blockchain ,
Comment Period ,
Compliance ,
Compliance Dates ,
Crypto Exchanges ,
Cryptoassets ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Contract ,
Proposed Amendments ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Regulation
On September 7, 2023, the Commodity Futures Trading Commission (CFTC) announced the settlement of three separate enforcement actions in the decentralized finance (DeFi) space: namely, concerning the Opyn protocol and its...more
9/19/2023
/ Blockchain ,
CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
Decentralized Finance (DeFi) ,
Designated Contract Markets (DCMs) ,
Digital Assets ,
Enforcement Actions ,
Futures Commission Merchants (FCMs) ,
Regulatory Violations ,
Token Sales
The focus on enforcement has done little to clarify regulatory expectations regarding current facts and market practices.
The Securities and Exchange Commission (SEC) has used and continues to use enforcement actions as...more