On May 30, 2024, the New York State Department of Financial Services ("NYSDFS" or the "Department") issued guidance to all virtual currency businesses licensed or chartered with the Department ("VCEs"), including those...more
On October 13, 2023, California enacted two bills that significantly expand the regulation of virtual currency-related activities in California:
Assembly Bill 39 (AB 39), known as the California Digital Financial Assets...more
11/15/2023
/ Banks ,
California ,
CFTC ,
Credit Unions ,
Digital Assets ,
Enforcement ,
European Anti-Fraud Office (OLAF) ,
Liquidity ,
New Legislation ,
Private Trust Companies ,
Software ,
Stablecoins ,
Virtual Currency
With crypto winter settling in and likely consolidation of the market participants, unique and unprecedented opportunities arise to pair buyers with sellers....more
Recent turbulence in the crypto asset market and comments by certain regulators raise the critical question of what happens to crypto assets held by a crypto custodian if the custodian becomes insolvent. Custodians include...more
On June 7, 2022, Senator Kirsten Gillibrand (D-NY) and Senator Cynthia Lummis (R-WY) introduced the Responsible Financial Innovation Act (RFIA), a highly anticipated legislative proposal that, if enacted by Congress and...more