On Aug. 7, the U.S. District Court for the Southern District of New York issued its judgment in U.S. Securities and Exchange Commission v. Ripple Labs, Inc., marking the end of district court- level proceedings in the highly...more
8/12/2024
/ Civil Monetary Penalty ,
Corporate Counsel ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Pending Litigation ,
Permanent Injunctions ,
Popular ,
Ripple ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Summary Judgment ,
Unregistered Securities
Crypto and Web3 Firms Announce Fintech Integrations -
A major U.S. fintech firm recently announced a product integration with MoonPay, a Web3 infrastructure company, “that allows MoonPay users in the U.S. to seamlessly buy...more
5/13/2024
/ Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Broker-Dealer ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Government Investigations ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Startups ,
Tax Authority ,
Trading Platforms ,
Venture Capital ,
Wells Notice
Stablecoin, Wallet Products Launch; German Bank Launches Crypto Services -
Circle, a global fintech firm and issuer of the USDC stablecoin, has announced new smart contract functionality to allow holders of BUIDL, a...more
4/22/2024
/ Australia ,
Bitcoin Mining ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Criminal Convictions ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
Financial Instruments ,
FinTech ,
Germany ,
Hackers ,
Indictments ,
Investors ,
Phishing Scams ,
Proposed Legislation ,
Scams ,
Stablecoins
AI Protocols Merge, VC Crypto Funding Increases, Tether Completes SOC 2 Audit -
According to a recent press release, “SingularityNET (SNET), the world’s first decentralized Artificial Intelligence (AI) network, Fetch.ai, a...more
4/8/2024
/ Artificial Intelligence ,
Big Tech ,
Blockchain ,
Bureau of Industry and Security (BIS) ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
ETFs ,
Ether ,
Ethereum ,
Monetary Authority of Singapore ,
Popular ,
Securities and Exchange Commission (SEC) ,
Singapore ,
Token Sales ,
Venture Capital
Hyperledger Announces Financial Group, Exchange Adds Custody Service -
According to a recent press release, Hyperledger Foundation, a global ecosystem for enterprise-grade blockchain technologies, has announced that two...more
3/25/2024
/ Bitcoin ,
Bitcoin Mining ,
Blockchain ,
Bureau of Industry and Security (BIS) ,
Collateral ,
Cryptoassets ,
Decentralized Finance (DeFi) ,
Enforcement Actions ,
Ethereum ,
Leveraged Finance ,
Securities and Exchange Commission (SEC)
Financial Firms Complete Blockchain Pilot, UK Approves Crypto ETNs -
A recent press release announced completion of the Canton Network pilot, “a first-of-its-kind program demonstrating the interoperability of twenty-two...more
3/18/2024
/ Bitcoin ,
Blockchain ,
Capital Markets ,
Copyright ,
Criminal Prosecution ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
Distributed Ledger Technology (DLT) ,
Ethereum ,
Exchange-Traded Products ,
FBI ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Nonprofits ,
Popular ,
Scams ,
USPTO
U.S. Companies Announce Crypto Cashback and NFT Ticketing Initiatives -
According to recent reports, a major U.S. credit card company has partnered with Swoo, a mobile wallet blending traditional and crypto payments, to...more
2/26/2024
/ Bitcoin ,
Bitcoin Mining ,
Credit Cards ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Wallets ,
FBI ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Money Laundering ,
National Crime Agency (NCA) ,
Non-Fungible Tokens (NFTs) ,
Office of Foreign Assets Control (OFAC) ,
Ransomware ,
SDN List
New Crypto Indices Launch; Crypto Firms Announce Product Integrations -
According to a recent press release, SIX, a major Swiss stock exchange and global financial information provider, has launched new SIX Reference Rate...more
2/12/2024
/ Advertising ,
Bitcoin ,
Bitcoin Mining ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Energy Information Association (EIA) ,
Enforcement Actions ,
ETFs ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Ransomware ,
SDN List
USDC Report Published, Crypto Firms Announce USDC Integrations -
Circle, the U.S. fintech company that manages the stablecoin USDC, recently released the “State of the USDC Economy” report, highlighting the “efforts to...more
1/22/2024
/ BitLicense ,
BSA/AML ,
CCIP ,
Civil Monetary Penalty ,
Compliance ,
Cryptocurrency ,
Enforcement Actions ,
EU ,
European Banking Authority (EBA) ,
FinTech ,
Information Reports ,
IRS ,
New Guidance ,
Office of Foreign Assets Control (OFAC)
Crypto Exchange Receives CFTC License; Ratings Agency Scores Stablecoins -
A recent press release announced that Bitnomial, “a US-regulated digital asset derivates exchange,” has been granted “a US clearinghouse license to...more
1/8/2024
/ CFTC ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
GAO ,
Hackers ,
INTERPOL ,
IOSCO ,
Non-Fungible Tokens (NFTs) ,
Rating Agencies ,
Scams ,
Securities and Exchange Commission (SEC) ,
Stablecoins
Crypto Initiatives Focus on Latin America; New Tether Policy Aligns with OFAC -
According to a press release, earlier this month Circle Internet Financial announced a partnership with Nubank, one of Latin America’s largest...more
Major Banks and Technology Firms Launch Stablecoin and Custody Products -
According to recent reports, a major European bank has launched its own stablecoin, “becoming the first big bank to offer digital tokens tracking...more
12/11/2023
/ Blockchain ,
Cryptocurrency ,
Cybersecurity ,
Department of Justice (DOJ) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Financial Services Industry ,
FinTech ,
Popular ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Token Sales
Crypto Custody Providers Launch Institutional Focused Offerings -
According to a recent press release by BitGo, a major U.S. cryptocurrency custody provider, BitGo’s GoNetwork and Copper’s ClearLoop have entered into a...more
11/13/2023
/ Banks ,
Bureau of Industry and Security (BIS) ,
Cryptoassets ,
Cryptocurrency ,
Debit Cards ,
Digital Assets ,
Digital Wallets ,
Distributed Ledger Technology (DLT) ,
EU ,
European Banking Authority (EBA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Popular ,
Stablecoins
Banks Complete Stablecoin Pilot, Crypto Indices and Web3 Solutions Launch -
According to recent reports, a major German bank and an affiliate of a major British bank have completed a pilot in which stablecoin swaps were...more
10/30/2023
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
EU ,
European Central Bank ,
FinCEN ,
Hackers ,
Popular ,
Proposed Rules ,
Stablecoins
District Court Upholds Tornado Cash Sanctions, DOJ Charges Founders -
On August 17, a Texas federal court found that Tornado Cash, a crypto mixer (which obscures the source of crypto transactions) is an entity that can be...more
8/28/2023
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Conspiracies ,
Criminal Conspiracy ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
E-Commerce ,
Enforcement Actions ,
ETFs ,
Hackers ,
Indictments ,
IRS ,
Monetary Authority of Singapore ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Proposed Regulation ,
Singapore ,
Stablecoins ,
U.S. Treasury
US Exchange Approved for Crypto Futures; Wallet Integrates with Fintech Firm -
A major U.S. cryptocurrency exchange recently announced that it has secured regulatory approval from the National Futures Association (NFA) to...more
8/21/2023
/ CFTC ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
FBI ,
FinTech ,
Fraud ,
Hackers ,
Scams ,
Securities and Exchange Commission (SEC)
U.S. Fintech Firm Launches Stablecoin; Circle Launches ‘Programmable Wallets’ -
A major U.S. fintech and payments firm recently announced the launch of a U.S. dollar-denominated stablecoin, PYUSD. According to a press...more
8/14/2023
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Token Sales
On July 13, 2023, the U.S. District Court for the Southern District of New York issued its highly anticipated summary judgment decision in the U.S. Securities and Exchange Commission’s (SEC) action against Ripple Labs, Inc....more
Crypto Firms Expand Offerings in Stablecoins, Private Key Management -
The issuer of the Pax Dollar (USDP) stablecoin recently announced that USDP is now available to all Mexican customers of a major Latin American online...more
7/5/2023
/ Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
FATF ,
Fraud ,
Israel ,
Popular ,
Receivership ,
Stablecoins ,
Virtual Goods
New Products Launch for Crypto Futures, Wallets, Stablecoins and Settlement -
According to a recent press release, a leading global options exchange has received the necessary approval from the U.S. Commodity Futures...more
6/12/2023
/ Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
Fraud ,
Hackers ,
Non-Fungible Tokens (NFTs) ,
Proposed Legislation ,
Securities and Exchange Commission (SEC) ,
Stablecoins
On May 3, 2023, a jury found Nathaniel Chastain, a former manager of OpenSea (a major NFT marketplace), guilty of wire fraud and money laundering in connection with his attempts to conceal his use of confidential business...more
5/25/2023
/ Commodities ,
Confidential Information ,
Corporate Counsel ,
Criminal Convictions ,
Criminal Prosecution ,
Digital Assets ,
Fraud ,
Insider Trading ,
Jury Verdicts ,
Material Nonpublic Information ,
Misappropriation ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Securities ,
Wire Act ,
Wire Fraud
Product Integrations and Data Indicate Increased Interest in DeFi -
MetaMask, a web3 Ethereum Network cryptocurrency wallet, recently announced a new integration with a major U.S. payments and fintech firm....more
5/22/2023
/ Blockchain ,
Bureau of Industry and Security (BIS) ,
Central Bank Digital Currency (CBDCs) ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Ethereum ,
FATF ,
FinTech ,
Fraud ,
IRS ,
Popular ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Ukraine
ETH Staking Data Published, USDC Cross-Chain Transfer Protocol Launches -
New data reflects that the recent amount of staking withdrawals on Ethereum has been balanced by a roughly equal amount of deposits. According to...more
5/1/2023
/ Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Ethereum ,
IRS ,
Market Manipulation ,
Money Laundering ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
SDN List
European Bank Launches Stablecoin; Financial Firms Expand Crypto Products -
A subsidiary of a major European financial services firm recently launched EUR CoinVertible (EURCV), an Ethereum ERC20 stablecoin backed 1:1 by...more
4/24/2023
/ Bitcoin ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
Ethereum ,
Hackers ,
Popular ,
SDN List ,
Stablecoins
Background and Scope -
The Assessment was drafted by Treasury’s Office of Terrorist Financing and Financial Crimes (“TFFC”), in consultation with multiple U.S. agencies, including the Departments of Homeland Security,...more