On May 5, 2023, New York Attorney General Letitia James released a bill for consideration by the New York State Legislature that would implement comprehensive and far-reaching regulation of digital asset activities in the...more
5/17/2023
/ Brokers ,
Crypto Exchanges ,
Digital Assets ,
Digital Platforms ,
Disclosure Requirements ,
Financial Regulatory Agencies ,
Influencers ,
Investment Adviser ,
Listing Standards ,
Market Participants ,
NYDFS ,
Proposed Legislation ,
Proprietary Trading ,
Registration Requirement ,
Regulatory Agenda ,
State Attorneys General
Throughout a tumultuous 2022, the digital currency and blockchain space saw a number of significant investigation, litigation, and enforcement matters as regulators continue their laser focus on the industry. This Year in...more
2/14/2023
/ Bankruptcy Court ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Insider Trading ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Stablecoins ,
Unregistered Securities
In a first of its kind enforcement action, the Commodity Futures Trading Commission (“CFTC”) is attempting to hold participating members of a decentralized autonomous organization (“DAO”) liable for alleged violations of the...more
10/5/2022
/ Anti-Money Laundering ,
CFTC ,
Commodity Exchange Act (CEA) ,
Criminal Liability ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
Futures Commission Merchants (FCMs) ,
Illegal Trading ,
Market Participants ,
Registration Requirement ,
Retail Investors ,
Swap Execution Facilities
On July 21, 2022, the SEC charged three individuals with insider trading of digital assets via a scheme to trade ahead of multiple announcements regarding crypto assets being made available on a United States-based digital...more
7/25/2022
/ Criminal Conspiracy ,
Crypto Exchanges ,
Cryptoassets ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Indictments ,
Material Nonpublic Information ,
Securities ,
Securities and Exchange Commission (SEC) ,
Wire Fraud
On March 10, 2022, the U.S. Department of Labor (“DOL”) issued a Compliance Assistance Release (the “Release”) addressing its views on the availability of cryptocurrencies on 401(k) investment platforms. This guidance comes...more
5/13/2022
/ 401k ,
Benefit Plan Sponsors ,
Bitcoin ,
Cryptocurrency ,
Department of Labor (DOL) ,
Digital Assets ,
Fiduciary ,
Fiduciary Duty ,
Investment Opportunities ,
Plan Participants ,
Retirement Plan ,
Securities ,
Securities Regulation
The U.S. Securities & Exchange Commission (“SEC”) filed a complaint against Ripple Labs, Inc. (“Ripple”) and two of its executives, Brad Garlinghouse and Chris Larsen, on December 22, 2020 in the U.S. District Court for the...more
1/26/2021
/ Blockchain ,
Corporate Executives ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Popular ,
Ripple ,
Section 5 ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Unregistered Securities
On October 8, 2020, the Attorney General’s Cyber Digital Task Force announced the release of a publication entitled Cryptocurrency: An Enforcement Framework (the “Enforcement Framework”). The Enforcement Framework describes...more
10/12/2020
/ Anti-Money Laundering ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Authority ,
Financial Institutions ,
Jurisdiction ,
Money Laundering ,
Securities and Exchange Commission (SEC) ,
Tax Avoidance