Following the recent closures of Silicon Valley Bank, Signature Bank, and Silvergate Bank and Credit Suisse’s takeover by Swiss-based rival UBS, ramifications for blockchain tech and crypto-based assets and deals are...more
3/31/2023
/ Bitcoin ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
Financial Institutions ,
Infrastructure ,
New Regulations ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Technology Sector
While the story of the first ten months of 2022 was surviving crypto winter, there was also some optimism that better times were coming.
There is a newly elected Congress and new leadership, which many had hoped would be...more
The U.S. Securities and Exchange Commission is adding 20 positions to its Crypto Assets and Cyber Unit.
These positions are all enforcement-related. None of the new staff will be charged with carrying out the SEC's...more
5/27/2022
/ 401k ,
Cryptocurrency ,
Cybersecurity ,
Digital Assets ,
Enforcement ,
Executive Orders ,
Fraud ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Stablecoins
On December 18, 2020, the Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking that would require banks and money service businesses (MSBs) “to submit reports, keep records, and verify the...more
On October 19, 2020, The Financial Crimes Enforcement Network (FinCEN) announced its first action against a bitcoin mixer: a $60 million civil penalty against Larry Dean Harmon. Harmon was the founder and operator of Helix...more
A decade into the cryptocurrency revolution, the digital currency’s future is awash with questions from regulation and enforcement to exactly what type of asset they are to the impact of volatility in market values....more