The U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) and Office of Foreign Assets Control (“OFAC”) settled enforcement actions with Washington state-based Bittrex. In the two settlements, Bittrex...more
This summer was a busy one for cryptocurrency regulators, with aggressive actions potentially signaling an increase in consumer protection compliance activity.
In August alone, the New York Department of Financial Services...more
10/4/2022
/ Coinbase ,
Compliance ,
Criminal Prosecution ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Institutions ,
Fines ,
Fraud ,
Howey ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Ponzi Scheme ,
Popular ,
Pyramid Schemes ,
Securities and Exchange Commission (SEC) ,
Settlement
California Governor Gavin Newsom vetoed the Digital Financial Assets Law requiring companies offering services that involve investing, lending, or trading cryptocurrencies to register with the state’s Department of Financial...more
California is one step closer to joining New York in requiring cryptocurrency licenses.
Governor Gavin Newsom has until September 30 to sign or veto the Digital Financial Assets Law, which would go into effect in 2025. The...more
If your staff member wants his or her paycheck in cryptocurrency, should you – as an employer keeping up with the times — accommodate the request?
You don’t have to work in Silicon Valley or play for the NFL to field this...more
7/29/2022
/ Bitcoin ,
Blockchain ,
CFTC ,
Compensation ,
Cryptocurrency ,
Department of Labor (DOL) ,
Digital Assets ,
Estate Planning ,
Ethereum ,
Fair Labor Standards Act (FLSA) ,
New York ,
Payment Systems ,
Popular ,
Securities and Exchange Commission (SEC) ,
Wages
Three individuals are facing criminal and civil charges in the first-ever cryptocurrency insider trading scheme. In its July 21, 2022 announcement, the U.S. Attorney for the Southern District of New York (“SDNY”) alleges that...more
7/29/2022
/ Biden Administration ,
Bitcoin ,
Coinbase ,
Cryptocurrency ,
Enforcement ,
Ethereum ,
Executive Orders ,
Fair Market Value ,
Insider Trading ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
On Wednesday, President Biden finally issued a long-awaited Executive Order (the “Order”) directing the government’s regulatory agencies to examine the risks and benefits of cryptocurrencies. Many of our clients have been on...more
3/14/2022
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
FinCEN ,
Joe Biden ,
National Security ,
Securities and Exchange Commission (SEC) ,
Startups ,
U.S. Commerce Department