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Cryptoassets Investment Federal Deposit Insurance Corporation

Akin Gump Strauss Hauer & Feld LLP

CryptoLink - June 2024 Updates

CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates the stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more

Proskauer - Blockchain and the Law

Custodia Bank Is, Once Again, Asking for a Federal Reserve Master Account

On December 12, 2022, Custodia Bank (“Custodia”) – a state-chartered, digital asset-focused bank based in Wyoming – was denied its motion for a default judgment in its battle with the Federal Reserve Board of Governors (the...more

Cozen O'Connor

CFPB Secures $19 Million in Repayment from Loan Doctor for Allegedly Masquerading as Commercial Bank

Cozen O'Connor on

The CFPB announced a proposed settlement with My Loan Doctor, LLC and its founder (together, “Loan Doctor”) over allegations that the company advertised a high-yield savings product but instead invested consumers’ funds in...more

Sheppard Mullin Richter & Hampton LLP

Crypto Interest-Bearing Accounts, the next target?

On July 12, the California Department of Financial Protection and Innovation (DFPI) announced that it is investigating multiple crypto companies that offer interest-bearing crypto asset accounts. These accounts allow users to...more

Cadwalader, Wickersham & Taft LLP

FDIC Weighs In on Crypto Activities

Last week, the FDIC issued a Financial Institution Letter (“FIL”) related to crypto activities, following in some ways in the footsteps of the OCC in requiring notice to the regulator before engaging in crypto-related...more

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