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Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Introduces Bill To Clarify the Legal Status of Digital Assets

On 11 September 2024, the UK government introduced the Property (Digital Assets etc) Bill, which provides that digital assets can be considered to be personal property under the laws of England and Wales, and could therefore...more

A&O Shearman

House passes Financial Innovation and Technology for the 21st Century Act

A&O Shearman on

On May 22, 2024, the U.S. House of Representatives (the “House”) passed the Financial Innovation and Technology for the 21st Century Act (“FIT21” or the “Bill”) with bipartisan support by a vote of 279-136. FIT21 provides for...more

Sullivan & Worcester

Electronic Trade Documents and Digital Assets: Making the Law Work on the International and Virtual Stage

Sullivan & Worcester on

The Law Commission for England and Wales recently published “Digital assets and ETDs in private international law: which court, which law? Call for evidence” ("Call for Evidence"). At the same time, it also published a short...more

Polsinelli

Blockchain+ Bi-Weekly - October 2023

Polsinelli on

The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more

Cadwalader, Wickersham & Taft LLP

Take Two: The Lummis-Gillibrand Crypto Assets Bill 2.0

On July 12, Senator Kirsten Gillibrand, a Democratic senator from New York who sits on the Senate Banking Committee, and Senator Cynthia Lummis, a Republican senator from Wyoming who sits on the Agriculture Committee, joined...more

Polsinelli

Blockchain+ Bi-Weekly - July 2023

Polsinelli on

The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more

White & Case LLP

Kazakhstan Law News Digest for April – June 2023

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Legislative News - Subsoil Use - The Ministry of Energy has amended the Rules for monitoring subsoil users' compliance with the terms and conditions of subsoil use contracts regarding the annual scheduled / unscheduled...more

Polsinelli

Proposed Digital Asset Market Structure Bill Could Give Regulatory Clarity; But is it the Regulatory Clarity the Industry Wants?

Polsinelli on

The Digital Asset Market Structure “(DAMS”) discussion draft bill attempts to provide regulatory clarity on crucial blockchain industry issues. These issues include when a blockchain is legally considered decentralized, the...more

Jenner & Block

Client Alert: What to Expect of Crypto Asset Regulation in the 118th Congress

Jenner & Block on

In 2022, the failures of prominent crypto companies overshadowed broader discussions in Congress about how crypto assets should be regulated. This Congress, both chambers are likely to continue to investigate, hold hearings,...more

White & Case LLP

Down but not out: Crypto takes a hit in 2022 but is not going anywhere

White & Case LLP on

Never has the digital asset space experienced such a succession of high-profile implosions and steady flow of negative mainstream press coverage, leaving many to ask—what next? The crypto industry has endured arguably its...more

White & Case LLP

Kazakhstan Law News Digest for December 2022 – January 2023

White & Case LLP on

Key Kazakhstan legal developments for the last two months and clarifications from the state authorities, case law news and legal publications have been discussed by our team. I. Legislative News - Environment - -...more

Perkins Coie

FTX Finds Assets and Is Looking for More

Perkins Coie on

FTX filed its presentation to the Official Committee of Unsecured Creditors (UCC), reporting that FTX has located about $5.5 billion of cash and other liquid assets but less than $1.8 billion of digital assets identified with...more

White & Case LLP

Kazakhstan Law News Digest for April 2022

White & Case LLP on

I. Legislative News - Subsoil Use- The Ministry of Energy of the Republic of Kazakhstan has amended (1) the Standard Contract on Exploration and Production of Hydrocarbons; (2) the Standard Contract on Production of...more

Cadwalader, Wickersham & Taft LLP

A Pocket Guide to the 2023 Budget Proposals

On March 28, 2022, the Biden Administration released its budget proposal for Fiscal Year 2023 (the Budget). We summarize below the tax aspects of the Budget of particular interests to U.S. corporate taxpayers, financial...more

ArentFox Schiff

Crypto Executive Order Seeks To Develop a Federal Regulatory Framework for Digital Assets

ArentFox Schiff on

Federal Agencies Ordered to Consider a National Digital Currency, Financial and Criminal Regulations. President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets sets forth an unprecedented...more

Barnea Jaffa Lande & Co.

Will NFTs Push Regulators to Regulate the Metaverse?

A few years ago, NFTs were the subject of interest only for tech geeks and the cryptocurrency community. It seems, however, that nowadays, NFTs are almost everywhere. For those who don’t yet know, NFTs (non-fungible tokens)...more

Perkins Coie

Blockchain Legal Report: December 2021

Perkins Coie on

Senate Holds Hearing on Stablecoins - The United States Senate Committee on Banking, Housing, and Urban Affairs held a hearing on stablecoins on Tuesday, December 14, 2021, featuring testimony from a cross section of law,...more

Polsinelli

So Close...The Cryptocurrency Industry Shows its Strength Even While Failing to Secure an Amendment

Polsinelli on

As the United States Senate considered H.R. 3684, the “Investing in a New Vision for the Environment and Surface Transportation In America Act (INVEST in America Act)”, an attempt to modify legislative language concerning...more

Polsinelli

House of Pay’n – House Passes Bill to Help Create Legal Framework for Digital Asset Regulation

Polsinelli on

On Tuesday, April 20, 2021, the House of Representatives passed the Eliminate Barriers to Innovation Act of 2021 (the “Act”). The Act was initially introduced in March with an overarching aim to clarify the roles of the...more

Conyers

Cayman Islands Private Client Legislative Update

Conyers on

It’s trite to say that 2020 was a year marked by change. Having being bombarded with a variety of unsolicited adjustments to our daily lives, we could be forgiven for having developed a collective fear of change over the last...more

Pillsbury Winthrop Shaw Pittman LLP

All Eyes Are on Regulation of Digital Assets as Federal Agencies and Lawmakers Seek to Bring Clarity: Part 1—The SEC, Utility...

Federal regulators start to address some of the recent questions about digital assets such as tokens and virtual currencies, though many questions remain. U.S. Regulators and Congress are grappling with how to manage the...more

Carlton Fields

U.S. Regulation of Loot Boxes Heats Up with Announcement of New Legislation

Carlton Fields on

Sen. Josh Hawley (R-MO) sent shockwaves through the video game industry this week when he formally announced that he intends on introducing new legislation that would regulate the use of loot boxes and “pay-to-win”...more

Orrick - On the Chain

The 2019 Token Taxonomy Act: A Path to Consumer Protection and Innovation Takes Shape

Orrick - On the Chain on

We’ve previously written that the Token Taxonomy Act first introduced to Congress by Representatives Warren Davidson (R-OH) and Darren Soto (D-FL) on December 20, 2018, was a welcome legislative initiative designed to provide...more

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