On April 4, 2022, Securities and Exchange Commission (“SEC”) Chair Gary Gensler spoke on the crypto markets at his alma mater, the University of Pennsylvania, for the Penn Law Capital…
On March 17, 2022, Sen. Elizabeth Warren (D-MA) and other Democrats introduced the Digital Asset Sanctions Compliance Enhancement Act of 2022. Also that day, the U.S. Senate Committee on Banking,…
Yesterday, President Biden signed an Executive Order (the “Order”) outlining, as described in the accompanying Fact Sheet, a “whole-of-government approach” to harness the benefits, and address the potential risks, of…
On February 15, 2022, the U.S. Senate Committee on Banking, Housing and Urban Affairs (“Senate Banking Committee”) hosted a virtual hearing entitled, “Examining the President’s Working Group on Financial Markets…
In response to ongoing Russian military action in Ukraine, U.S. authorities have imposed several tranches of new sanctions against Russia, particularly against Russia’s financial industry, including its major banks and…
On February 9, 2022, the Senate Committee on Agriculture, Nutrition, and Forestry (“Senate Agriculture Committee”) hosted a virtual hearing entitled, “Examining Digital Assets: Risks, Regulation, and Innovation.” The hearing focused…
Non-Fungible Tokens (NFTs) have exploded in popularity and caught the public’s attention in the last year or two. But what is the hype all about, and what risks do participants…
On February 15, 2022, House Financial Services Committee member Rep. Josh Gottheimer (D-NJ) released a discussion draft of a bill (the “bill”) that would create bank-like regulation for stablecoin issuers.…
Originally Published: February 17, 2022 Update: February 22, 2022 Last week, in a speech at the U.S Monetary Policy Forum in New York, FRB Governor Lael Brainard continued to tout the…
On February 8, 2022, the U.S. House Committee on Financial Services (“HFS”) hosted a virtual hearing entitled, “Digital Assets and the Future of Finance: The President’s Working Group on Financial…