In this issue: • Crypto Firms Announce New Product Launches in Custody, Stablecoins, Wallets• New Crypto Guidance Published by CFTC, European Banking Agency, UAE• Multiple Financial Agencies Publish Reports Addressing Crypto Market• OFAC Adds New Crypto Public Keys to SDN List• CFTC Charges Digital Asset Fraud Scheme, NY AG Charges Wallet Provider Crypto Firms Announce … Continue Reading
In this issue: • European Bank Launches Stablecoin; Financial Firms Expand Crypto Products• Ethereum ‘Unstaking’ Data Published; New DeFi Products Launch• SEC Charges U.S. Crypto Exchange with Multiple Securities Law Violations• States Bring Crypto Enforcement Actions, Assess Supervisory Costs• OFAC Adds New Bitcoin Public Key to SDN List• DeFi Protocol Hacked for $7.4M; Wallet Attack … Continue Reading
In this issue: New Crypto Market Data Published, Blockchain Settlement Pilot Announced CFPB Publishes Report on Crypto Scams; Study Analyzes Scams on Uniswap Multiple Cryptocurrency Exchanges Intend to Publish ‘Proof of Reserves’ Users Move Crypto Off of Exchanges, Tether Freezes $47M in USDT New Crypto Market Data Published, Blockchain Settlement Pilot Announced By Amos Kim … Continue Reading
In prepared remarks delivered at the Practising Law Institute’s “SEC Speaks” program on Sept. 8, Chair Gensler emphasized and reiterated his long-standing position that the vast majority of cryptocurrency tokens are securities, and he noted that “only a small number of tokens, even though they may represent a significant portion of the crypto market’s aggregate … Continue Reading
In this issue: • Fintech and Crypto Firms Announce Myriad New Crypto Product Launches• Senators Release Digital Assets Bill, Crypto Activists Send Letter to Congress• NY DFS and Japan Address Stablecoins, BIS Addresses Crypto ‘Fragmentation’• DOJ Calls for International Cooperation in Fight Against Crypto Crime• CFTC Sues Crypto Exchange, NY AG Issues Investor Alert, UST … Continue Reading
• Raising Municipal Funds and Rewarding Loyalty: New Cryptocurrency Use Cases • Bitcoin’s Taproot Upgrade Activated to Improve Network Security • Reports Address DeFi Security, Tether Distribution and Liquidity • SEC Rejects Proposal for Spot Bitcoin Exchange Traded Fund • US and Canadian Authorities Pursue Fraud Schemes, Recover Stolen Crypto Raising Municipal Funds and Rewarding … Continue Reading
Authorship credit: George A. Stamboulidis, Robert A. Musiala Jr., and Christina O. Gotsis Problems caused by the lack of regulation in NFT markets were clearly exposed just last month with the revelation of not one, but two NFT scandals involving the use of insider information to snag exclusive pieces and game the market. In early … Continue Reading
In a speech before the Aspen Security Forum on August 3, 2021, Securities and Exchange Commission (“SEC” or “Commission”) Chair Gary Gensler urged lawmakers to provide him with the power to police cryptocurrency trading, referring to it as the “Wild West.”[1] While he noted that the views he was sharing were his own and not … Continue Reading
In this issue: • Crypto Payment Options Announced, Federal Reserve Official Addresses Bitcoin • Enforcement Actions Target Crypto Trading, Hacking and Money Laundering • Flash Loan Attacks Cripple DeFi, Criminal ‘Retires’ with $1Billion in Bitcoin Crypto Payment Options Announced, Federal Reserve Official Addresses Bitcoin By: Joanna F. Wasick Late last week, BitPay, a leading provider … Continue Reading