The White House recently published a “Framework for Responsible Development of Digital Assets,” following up on President Joe Biden’s executive order on digital assets earlier this year, which set forth six principal policy objectives in furtherance of U.S. initiatives in the crypto and digital asset space. The framework directs financial…
The advance of the regulation of crypto-assets and crypto-related service providers has been piecemeal in the U.K. The latest round of changes took place in the Money Laundering Regulations 2017 (MLR) on 1 September 2022 with some provisions, including the “change in control” provisions, coming into force on 11 August 2022….
Goodwin recently appointed Andrew Henderson as regulatory partner to its Private Investment Funds’ practice in London. Dr. Henderson has over 20 years’ experience advising financial institutions, including asset and investment managers, as well as family offices and technology providers on financial services regulation and risk management. He also works closely…
On August 15, 2022, the United States District Court for the Central District of California authorized the IRS to serve a “John Doe” summons on Ox Labs Inc., a cryptocurrency prime dealer doing business as SFOX. The John Doe summons calls for Ox Labs to divulge information about U.S. taxpayers who engaged in…
The crypto industry is still reeling from last week’s insider trading charges, filed by federal prosecutors in New York and the Securities and Exchange Commission against a former Coinbase employee and his associates. The obvious point first: these charges have got people talking about how prosecutors and regulators alike are…
Germany has introduced a new regulation on crypto fund units (Verordnung über Kryptofondsanteile – KryptoFAV), that allows fund managers to issue fund units on an electronic instead of a physical basis. The new rules come less than one year after the Fund Location Act (Fondsstandortgesetz) allowed institutional investors to invest…
Goodwin Partners, Kyle Tayman, Andrew Kim, and Collin Grier recently wrote an article for Law360 regarding CFPB’s entry into the cryptocurrency arena. Read more here.
Goodwin Partner, Simon Thomas, was recently quoted by Global Restructuring Review regarding UK’s proposal for new insolvency regime for stablecoin failures. Read more here.
Digital Currency Perspectives authors Alison Douglass, Meghan Spillane, DeMario Carswel, and Frank DelPesce recently posted an alert regarding a Compliance Assistance Release issued by the U.S Department of Labor its views on the availability of cryptocurrencies on 401(k) investment platforms. Read more here.
Digital Currency Perspectives authors Grant Fondo and Robert Tiefenbrun recently posted an alert regarding the SEC announcement that it settled charges against NVIDIA Corporation. The SEC has alleged that the company’s disclosures regarding the impacts of increased use of its gaming products by cryptocurrency miners were inadequate and misleading. Read…