Troutman Sanders

DECEMBER 4, 2023

The DFAL and Senate Bill 401, signed into law by Governor Gavin Newsom on October 13, 2023, are set to regulate virtual currency activities within California, effective July 1, 2025. Additionally, the DFPI is planning to host a Virtual Informal Listening Session on January 8, 2024, to discuss feedback on this invitation for comments.

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Troutman Sanders

JUNE 21, 2022

Harris believes this new guidance “creates clear criteria for virtual currency companies looking to issue USD-backed stablecoins in New York.”. Stablecoin reserves must be held in specific asset categories, including government money-market funds and deposit accounts at U.S. Kirsten Gillibrand (D-NY) and Sen.

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Troutman Sanders

NOVEMBER 21, 2023

On November 15, the New York State Department of Financial Services (DFS) issued new guidance, introducing enhanced requirements for coin-listing and delisting policies of DFS-regulated virtual currency entities. For more information, click here. For more information, click here. For more information, click here.

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Troutman Sanders

MAY 2, 2023

The bill additionally leaves room for assets that don’t fit neatly into either category. On April 26, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation issued guidance to banks to address the risks associated with overdraft protection programs. For more information, click here.

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Troutman Sanders

SEPTEMBER 25, 2023

These new guidance documents take the form of two letters addressed to virtual currency business entities. The first guidance document addresses the “General Framework for Greenlisted Coins” while the second guidance document addresses the “Proposed Updates to Guidance Regarding Listing of Virtual Currencies.”

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Troutman Sanders

AUGUST 14, 2023

Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. On August 8, the Office of the Comptroller of the Currency (OCC) issued a bulletin to provide banks with guidance regarding the applicability of the legal lending limit to purchased loans. Ripple Labs , et al. ,

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The Kaplan Group

APRIL 11, 2021

Since its creation initially of 2009, Bitcoin digital currency has survived crises and assaults from all sides and nonetheless emerged triumphant. BitMEX capitalised on the increasing interest in cryptocurrencies and the shortage of actual exhausting currencies.

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