Troutman Sanders

JANUARY 23, 2024

On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. The debt relief is broken down into the following categories: $1.7 For more information, click here.

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Troutman Sanders

DECEMBER 19, 2023

Under this order, the company will cease operations and pay a $95,000 penalty to the CFPB’s victims relief fund. District Court of the Southern District of New York denied bankrupt digital asset services company Celsius Network Inc.’s For more information, click here. For more information, click here. For more information, click here.

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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. Government Accountability Office (GAO) updated its priority open recommendations to the OCC, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve. dollar deposits, short-term U.S.

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Troutman Sanders

JANUARY 23, 2023

s (Nexo) assent to pay a $45 million fine to remedy its offering of an interest-bearing cryptocurrency deposit product called the “Nexo Earn Interest Product” (EIP), which the SEC alleged constituted the offering and selling of unregistered securities in violation of federal securities law. For more information about DAOs, click here.

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Troutman Sanders

OCTOBER 26, 2020

On October 23, the Federal Reserve and Financial Crimes Enforcement Network (FinCEN) invited comment on a proposed rule change, requiring financial institutions to keep more records on hand related to smaller-value international fund transfers. The legislation would benefit banks and credit unions with assets under $15 billion.

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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. Government Money Market Fund.”

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Collection Industry News

AUGUST 9, 2021

The Biden administration resisted that pressure, pointing to the intense scrutiny to which the Previous Moratorium was subject in federal courts across the country, as we detailed in our March 4 , March 15 , May 6 , and July 1 client alerts. 1:20-cv-03377, United States District Court of the District of Columbia).

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