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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Senator Lummis, a vocal supporter of Bitcoin, has been more critical of stablecoins, particularly Tether, and has opposed central bank digital currencies. He also referred to Bitcoin and Ether as the two largest tokens, accounting for approximately 60-70% of the total crypto market capitalization. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Federal Activities: On November 11, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra delivered remarks before the FDIC Systemic Resolution Advisory Committee. The SEC further alleged Braga personally received “at least 8,396 bitcoin” (worth approximately $55 million) of the total amount of investor deposits.