Troutman Sanders

MARCH 11, 2024

This is not the first time the senators have tackled cryptocurrency regulation, having previously announced efforts to introduce legislation aimed at regulating digital assets. Senator Lummis, a vocal supporter of Bitcoin, has been more critical of stablecoins, particularly Tether, and has opposed central bank digital currencies.

Financial services 52

Financial services Garnishment Lender Banks 52

Troutman Sanders

AUGUST 14, 2023

Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. The stablecoin will be issued by Paxos Trust Company, a company subject to regulatory oversight by the New York Department of Financial Services, and each PayPal USD token will be redeemable on a 1:1 basis for U.S.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

NOVEMBER 21, 2023

The framework seeks to tackle conflicts of interest when crytpo asset service providers combine functions, as well as when they list tokens in which they have a financial interest in. The report also recommends that service providers provide market surveillance measures. For more information, click here.

Financial services 52

Financial services Retail Banks Student loans 52

Troutman Sanders

OCTOBER 4, 2022

Additionally, the CFTC alleged that Digitex attempted to manipulate the value of its token DGTX by using noneconomic trading activity to artificially pump the price of DGTX. 8985 has been referred to the House Committee on Financial Services for its consideration. For more information, click here. and Cryptobontix, Inc.

Financial services 52

Financial services Trade Retail Banks 52

Troutman Sanders

MAY 2, 2023

Previously introduced in June 2022, the bill fortified its provisions regarding national security and cybercrime — a concern top regulators continue to express about digital assets. The bill additionally leaves room for assets that don’t fit neatly into either category. For more information, click here. On April 27, the U.S.

Financial services 52

Financial services Trade Consumer Credit Government 52

Troutman Sanders

AUGUST 7, 2023

The brothers allegedly sold unregistered securities they called “node licenses,” which they told investors would generate crypto assets through mining activity, and that revenue-generating businesses would drive up the value of the various tokens DEBT Box mined. dba DEBT Box. For more information, click here. On August 2, the U.S.

Financial services 52

Financial services Financial Institution Manufacturing Loans 52

Troutman Sanders

NOVEMBER 15, 2022

Federal Activities: On November 11, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra delivered remarks before the FDIC Systemic Resolution Advisory Committee. In its summary judgment motion, the SEC argued that LBRY’s public offering of its native token LBC constituted an unregistered sale of securities.

Financial services 52

Financial services Student loans Student Loans Trade 52