Troutman Sanders

JANUARY 23, 2024

On January 18, the Federal Trade Commission (FTC) issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending. For more information, click here. According to the FTC, the CARS Rule will save consumers more than $3.4 For more information, click here.

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Troutman Sanders

JANUARY 17, 2023

In November 2022, Genesis announced that it will prohibit retail investors from withdrawing their cryptocurrency deposits from Gemini Earn accounts due to liquidity risks. On January 10, the FTC announced that it will send payments totaling more than $2.9 For more information, click here. For more information, click here.

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Troutman Sanders

MAY 9, 2023

For the first year after the effective date of the proposal, these firms would be subject to an excise tax of 10% of the costs of electricity they use in digital asset mining. billion in revenue over 10 years. Strengthen Retail (Consumer) Investor Protections. The White House estimates that the DAME tax will raise $3.5

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Troutman Sanders

JUNE 27, 2023

Throughout 2015 and 2016, a customer of Swedbank Latvia used Swedbank Latvia’s e-banking platform from an internet protocol address in Crimea to send payments to persons in Crimea through U.S. Swedbank Latvia agreed to remit $3,430,900 to settle its potential civil liability for 386 apparent violations of OFAC’s Crimea sanctions.

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