Troutman Sanders

OCTOBER 4, 2022

Federal Activities: On September 30, the Commodity Futures Trading Commission (CFTC) filed an enforcement action against crypto futures and spot market exchange Digitex and its founder and CEO Adam Todd. digital asset bank that sued the Federal Reserve Board and the Federal Reserve Bank of Kansas City on June 27. State Activities.

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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.

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Fico Collections

AUGUST 4, 2021

In part 1 of this blog series my colleague defined NFTs or Non-Fungible Tokens. When we move to the world of digital art and NFTs, the provenance and authorship of the works of art are obscure to say the least and they don’t fit into the categories I outline above. Trade your digital artwork (aka NFTs) using crypto 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. 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.

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Troutman Sanders

JANUARY 31, 2023

The proposed rules are limited, at this time, to deposit accounts, credit cards, digital wallets, prepaid cards, and other transaction accounts. The Electronic Privacy Information Center (EPIC)’s letter echoed the need to cull down the categories of required information that could be shared. “[W[e

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Troutman Sanders

NOVEMBER 15, 2022

Director Chopra discussed potential resolutions on the hypothetical failure of three categories of systemically important financial institutions: (1) domestic systemically important financial institutions; (2) nonbank systemically important financial institutions; and (3) global systemically important banks. For more information, click here.

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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. On April 27, Federal Trade Commission (FTC) Chair Lina M.

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