7/11/2019 | Content area:
Questions have swirled in the industry around the application of the federal securities laws and FINRA rules regarding the custody of digital asset se...
7/10/2019 | Content area:
July 10, 2019
Federal Court Permanently Enjoins Defendants and Orders Them to Pay Penalties and Restitution for Bitco...
6/18/2019 | Content area:
The Complaint specifically alleges that since at least May 1 through October 31, 2017, the defendants used a website and accounts at popular social me...
6/07/2019 | Content area:
One of the biggest obstacles preventing investment advisers from investing in FinTech and digital currencies is a familiar nemesis: the custody rule.
6/07/2019 | Content area:
The setting was Rome, home to an ancient empire, where CFTC Chairman J. Christopher Giancarlo brought up the “new futurism” and the challenges present...
6/03/2019 | Content area:
We at the CFTC believe in the power of markets to be the best determinate of the value of technology-driven innovation.
5/21/2019 | Content area:
One issue that I would like to see the Division of Investment Management add to its agenda is the marketplace’s interest in gaining exposure to bitcoi...
5/09/2019 | Content area:
Undoubtedly, digital assets can be securities if they meet the Howey test. On this point, the SEC has been very clear. In 2017, before my arrival at t...
4/04/2019 | Content area:
The SEC finds itself in a squeeze given its must abide by a 1946 Supreme Court decision defining a security when justices then couldn’t have even imag...
3/28/2019 | Content area:
If there’s one key takeaway for advisers in the ABA’s new 353-page report on digital assets it’s that – wherever regulators stand on cryptocurrency le...
3/14/2019 | Content area:
A new letter from the SEC’s Division of Investment Management seeks your guidance on how the agency should deal with the non-delivery versus payment c...
3/12/2019 | Content area:
We welcome input and engagement from all interested parties regarding the potential considerations posed by digital assets with respect to the Custody...
2/20/2019 | Content area:
In approximately August 2018, Gladius self-reported to Commission Enforcement staff. From the beginning of its discussions with Commission staff, Glad...
2/08/2019 | Content area:
There is also great interest in exchange-traded products based on bitcoin or other cryptocurrencies. As I have mentioned in the past, I am concerned t...
12/13/2018 | Content area:
In an effort “to understand similarities and distinctions between certain virtual currencies, including here Ether and Bitcoin,” the CFTC has issued a...
12/06/2018 | Content area:
It’s been two years since the NFA released it cybersecurity rules (CPO/CTA Watch, Feb. 23, 2016). Now the SRO is amending them to, among other things,...
11/21/2018 | Content area:
The SEC has yet again offered up its current thinking on digital securities. On the same day that the Commission settled charges against two more comp...
11/07/2018 | Content area:
The numerous state and federal regulators in the United States have taken a variety of approaches with respect to cryptocurrency, which makes it diffi...
11/01/2018 | Content area:
1Broker, registered in the Republic of the Marshall Islands, and its CEO Patrick Brunner solicited investors from the United States and around the wor...
10/25/2018 | Content area:
Both the SEC and the CFTC have staked regulator claims in the burgeoning virtual currency space. Hand the CFTC a victory in a recent court ruling but ...