Government and Regulation

The Proposal would establish two offering exemptions, a conditional safe harbor for investment contracts and broad preemption of state securities laws registration and qualification requirements.

By Paul M. DudekZachary FallonStephen P. Wink, and Deric Behar

Key Points:

  • The proposed rules would create two new offering exemptions for “covered investment contracts”

In this issue:

Banks Announce BankChain Alliance, Tokenized Deposit, Stablecoin Initiatives

By Robert A. Musiala Jr.

According

In this issue:

U.S. Bank Announces Digital Asset Custody;

On August 18, 2026, the US Securities and Exchange Commission (SEC) proposed a comprehensive new offering and disclosure regime for crypto asset securities entitled “Regulation Crypto Assets.” The proposed rules are specifically designed for the offer and sale of what the SEC terms “covered investment contracts,” which are investment contracts whose subject is a crypto

Recent developments signal that the regulatory treatment of cryptoasset lending may be shifting.

By Gabriel Lakeman, Axel Schiemann, Thomas Vogel, and Ivan Pizeta

Key Points:

  • ESMA has released a Q&A which confirms ESMA’s views that MiCA does not regulate cryptoasset lending and borrowing as specific cryptoasset activities, but that general MiCA obligations

In this issue:

U.S. Companies Expand Digital Asset Networks, Seek OCC