The regulatory perimeter continues to expand as the Securities and Futures Commission introduces a comprehensive regime to regulate virtual asset service providers.
By Simon Hawkins and Adrian Fong
In December 2022, Hong Kong passed the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (Amendment Bill), which will establish a new licensing regime and statutory framework
On May 22, 2023, the Federal Trade Commission announced its first monetary settlement with celebrity endorsers for a combined $1.7 million.
The CRPTO Act is intended to increase transparency and consumer protections, and reduce conflicts of interest, through heightened disclosures and penalties.
By Jenny Cieplak, Arthur S. Long, Yvette Valdez, Stephen P. Wink, and Deric Behar
On May 5, 2023, New York Attorney General (NYAG) Letitia James introduced a bill that, if
The rule requires that lenders collect and report extensive applicant data to the CFPB, intended to deter discrimination and promote economic growth.
By Parag Patel, Victor Razon, and Deric Behar
On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) finalized a regulation implementing Section 1071 of the 2010 Dodd-Frank Act. The regulation
In a major Web3 trademark infringement case, NFT creators prevail over those with a bad-faith intent to profit.
By Stephen P. Wink, Tiffany M. Ikeda, Adam Zuckerman, and Deric Behar
On April 21, 2023, Yuga Labs, the original creators of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, successfully moved
On May 5, 2023, New York Attorney General Letitia James released proposed legislation that seeks to regulate all facets of the cryptocurrency industry. Entitled the “Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act,” if enacted the draft bill would substantially expand New York’s oversight of crypto enterprises conducting business in the Empire State.
The government has announced it will come up with a new code of practice to replace an earlier approach that faced opposition from the creative sectors.
By Deborah Kirk and Brett Shandler
Latham previously reported on the UK government’s proposal to introduce a new copyright and database exception that allows text and data mining (TDM)
Whereas the original proposal did not directly discuss digital assets, the reopening release is mainly focused on digital asset platforms.
By Stephen P. Wink, Marlon Q. Paz, Naim Culhaci, and Deric Behar
On April 14, 2023, the Securities and Exchange Commission (SEC) issued a release amending portions of its earlier proposal to
In this issue:
• ETH Staking Data Published, USDC Cross-Chain Transfer Protocol Launches• IRS Modifies 2014 Virtual Currency Guidance• OFAC Adds 20 Cryptocurrency Public Keys to SDN List• DOJ Actions Target Crypto Market Manipulation and Money Laundering
ETH Staking Data Published, USDC Cross-Chain Transfer Protocol Launches
New data
On April 14, 2023, by a 3-2 party-line vote the US Securities and Exchange Commission reopened the public comment period and provided supplemental information on amendments proposed in January 2022 to the definition of “exchange” under Rule 3b-16.