The SEC has issued a much-anticipated interpretation regarding when the federal securities laws apply to certain types of crypto assets and transactions. It is an important step forward, ...
Davis Polk partners Gabe Rosenberg and Zach Zweihorn and associate Billy Hicks authored “3 reasons we need digital asset market structure legislation” in Law360. In the article, the a...
The OCC finalized a rule clarifying that national trust banks may engage in non-fiduciary activities but left open the question of whether a national trust bank must engage in a minimum a...
The OCC proposed a rule that would eliminate any uncertainty as to whether national trust banks can engage in non-fiduciary activities. If adopted, the proposal would align language in th...
Davis Polk partners David Portilla and Gabe Rosenberg authored “Digital assets, banking and regulation: 2026 policy outlook” in IFLR. In the article, the authors note that “2026 wil...
The Federal Reserve and FDIC took actions last week designed to facilitate crypto-related activities. The Federal Reserve rescinded its anti-crypto 2023 policy statement and replaced it w...
On December 1, 2025, the U.S. Commodity Futures Trading Commission (CFTC) announced amendments to its Rules Relating to Investigations and Rules of Practice. The amendments are aimed at ...
President Trump entered the White House in January 2025 promising to make the United States the “Crypto Capital of the World.” The federal agencies and Congress are responding with un...
The President has signed the bipartisan GENIUS Act – a landmark stablecoin bill – into law. Our client update breaks down the key provisions of the GENIUS Act and includes charts summ...
