FinCEN and the federal banking agencies have taken additional steps to implement the AML/CFT and sanctions compliance obligations under the GENIUS Act through proposed rules related to Cu...
Davis Polk counsel Justin Levine authored “Everyone needs a stablecoin strategy” in Open Banker. In the article, Justin contends that every company should have a strategy to prepare f...
The White House and the Federal Reserve Board are looking to reshape the U.S. payments system by opening up access to fintech and crypto firms. Our visual client update covers the recent ...
Davis Polk partner and Financial Institutions practice co-head David Portilla, counsel Justin Levine and associate Andrew Rohrkemper authored “Tokenized securities have capital parity, ...
FinCEN and OFAC have taken steps to implement the AML/CFT and sanctions compliance obligations under the GENIUS Act, the most notable of which include compliance requirements applicable t...
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, ...
Banking organizations must ensure that a tokenized security confers identical legal rights as its non-tokenized counterpart to qualify for the same capital treatment as the non-tokenized ...
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...
