The SEC has created a five-year program allowing a permissioned blockchain system that uses AMMs to trade tokenized versions of exchange-listed stocks without registering as an exchange. ...
Reg CA would create tailored offering exemptions and disclosure rules for some primary offerings of crypto assets, but would provide less certainty to intermediaries and secondary markets.
Just over a year has passed since the enactment of the GENIUS Act, and the latest possible effective date of the Act is under six months away. Our client update summarizes progress in imp...
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...
