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. ...
The UK’s long-awaited regulatory regime for cryptoassets comes into force in October 2027. Firms that intend to provide regulated cryptoasset services at the point the new regime goes l...
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.
The CFTC’s proposal acknowledges the ways in which novel products may require novel market structures with affiliations between registrants, while establishing minimum standards for mit...
Davis Polk partner Zach Zweihorn co-authored “What is a broker-dealer?” in the second edition of Broker-Dealer Regulation, along with FINRA’s Robert Colby and retired partner Lanny ...
The SEC and CFTC have jointly requested public comment as they consider updating classification rules for innovative financial products, including event contracts and perpetual contracts.
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...
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...
