Davis Polk partner Dan Stipano shared his thoughts on potential regulation regarding banks’ involvement in crypto activities with S&P Global. “Regulators will continue to be vigilant in this space,” Dan said. However, he continued, “I am doubtful that a special [compliance] framework or exam procedures for crypto will be developed in the near term.”

Banks pump the brakes on crypto as regulators signal growing concern,” S&P Global (February 14, 2023)