Davis Polk partner Dan Stipano was quoted in a MoneyLaundering.com article discussing several recent bills introduced by U.S. lawmakers related to the regulation of cryptocurrency and other online assets. Dan noted that regulators are “trying to apply a framework [to cryptocurrency] that was developed many years ago for more traditional financial institutions.”

Is Crypto a Security, Commodity or Means of Payment? All Three, Say Lawmakers,” MoneyLaundering.com (August 12, 2022)