U.S. Regulatory Update

SEC & Securities Asset Managers Submit and Withdraw Separate Applications for Ether-Based ETF Filings On 20 August, Cointelegraph reported that asset managers VanEck and Proshares had submitted separate applications with the Securities and Exchange Commission...

U.S. Regulatory Update

General CFTC and FinCEN Announce Enforcement Actions Against BitMEX On 10 August, the Commodity Futures Trading Commission (“CFTC”) announced that the U.S. District Court for the Southern District of New York entered a consent order against five companies charged with...

U.S. Regulatory Update

Highlights SEC Chair Gensler Delivers Remarks on Regulation of Crypto Assets On 3 August, Securities and Exchange Commission (“SEC”) Chair Gary Gensler delivered remarks warning of the risks attendant to investing in crypto assets and pledging to use the SEC’s full...

U.S. Regulatory Update

Highlights Bipartisan Tax Plan Set to Increase IRS Surveillance of Cryptocurrency Transactions On 28 July, the U.S. Senate (“Senate”) released a bipartisan infrastructure deal that revises the IRS’s definition of “broker” to include “any person who (for consideration)...

U.S. Regulatory Update

Highlights SEC Chair Gensler Gives Speech to American Bar Association Regarding SEC Initiatives On 21 July, Securities and Exchange Commission (“SEC”) Chair Gary Gensler spoke at a program hosted by the American Bar Association’s Derivatives and Futures Law Committee....