Insights

Wall Street Journal: China’s Digital Currency Challenge: Winning Hearts and Minds

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Patomak Vice President and Chief of Staff Robert Greene provides commentary for a Wall Street Journal article about the close watch policymakers are keeping on China’s progression on its plans to replace cash with digitized money.

RealClearMarkets: A Federal Power Grab Over the Future of Stablecoins

The President’s Working Group Report on Stablecoins is an important first step for federal regulators to develop a regulatory approach. Unfortunately, the report is a slap in the face to state regulators as it ignores their years of regulatory experience.

Why the Digital Asset Community Might Welcome CFPB Oversight

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While few industries welcome attention from the Consumer Financial Protection Bureau, Patomak Managing Director Paul Watkins explains two reasons why the digital asset community might just welcome the agency’s engagement in the space.

Carnegie Endowment for International Peace: Beijing’s Global Ambitions for Central Bank Digital Currencies Are Growing Clearer

As central banks around the world contemplate the risks and benefits of issuing central bank digital currencies (CBDCs), Beijing is likely to leverage frustrations with the inefficiencies of existing cross-border payments channels to strengthen…

Crypto Needs a Different Gameplan to Win Over Democrats

Ted Serafini's op/ed that appeared in Morning Consult outlines a proposed gameplan for the crypto industry to engage skeptical Democratic policymakers.

Roll Call: Lawmakers’ Crypto Focus Strengthens Voice of SEC’s Peirce

Patomak CEO Paul Atkins comments on SEC Commissioner Hester Peirce's efforts on cryptocurrency regulation in a Roll Call story.

Who is in Charge Here? Liability Considerations for Decentralized Exchange Platforms

Patomak Global Partners fintech experts release the first article in a series that examines some of the issues regulators are likely to encounter as activity continues to grow in Decentralized Finance (DeFi), as well as what those operating in the space should consider.

Digital Currencies’ Role in Facilitating Ransomware Attacks: A Brief Explainer

Patomak’s Kristine Johnson co-authored a paper for Third Way that details how Bitcoin—the most popular digital currency—is used to facilitate ransomware attacks and how criminals try—and sometimes fail—to cover their tracks. Understanding how criminals use digital currencies for ransomware attacks can lead policymakers to solutions in thwarting and enforcing cybercrimes.

Six Patomak Takeaways Regarding 2021 SEC Division of Examinations Risk Alert on Digital Assets

Patomak expects SEC scrutiny of Digital Assets to grow dramatically in the year ahead, and is well-prepared to help firms respond by applying its deep expertise developing compliance programs, including designing controls, conducting risk assessments, and supporting due diligence to ensure that Digital Asset business activities comply with SEC rules and anti-money laundering (“AML”) regulations.