Insights
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Voyager Investors Sue the NBA and New Jersey’s Oldest Law Firm
Read More: Voyager Investors Sue the NBA and New Jersey’s Oldest Law FirmThe Lawsuit Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and most reputable brands and companies can quickly become ensnared in controversy in an industry marred by a…
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A Tangled Web of Regulations
Read More: A Tangled Web of RegulationsAlphabet Soup For over a decade, cryptocurrency has captured the imagination of investors, entrepreneurs, and technologists alike, presenting new opportunities and challenges in the world of finance. And if the financial world has taught us anything, it’s that where consumer interest journeys, regulators are quick to follow. The cryptocurrency craze is no exception. In a…
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Bitcoin Spotlight: Approving the Bitcoin Spot ETF
Read More: Bitcoin Spotlight: Approving the Bitcoin Spot ETFBitcoin “Spot” ETF As the future of cryptocurrency in the United States continues to unfold, one of the most eagerly-anticipated developments has been the approval of a Bitcoin “Spot” Exchange-Traded Fund (ETF). This milestone has the potential to reshape the cryptocurrency market and bring new opportunities and challenges to investors, regulators, and the legal community…
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New York Offers New Virtual Currency Guidance
Read More: New York Offers New Virtual Currency GuidanceOn November 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to BitLicensees and limited-purpose trust companies and include business model considerations for virtual currency entities (VCEs), updated risk assessment expectations for VCEs, new advance notification requirements, and updated definitions.…
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Binance and CZ Settle with the DOJ and Other Federal Agencies
Read More: Binance and CZ Settle with the DOJ and Other Federal AgenciesOn November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency exchange, and its Chief Operating Officer, Changpeng Zhao (CZ). The settlement concerned a variety…
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California Enacts Digital Financial Assets Law
Read More: California Enacts Digital Financial Assets LawOn October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s money transmitter licensing requirements. Under this new law, on and after July, 2025, crypto companies and everyone…