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- Latest Posts U.S. House Passes Bill to Undo SEC Guidance That Limited Banks’ Ability to Custodian Crypto Assets Consensys Sues SEC Over the Issue of Whether Ether is a Security Crypto Industry Groups Sue SEC, Seeking to Strike Down Revisions to the Dealer Rule Bipartisan Bill to Regulate Stablecoins Introduced in U.S. Senate Phase 2 of Amendments to Singapore Payments Legislation Comes into Force Expanding Licensable Activities US Court Refuses To Dismiss Proposed Class Action Against BitMEX Founders U.S. Court Dismisses Rico Lawsuit Brought In Connection With Nomad Bridge Hack Bipartisan Resolution Seeking to Undo SEC Guidance Regarding Bank Crypto Asset Reporting Requirement Advances Out of Committee Search for: Facebook Twitter Our Team Topics Cryptocurrency ICO Litigation SEC Securities Search for: U.S. House Passes Bill to Undo SEC Guidance That Limited Banks’ Ability to Custodian Crypto Assets 13 May 2024 by David Zaslowsky 5 Mins Read U.S. Security and Exchange Commission (SEC”) Staff Accounting Bulletin No. 121 (SAB 121”) was issued on March 31, 2022. It requires reporting entities which perform custodial duties in relation to crypto assets to hold those assets on their balance sheet. Doing so means these entities would also be required to take on significant capital, liquidity, and other costs under the existing prudential regulatory framework. SAB 121 thus represented a significant departure from decades of generally accepted… View Survey Categories Select Category AML Antitrust Banking Bitcoin BitLicense Broker-Dealer CBDC CFTC Cryptoassets Cryptocurrency CSIRO DAO EBA Enforcement ESMA Ethereum Ethics Exchange Token Exchanges FCA FINMA FINRA FinTech GDPR ICO ICO Litigation Innovator License Intellectual Property Legislation Litigation Money Laundering OFAC Pharma Privacy Real Estate Sandbox SEC Securities Security Token Smart Contracts Supply Chain Tax Touting Trademark Use Case Utility Token Location Select Category Africa Australia Bahamas Cambodia China Denmark Dubai EU Germany Hong Kong India Indonesia International Japan Lithuania Malaysia New York Pakistan Philippines Poland Saudi Arabia Singapore South Korea Sweden Switzerland Thailand UK Ukraine US Venezuela Recent Consensys Sues SEC Over the Issue of Whether Ether is a Security 2 May 2024 By David Zaslowsky 7 Mins Read Last week, we reported that two crypto industry groups sued the United States Securities and Exchange Commission seeking… Crypto Industry Groups Sue SEC, Seeking to Strike Down Revisions to the Dealer Rule 30 April 2024 By David Zaslowsky 3 Mins Read The tension between the crypto industry and the United States Securities and Exchange Commission over the issue of… Bipartisan Bill to Regulate Stablecoins Introduced in U.S. Senate 24 April 2024 By David Zaslowsky 2 Mins Read On April 17, 2024, Republican Senator Cynthia Lummis and Democratic Senator Kirsten Gillibrand introduced the bipartisan Lummis-Gillibrand Payment Stablecoin… Phase 2 of Amendments to Singapore Payments Legislation Comes into Force Expanding Licensable Activities 22 April 2024 By Stephanie Magnus , Eunice Tan , Ying Yi Liew and Darren Yang 1 Min Read This blog entry focuses on Phase 2 of amendments to Singapore payments legislation. It expanded of the scope… US Court Refuses To Dismiss Proposed Class Action Against BitMEX Founders 11 April 2024 By David Zaslowsky 6 Mins Read BitMEX is a cryptocurrency exchange and derivative trading platform. It is owned and operated by HDR Global Trading… U.S. Court Dismisses Rico Lawsuit Brought In Connection With Nomad Bridge Hack 8 April 2024 By David Zaslowsky 5 Mins Read In 2021, Illusory Systems, Inc. developed a cross-chain bridge known as the Nomad Bridge. A bridge” is a… Load More Facebook Twitter YouTube LinkedIn © Copyright 2024 – Disclaimers Privacy Statement Attorney...