Partner Denver Edwards Speaks At GICLI’s Eighth Annual Meeting

TRUNORTHNews

Partner Denver Edwards will speak at The Government Investigations & Civil Litigation Institute’s Eighth Annual Meeting, taking place in Miami Beach, Florida from November 7th – 9th, 2022. In A Dialogue with Heads of Litigation Managing Mass Litigation, Denver will discuss the topic of “Regulatory Oversight and Enforcement of Digital Assets.” 

CFTC Commissioner Dawn Stump Challenges the CFTC to “Do the Hard Thing” – Provide Regulatory Guidance to the Digital Asset Industry

TRUNORTHClient Alert

On January 13, 2022, CFTC Commissioner Dawn D. Stump delivered remarks at the Chamber of Digital Commerce. Commissioner Stump acknowledged that: (1) market regulators must avoid stifling beneficial market innovations by rigidly clinging to past regulatory approaches that do not fit the current paradigm of products and services offered to the public; and (2) infrastructure providers must accept regulatory oversight to assure market integrity and consumer protection.

Biden Administration Releases U.S. Strategy on Countering Corruption

TRUNORTHClient Alert

In December 2021, the White House released the “United States Strategy on Countering Corruption” (the “Strategy”). The Strategy is a follow-on document to the June 3, 2021, Memorandum on Establishing the Fight Against Corruption; (See our prior Alert regarding corruption as national security priority), which set Administration policies regarding the corrosive impact of corruption globally and directed key agencies and departments to develop strategies to attack corruption.

OCC Clarifies That Digital Asset Activities are Permissible if Safeguards are in Place

TRUNORTHClient Alert

On November 18, 2021, the Chief Counsel of the Office of the Comptroller of the Currency (“OCC”) published Interpretative Letter #1179 to clarify the Digital Asset Letters (defined below) related to the permissibility of national banks and Federal savings associations (collectively, “Banks”) to engage in cryptocurrency, distributed ledger, and stablecoin activities.