Alexander Kim

2 months ago | mondaq.com | Daniel Davis |Alexander Kim |Trisha Sircar |Carolyn Jackson

Katten's Financial Markets and Funds Quick Take isa monthly newsletter highlighting key noteworthy developmentspotentially affecting financial markets and funds. By Daniel Davis, Alexander KimPublished by Bloomberg Law, the article looks at therecent decision by the US Court of Appeals for the Fifth Circuit inthe case of Van Loon v. US Treasury and its significantimplications for blockchain technology, particularly concerning thedistinction between mutable and immutable smart contracts.

2 months ago | pwmnet.com | Dan Davis |Alexander Kim |Nigel Green |Elisa Trovato

The regulatory framework will determine the success or failure of an often-controversial digital asset class with the potential to transform portfolio management. Speaking as the then-Republican presidential nominee at the Bitcoin Conference in Nashville, Tennessee in July 2024, Donald Trump pledged to make America “the crypto capital of the planet and bitcoin superpower of the world”.  Following his election victory, bitcoin reached record highs above $100,000.

Jan 16, 2025 | jdsupra.com | Stephen Morris |Daniel Davis |Alexander Kim

Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds. To read more issues of Katten's Financial Markets and Funds Quick Take, please click here.

Dec 31, 2024 | jdsupra.com | Alexander Kim

Three digital asset organizations have jointly filed a lawsuit challenging the Internal Revenue Service’s (IRS) new digital asset broker reporting rule.[1] The complaint, filed in the Northern District of Texas on December 27, the same day the IRS issued the final rule, alleges that the rule not only exceeds the IRS’s statutory authority but also violates the Fourth and Fifth Amendments of the Constitution.[2] The new IRS rule requires “digital asset middlemen” to collect and report detailed...

Nov 20, 2024 | mondaq.com | Alexander Kim |Carl Kennedy

The 2024 US presidential elections may signal a shift in the Commodity Futures Trading Commission's (CFTC or Commission) regulatory and enforcement approach. Under the incoming Trump administration, the CFTC could steer toward a more cooperative relationship with regulated entities, representing a potential shift in regulatory approach.