Dale Beggs

Jul 1, 2024 | law360.com | Neel Maitra |Dale Beggs

By Neel Maitra and Dale Beggs (July 1, 2024, 11:57 AM EDT) -- Has the tide turned for the U.S. crypto industry? Crypto market participants looking for a legislative solution to the industry's regulatory troubles may have found reason to cheer when the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act, or FIT21, on May 22.... Law360 is on it, so you are, too.

Jun 13, 2024 | jdsupra.com | Linda Ann Bartosch |Dale Beggs |Paul Capuano

More clearly define crypto asset regulatory boundaries for Securities and Exchange Commission (“SEC”) and Commodity Futures Trading Commission (“CFTC”), providing statutory definitions for “restricted digital assets” and “digital commodities.” For the first time, give the CFTC plenary jurisdiction over spot trading in digital commodities, instead of the limited jurisdiction the CFTC now has over such spot commodities. Please see full publication below for more information.

Feb 9, 2024 | jdsupra.com | David Bartels |Robert Leonard |Dale Beggs

Key Takeaways The SEC dropped the most controversial provisions, but still significantly expanded the reach of the “dealer” definition. Persons that engage in trading activity that resembles market-making may now have to register as “dealers” and be subject to the corresponding regulatory requirements, regardless of whether they have customers. Registered investment advisers, hedge funds and other private funds are not excluded and may also be “dealers” under the rule.