Douglas K. Yatter

Dec 23, 2024 | jdsupra.com | Douglas K. Yatter

As AI use proliferates, the advisory reminds CFTC-regulated entities of their existing obligations and the CFTC’s intention to monitor for ongoing risks. On December 5, 2024, the staff of the Commodity Futures Trading Commission’s (CFTC) Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants published an advisory on the use of artificial intelligence (AI) in CFTC-regulated derivatives markets (the Advisory).

Nov 2, 2023 | lexblog.com | Parag Patel |Eric Volkman |Douglas K. Yatter |Deric Behar

A proposed rule would increase Treasury’s insight into non-US crypto mixing transactions to combat illicit activities by malicious actors. By Parag Patel, Eric S. Volkman, Douglas K. Yatter, and Deric BeharOn October 19, 2023, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that would designate as a “primary money laundering concern” all non-US convertible virtual currency[1] mixing (CVC mixing).

Sep 20, 2023 | lexology.com | Ghaith Mahmood |Nima H. Mohebbi |Stephen Wink |Douglas K. Yatter |Adam Zuckerman |Luca Marquard | +1 more

In its second action involving NFTs, the SEC targets an offering tied to fundraising and promises of future value. On September 13, 2023, the Securities and Exchange Commission (SEC) issued a cease-and-desist order (the Order) against Stoner Cats 2, LLC (SC2) for an alleged unregistered securities offering relating to SC2’s sale of $8.2 million worth of non-fungible tokens (NFTs).

Aug 29, 2023 | lexology.com | Ghaith Mahmood |Nima H. Mohebbi |Stephen Wink |Douglas K. Yatter |Adam Zuckerman |Deric Behar

In its first enforcement action involving NFTs, the SEC focused on issuer marketing that promised outsized returns on investment and platform building. On August 28, 2023, the Securities and Exchange Commission (SEC) issued a cease-and-desist order (the Order) against a Los Angeles media and entertainment company (the Company) for an unregistered securities offering relating to its sale of $29.9 million worth of non-fungible tokens (NFTs)[1].

Jul 25, 2023 | lexology.com | Jack Barber |Jenny Cieplak |Benjamin Naftalis |Stephen Wink |Douglas K. Yatter |Adam Zuckerman | +2 more

A bifurcated decision in a highly anticipated digital assets enforcement action may not provide the clarity that market participants want or need. On July 13, 2023, Judge Analisa Torres of the US District Court for the Southern District of New York issued an order on motions for summary judgment in the civil enforcement action brought by the Securities and Exchange Commission (SEC) on December 22, 2020, against Ripple Labs Inc.