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2 months ago | 
jdsupra.com | Isabelle Corbett Sterling |Kevin S Edgar |Jonathan Barry Forman
Key Takeaways: President Trump executed a series of Executive Orders (EOs) in the first few days of his presidency to advance United States leadership in digital assets, focusing on reversing harmful policies then establishing effective ones.
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Sep 30, 2024 | 
jdsupra.com | Kevin S Edgar
A shrinking legislative calendar and the fallout from November’s election results – no matter which party gains the upper hand in the battle for control of Congress – are likely to doom lawmakers’ efforts to pass cryptocurrency legislation this year. Still, the need for legal clarity in the industry and a new push from investors and some lawmakers are giving crypto advocates hope that next year could be the year.
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Sep 27, 2024 | 
law360.com | Michelle N. Tanney |Kevin S Edgar |Isabelle Corbett Sterling
By Michelle Tanney, Kevin Edgar and Isabelle Sterling (September 27, 2024, 3:18 PM EDT) -- On Sept. 12, the U.S. District Court for the District of Columbia ruled that the U.S. Commodity Futures Trading Commission exceeded its statutory authority in preventing KalshiEx LLC, a regulated exchange and prediction market startup, from offering derivatives contracts that take positions and trade on the outcome of the 2024 U.S. congressional elections....
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Sep 27, 2024 | 
law360.co.uk | Michelle N. Tanney |Kevin S Edgar |Isabelle Corbett Sterling
By Michelle Tanney, Kevin Edgar and Isabelle Sterling (September 27, 2024, 3:18 PM EDT) -- On Sept. 12, the U.S. District Court for the District of Columbia ruled that the U.S. Commodity Futures Trading Commission exceeded its statutory authority in preventing KalshiEx LLC, a regulated exchange and prediction market startup, from offering derivatives contracts that take positions and trade on the outcome of the 2024 U.S. congressional elections....
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Sep 20, 2024 | 
jdsupra.com | Isabelle Corbett Sterling |Kevin S Edgar |Jamie Reiner
Key Takeaways On September 12, the U.S. District Court for the District of Columbia ruled that the U.S. Commodity Futures Trading Commission (CFTC or Commission) exceeded its statutory authority in preventing KalshiEX LLC (Kalshi), a regulated exchange and prediction market startup, from offering derivatives contracts that take positions and trade on the outcome of the 2024 U.S. congressional elections.
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May 24, 2024 | 
jdsupra.com | Kevin S Edgar
Yesterday, the House passed H.R. 4763, the Financial Innovation and Technology for the 21st Century (FIT21) Act, by a vote of 279-136, including 71 votes from Democrats. The bill passed despite opposition from the White House in a Statement of Administration Policy (SAP) and opposition in a statement by U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.
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Apr 20, 2023 | 
lexblog.com | Robert Musiala |Teresa Goody Guillén |Joanna F. Wasick |Kevin S Edgar
Background and ScopeThe Assessment was drafted by Treasury’s Office of Terrorist Financing and Financial Crimes (“TFFC”), in consultation with multiple U.S. agencies, including the Departments of Homeland Security, Justice, and State; the Commodity Futures Trading Commission (“CFTC”); Office of the Comptroller of the Currency; and the Securities and Exchange Commission (“”). The TFFC also considered over 75 responses to Treasury’s requests for comments.
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Feb 14, 2023 | 
jdsupra.com | Kevin S Edgar |Teresa Goody Guillén |Veronica Reynolds
Takeaways: Two new congressional subcommittees have been created by the U.S. House of Representatives to consider issues and potential legislative action concerning cryptocurrency and digital assets. The creation of these subcommittees signals Congress’ intent to consider how digital assets are regulated, which agencies should have the authority to regulate and enforce the asset class, and the scope of any such authority.
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Feb 13, 2023 | 
lexblog.com | Kevin S Edgar |Teresa Goody Guillén |Michelle N. Tanney |Veronica Reynolds
Two congressional committees of the U.S. House of Representatives commenced the new year by announcing the creation of new subcommittees for the 118th Congress that are expected to analyze issues concerning cryptocurrency and digital assets. The creation of these subcommittees signals the potential for legislative action in the wake of jurisdictional uncertainty regarding federal agency regulation and enforcement of these assets. Real full alert.
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Feb 13, 2023 | 
lexblog.com | Kevin S Edgar |Teresa Goody Guillén |Michelle N. Tanney |Veronica Reynolds
TakeawaysTwo new congressional subcommittees have been created by the U.S. House of Representatives to consider issues and potential legislative action concerning cryptocurrency and digital assets. The creation of these subcommittees signals Congress’ intent to consider how digital assets are regulated, which agencies should have the authority to regulate and enforce the asset class, and the scope of any such authority.
