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2 months ago | 
mondaq.com | Matthew Bisanz |Joseph A. Castelluccio |Kimberly Hamm |Andrew Olmem
Just four days after his inauguration, President Donald Trumphas initiated a fundamental shift in federal policy on digitalassets with a series of actions that set the stage for theestablishment of a regulatory regime for digital assets. Theseactions signal that reforming digital assets regulation will be atop priority for the new administration.
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2 months ago | 
jdsupra.com | Matthew Bisanz |Joseph A. Castelluccio |Kimberly Hamm
WHAT THIS MEANS FOR BANKS, FINANCIAL SERVICES AND THE DIGITAL ASSETS SECTORJust four days after his inauguration, President Donald Trump has initiated a fundamental shift in federal policy on digital assets with a series of actions that set the stage for the establishment of a regulatory regime for digital assets. These actions signal that reforming digital assets regulation will be a top priority for the new administration.
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Jan 8, 2025 | 
jdsupra.com | Matthew Bisanz |Kiel A. Bowen |Todd N. Bundrant
EXECUTIVE SUMMARYSection 23A of the Federal Reserve Act and its implementing regulation, Regulation W, impose restrictions on banks concerning “covered transactions” with their affiliates. With the increasing intertwining of banking institutions and private investment funds, understanding the implications of Regulation W is more critical than ever.
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Dec 18, 2024 | 
jdsupra.com | Matthew Bisanz
Mayer Brown partner Matt Bisanz interviews Patrick Quinn about his experience advising a bank whose assets leapt from $10 billion to $100 billion in only a few years.
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Dec 10, 2024 | 
jdsupra.com | Matthew Bisanz |Brad Resnikoff |Kelly F. Truesdale
On December 3, 2024, the US District Court for the Eastern District of Texas entered a preliminary injunction suspending enforcement of the Corporate Transparency Act (CTA) and its implementing regulations nationwide, concluding that the CTA is likely unconstitutional as it is outside Congress’s power.
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Dec 10, 2024 | 
mondaq.com | Matthew Bisanz |Gina M. Parlovecchio |Brad Resnikoff |Kelly F. Truesdale
On December 7, 2024, the US Financial Crimes Enforcement Network (FinCEN) confirmed that reporting companies—i.e., companies that would be required to report their beneficial ownership information to FinCEN under the Corporate Transparency Act (CTA) and its implementing regulations—are not required to file beneficial ownership reports for as long as the current, nationwide injunction of the CTA remains in effect.1 Further, FinCEN noted that reporting companies will have no liability for...
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Dec 9, 2024 | 
mondaq.com | Matthew Bisanz
Citing constitutional concerns, U.S. District Judge Amos Mazzant
of the Eastern District of Texas in Sherman ordered a temporary
injunction halting certain financial reporting requirements of the
Corporate Transparency Act. He granted the motion for preliminary injunction sought by the
National Federation for Independent Businesses and numerous other
small business plaintiffs.
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Dec 5, 2024 | 
mondaq.com | Matthew Bisanz |Brad Resnikoff |Kelly F. Truesdale
On December 3, 2024, the US District Court for the Eastern
District of Texas entered a preliminary injunction suspending
enforcement of the Corporate Transparency Act (CTA) and its
implementing regulations nationwide, concluding that the CTA is
likely unconstitutional as it is outside Congress's power.
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Nov 19, 2024 | 
mondaq.com | Matthew Bisanz
Matt Bisanz interviews Bryan Mulcahey on his work with novel
charters and the new Coalition for Financial Ecosystem
Standards.
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Nov 18, 2024 | 
jdsupra.com | Matthew Bisanz
Matt Bisanz interviews Bryan Mulcahey on his work with novel charters and the new Coalition for Financial Ecosystem Standards. To embed, copy and paste the code into your website or blog:"My best business intelligence, in one easy email…"Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:By using the service, you signify your acceptance of
