Neel Maitra

2 months ago | jdsupra.com | Brenden Carroll |Neel Maitra |Mark D. Perlow

The first week of the Trump administration saw notable developments in U.S. crypto regulation. The U.S. Securities and Exchange Commission created a new “Crypto Task Force,” rescinded controversial staff accounting guidance around crypto custody and issued new guidance on the same topic. Meanwhile, President Trump issued an executive order that promises a comprehensive re-examination of U.S. crypto regulation.

Jan 8, 2025 | jdsupra.com | Patrick Goebel |Philippa List |Neel Maitra

The Second Part of MiCA entered into application on December 30, 2024 – CASPs and public offers of crypto-assets other than ARTs and EMTs fall within the scope of MiCAMiCA¹ regulates the issuance of crypto-assets in the European Union (EU) as well as the providers of certain services in relation to crypto-assets. Unique and non-fungible crypto-assets, as well as crypto-assets qualifying as financial instruments within the meaning of MiFID² are excluded from the scope of MiCA.

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 28, 2024 | jdsupra.com | Patrick Goebel |Neel Maitra |Christine Renner

Key Takeaways The first phase of the Markets in Crypto-Assets Regulation (MiCA) applies from 30 June 2024. Issuers of asset-reference tokens (ARTs) must be authorized in the EU, which includes submitting a detailed application and meeting specific compliance obligations.

May 28, 2024 | jdsupra.com | Linda Ann Bartosch |Neel Maitra |Mark D. Perlow

The United States House of Representatives voted 279-136 to pass the Financial Innovation and Technology for the 21st Century Act (“FIT21”), on Wednesday, May 22, 2024. FIT21 is the first crypto-related legislation to clear one of the chambers of Congress, and the bipartisan support the bill has attracted in the House has led to favorable comment on its chances of passage in the Senate. FIT21 would make sweeping changes to the regulation of crypto assets, markets, and market participants.