Richard Kerr

1 month ago | jdsupra.com | Grant Butler |Win Gustin |Richard Kerr

The federal banking regulators have each recently adopted a more permissive approach to the regulation of cryptocurrency activities within the banking sector. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System (FRB) have issued new guidance that relaxes previous restrictions and requirements for banks engaging in crypto-related activities.

Feb 25, 2025 | msn.com | Melissa Klurman |Richard Kerr

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Feb 19, 2025 | mondaq.com | Gregory N. Blase |Ryan Carney |Andrew Glass |Richard Kerr

Watch NowThe new Trump administration has issued nearly 150 executiveorders, including a number impacting consumer finance and digitalassets. As a result, agencies such as the CFPB, OCC, SEC, CFTC,Treasury, and the Federal Reserve Board of Governors are allundergoing significant shifts in policy and approach in theseareas.

Jan 16, 2025 | natlawreview.com | Richard Kerr

On 14 January 2025, the Securities and Exchange Commission (SEC) announced settled charges against three investment adviser representatives for acting as unregistered brokers in the sale of membership interests in certain limited liability companies (i.e., Funds) that each purportedly owned shares of private issuers that had prospects of becoming publicly traded.

Dec 6, 2024 | jdsupra.com | Jessica Cohn |Joshua Durham |Richard Kerr

On 21 November 2024, the US District Court for the Northern District of Texas (Court) ruled against the US Securities and Exchange Commission (SEC) in two separate cases, vacating its rule which expanded the definition of securities dealers. In February 2024, the SEC adopted a rule expanding the definitions of “dealer” and “government securities dealer” to extend to market participants who provide significant liquidity to the markets (the Dealer Rule).