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Our Snell & Wilmer team posts updates and news about the opportunities and challenges companies face regarding blockchain technology and digital currencies.
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10 Key Points of the Lummis-Gillibrand Crypto Bill
On June 7, Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) unveiled the long-awaited 69-page draft of the Lummis-Gillibrand Responsible Financial Innovation Act (“Act”). The Act is meant to create a regulatory framework for digital assets, pioneer legal reform … Continue reading
Posted in Blockchain, Crypto, Securities and Exchange Commission
| Tagged blockchain, CFTC, crypto, digital asset, digital currency, SEC, stablecoin
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Federal Judge Says CFTC Can Regulate Virtual Currencies
On March 6, a Federal District Court in the Eastern District of New York entered a 79-page order that provides the Commodity Futures Trading Commission (CFTC) the power to pursue virtual currency fraudsters. Judge Weinstein held that the CFTC has … Continue reading