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White House Releases Fact Sheet on Digital Asset Development

USA - October 5 2022 The White House released a Fact Sheet on September 16, 2022, issuing the “First-Ever Comprehensive Framework for Responsible Development of Digital…

Robert J. Rhatigan, Paul Leonardo Capuano, Andrew J. Schaffer, Timothy Spangler

Federal Reserve Board of Governors Issues Guidelines for Federal Reserve Account Service Access and Additional Crypto-Related Guidance

USA - September 12 2022 The Board of Governors of the Federal Reserve System (Federal Reserve) approved final guidelines (Guidelines) on August 15, 2022, to be used by…

Robert J. Rhatigan, Paul Leonardo Capuano, Corey F. Rose, Andrew J. Schaffer, Timothy Spangler

FDIC Issues Cease and Desist Letter to Voyager Digital, LLC; Fact Sheet on Deposit Insurance and Cryptocurrency

USA - August 4 2022 The Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System (Board of Governors) issued a joint letter (Joint…

Robert J. Rhatigan, Paul Leonardo Capuano, Corey F. Rose, Andrew J. Schaffer, Timothy Spangler

New York State Department of Financial Services Issues Guidance Addressing USD-Backed Stablecoins; Proposed Responsible Financial Innovation Act Addresses Similar Concerns

USA - July 6 2022 The New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris issued new DFS Regulatory Guidance (Guidance) on June 8…

Robert J. Rhatigan, Andrew J. Schaffer, Timothy Spangler, Cindy Wu

A U.S. Central Bank Digital Currency? The Federal Reserve Opens the Discussion

USA - February 10 2022 The Board of Governors of the Federal Reserve on January 20, 2022, published a Discussion Paper (the “Paper”) concerning the possibility of creating…

Robert J. Rhatigan, Paul Leonardo Capuano, Andrew J. Schaffer, Timothy Spangler, Cindy Wu