Digital Assets Download - Ripple Effects
For the Uninitiated: Digital Assets Download is a curated mix of insights and headlines that provide a Layer 3 Legal Perspective™ on the digital assets multiverse—created by Mayer Brown’s global Digital Assets, Blockchain & Cryptocurrency group. (Check out all of our previous editions of the Digital Assets Download.)
The Lead Block
News Node
Ripple Didn’t Win, but It Definitely Didn’t Lose: Where the SEC Case Goes Next
Crypto Firms Facing US SEC Charges Find Hope in Ripple Ruling, Experts Say
Societe Generale Unit Gets France’s First Crypto License
Student Credentials on the Blockchain: North Dakota opts in for Digital Wallets
US Crypto's Future Could Fall on These 4 Digital Asset Bills
UK Government Rejects Proposal to Classify Crypto as Gambling
Binance Expected to Launch Crypto Services in Japan by August
Bank of Italy Taps Decentralized Finance Project of Polygon (MATIC), Fireblocks to Help Banks Dabble With Tokenized Assets
Singapore Court Says Crypto is a Property That Can Be Held by Trust
Putin Signed Digital Ruble Law Making a CBDC Possible in Russia
European Union Stablecoin Issuers with Bank Assets Will Get Extra Regulation, Banking Authority Says
Wholesale CBDC Would Improve Cross-Border Payments, Banque de France Tests Show
Bahamas Payment Platform Island Pay is Latest to Offer Crypto Remittance
Binance Withdraws Application for Crypto License in Germany
Crypto Bills to Face Congressional Committee Vote
Select Events
Selected events for deeper dives into different parts of the digital assets and DeFi world.
US House of Representatives – "The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem”
The Financial Services Committee of the US House of Representatives held a hearing on June 13, 2023 discussing leadership of the global digital asset financial system.
"Securities Offering and Private Placement Developments: A Prolific, Controversial Year of Rulemaking" at the Alternative Finance Summit 2023
On Tuesday, September 26, 2023, Mayer Brown partner, Anna Pinedo, will speak at the Alternative Finance Summit 2023: Fintech, Blockchain, and Crowdfunding at PLI New York in New York City. Her panel, “Securities Offering and Private Placement Developments: A Prolific, Controversial Year of Rulemaking,” will discuss topics including SEC strategy on blockchain issues and SEC crypto enforcement lawyer staffing up. For more information, please visit the summit website.
Learn the Lingo
Ripple and XRP
Ripple is a blockchain-based digital payment network. One of Ripple's main functions is to serve as a payment settlement system that is used by financial institutions to settle cross-currency transactions.
XRP is the native digital token of the Ripple network. XRP serves as a mechanism of exchange between two currencies or networks, and is used as a temporary settlement medium that allows transactions to settle on the Ripple network in an average time of three to six seconds (according to Ripple).
Writing on the Wall, Translating ‘Crypto’ Terms with Mayer Brown
From Airdrop to Wrapped Token, our illustrated glossary, “Writing on the Wall, Translating Securities with Mayer Brown,” has been updated with additional digital assets and cryptocurrency terms. Check out our “featured” list for the crypto terms and the full list of terms.