Despite the recent challenges in the digital assets sector, optimism and opportunity continue to describe the projects we are seeing in the market. This edition of the Digital Assets Download features “10 Key Questions” answered by Mayer Brown’s Chris Chapman where he highlights some positives that have come out of recent market events. We also feature part 2 of a series on the treatment of crypto assets in US bankruptcies. And, lastly, if you have no idea why FUD is a bad thing, check out our “Lingo” for this edition.
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
European Banks Launch ‘Sustainable’ Blockchain Platform for Digital Bonds
Binance, CEO Zhao Sued by CFTC Over 'Willful Evasion' of US Laws, Unregistered Crypto Derivatives Products
Komainu to Offer Segregated Crypto Collateral Product for Institutions
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
US SEC’s Insider Trading Case Is Coming to a Close
Brazilian Investment Bank Unveils Dollar-Backed Stablecoin
Swiss Government-Owned Bank to Offer Customers Crypto
Crypto Exchange Commits to Tougher Rules Required by Canada
Singapore Plans New Crypto Guidance for Banks on Vetting Clients
Dubai Asks Crypto License Applicants for More Information
New York Finance Regulator Says Signature Bank’s Closure Not Related to Crypto
Hong Kong’s Crypto Ambitions Get a Boost From US Crackdown
EU's New Crypto Asset Rules Don't Go Far Enough - ECB's McCaul
Select Events
Selected events for deeper dives into different parts of the digital assets and DeFi world.
Navigating US Agency Subpoenas: Tips for a Fintech’s First Time
A diverse array of federal regulators—including the Federal Trade Commission (“FTC”), Securities and Exchange Commission (“SEC”), and the Consumer Financial Protection Bureau (“CFPB”)—have been actively looking into the fintech industry under the Biden Administration, and that scrutiny has only increased in light of recent high-profile corporate failures. Because one of the first steps in any investigation is to send a subpoena, fintech industry professionals should know what to expect and how to navigate the early stages of a government probe.
Learn the Lingo
FUD – “Fear, Uncertainty and Doubt”
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.