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.
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In addition, the Digital Assets Download features curated headlines and news from around this multiverse – including deals, developments and other disruptions in DeFi – as well as selected upcoming events for deeper dives into different parts of the digital assets and DeFi world.
Lastly, for those new to the digital assets and DeFi world, each edition of the Digital Assets Download will highlight a different “term of art” to help you be a part of the conversation.
The Current Edition
A highlight of the current edition of the Digital Assets Download.
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HOUSE PASSES DIGITAL ASSET MARKET STRUCTURE LEGISLATION: FINANCIAL INNOVATION AND TECHNOLOGY FOR THE 21ST CENTURY ACT (FIT21)
The passage of FIT21 by the House of Representatives marked an important milestone in the development of a federal regulatory regime for digital assets in the United States, as it is the first time a chamber of Congress has passed major digital asset legislation. In addition, the strong bipartisan vote for FIT21 demonstrates significant support in Congress for digital asset legislation. Even with the strong support for FIT21 in the House, however, the bill’s future remains uncertain. In this Legal Update, we provide a summary of FIT21 and its key provisions.
SEC APPROVES LISTINGS OF SPOT ETHER ETFS: WAITING IS THE HARDEST PART
On May 23, 2024, the Staff of the Securities and Exchange Commission’s Division of Trading and Markets approved rule changes (so-called “19b-4 forms”) permitting the listing and trading of eight separate exchange-traded funds that invest in ether, the main crypto asset supporting the Ethereum blockchain. This approval comes just a few months after spot bitcoin ETFs were approved by the SEC and began trading in the United States. However, the approval does not mean these ETFs will be immediately open to investors or traded in the United States. In this Legal Update, we look at several key questions related to these spot ether ETFs, including when they may start trading and what this means for future crypto-related investment products.
Learn More in the Current Edition
- Stablecoins
$160 Billion
Global Market Capitalization as of June 27, 2024
Source: rwa.xyz - Mayer Brown Digital Assets Team
Tier 1 in Fintech and Fintech: Crypto
Legal 500
News Node
A curated selection of headlines and news from around this multiverse—including deals, developments and other disruptions in DeFi.
Chief Author Behind President Biden’s Crypto EO Rejoins Administration
US SEC Ends Probe Into Consensys, Won't Sue Over Ethereum 2.0
Broadridge’s Distributed Ledger Repo platform transacts $1 Trillion a Month
Ether ETFs Should Be Fully Approved by September, Says US SEC Chair Gensler
Financial Services Company Doubles Down on Crypto With $200 Million Deal for Bitstamp
Kansas City Fed Explores Cost of Stablecoin Insurance
New Documents Show US SEC’s Concerns About Crypto Company Aiming for IPO
Crypto Company’s Stablecoin to Benefit From EU Rule Shift, Analyst Says
Moody’s Assigns ‘A-bf’ Rating for OpenEden’s Tokenized Fund
Brazil's Tax Authority to Summon Foreign Crypto Exchanges for Information
Paradigm Raises $850 Million to Invest in Early-Stage Crypto Projects
NBCUniversal Will Continue Building on Aptos via Long-Term Agreement
Mayer Brown Receives Top Rankings in Legal 500 US 2024; Tier 1 in Fintech and Fintech: Crypto
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