The SEC’s Crypto Task Force is investigating cross-border regulation with a collaboration deal with El Salvador. El Salvador’s National Commission of Digital Assets (CNAD) has already established collaborations with a U.S.-based real estate broker and a Salvadoran tokenization firm. Together, they’re pioneering a groundbreaking new initiative. This innovative partnership aims...
President Nayib Bukele’s administration has positioned El Salvador as a global leader in the regulation of digital assets. This transition has drawn a lot of international interest. The nation took a brave stance in adopting Bitcoin as legal tender. Its ambitious plans for a “Bitcoin City” really made it unique....
Cryptocurrencies have grown into a huge industry, worth trillions of dollars. They have mostly slipped under the regulatory radar that squeezes heavy restrictions on traditional financial institutions. No one is more alarmed by this than financial experts and regulators. Combined with the recent devastating hacks and the potential for economic...
The first few months of 2025 were tumultuous in the crypto regulation landscape. Experts in law and corporate governance, including Joseph A. Grundfest and Paul Grewal, continue to play pivotal roles as the industry adapts to these changes. As such, their experiences as regulators, academics, and former executives at crypto...
While we’re on the topic of enforcement, the U.S. government is changing its approach to all-out crypto enforcement. Now, it’s taking a more nuanced, pragmatic approach to regulating blockchain technology. This move shows good bipartisan intent to support both compliance and innovation in the growing digital asset space. If enacted,...
David Tutor, special counsel at WilmerHale’s New York office, representing the firm. He does bring a wealth of experience from his previous role as chair of the Securities and Exchange Commission (SEC). His deep experience gives him a distinct perspective on the changing regulatory framework for crypto assets and other...
After the adoption of the Markets in Crypto-Assets (MiCA) regulation, European banks have shown increasing interest in stablecoin initiatives. This regulation has opened the door to regulated stablecoin issuance across the European Union (EU).One major example is Societe Generale, which launched its euro-backed stablecoin, EUR CoinVertible, to retail investors in...
In this case, the European Central Bank (ECB) is calling for a reconsideration of the new Markets in Crypto-Assets (MiCA) regulation. This regulatory framework directly regulates the use of cryptocurrency in Europe. This request would come just months after the adoption of MiCA. This is largely motivated by fears that...
Zone is pushing for the development of a “regulated blockchain,” akin to Ethereum, with government-backed regulators in control. This initiative is designed to pair the security, transparency, and programmability of blockchain technology with the benefits of real-time, on-chain regulation. Zone’s vision is that with the advent of regulated blockchains a...
Stablecoins—digital currencies tied to real-world currencies or assets, such as the U.S. dollar—are quickly developing into a key point of contention on Capitol Hill. The $230 billion stablecoin industry would benefit greatly from Donald Trump’s promise. His vision for the U.S. would make it the world’s “crypto capital of the...
