Tagged: jeffrey alberts

Pryor Cashman Partner Calls US Federal Regulators Statement on Crypto and Banking a Reversal of Administration’s Digital Asset Policy

This past week, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the US Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement cautioning banks on their activities that involve digital assets (crypto). The joint statement… Read More

Legal: Top Attorneys Comment on Kim Kardashian’s Crypto Promotion Penalty Courtesy of the SEC

Yesterday, as was widely reported, well-known celebrity and influencer Kim Kardashian settled an enforcement action brought by the Securities and Exchange Commission (SEC). The infraction had to do with an Instagram post for EthereumMAX, the issuer of the EMAX token. The post, which was tagged… Read More

Just the Beginning: Digital Asset Insider Trading Arrest Foreshadows More Enforcement Actions Coming

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

It was reported earlier that the US Department of Justice had announced its first arrest and pending case against an individual that utilized insider information to trade digital assets. A former OpenSea manager has been charged with leveraging his position and insider knowledge at the… Read More

Jeffrey Alberts, Co-Head of Pryor Cashman’s Fintech Group, Comments on Digital Asset Executive Order

Last week, the White House issued an Executive Order on digital assets that outline an approach to regulating the emerging industry. While many details remain to be disclosed, and multiple agencies will be involved in building a regulatory strategy, the crypto industry was relieved that… Read More

Attorney Who Specializes in Crypto Says OCC Statement on Stablecoins is a “Game Changer”

The Office of the Comptroller of the Currency (OCC) issued an interpretive letter this week regarding the ability of national banks and federal savings associations to utilize stablecoins. The OCC concludes that a national bank or federal savings association may validate, store, and record payments… Read More

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