Last week, Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo and CFTC Chief Economist Bruce Tuckman published a white paper analyzing the state of post-Dodd-Frank swaps regulation, making a number of recommendations for “Swaps Regulation 2.0.” Giancarlo announced the publication in a fireside chat at the International Swaps and Derivatives Association (ISDA) annual conference in … Continue reading Regulator Nodes and the Future of Swap Regulation from #Cryptodad
From Equifax to Facebook, 2017 was the year of the data breach. With five of the ten largest breaches occurring this past year, over 65 percent of the American population had their personal information either stolen, sold, or studied by a third party without their consent. Yet, according to a report presented to the Federal … Continue reading Can Blockchain Technology Offer Transparency to the Privacy & Security of Our Data?
Earlier this year, I posted a blog titled “Whether You Are Raising Capital for Bitcoins or Beavers, Securities Laws Will Apply.” The most common response we hear is “So What?!” A fair question, no doubt. The brief answer is that failure to comply with applicable state and federal securities laws can result in significant personal … Continue reading So What If My Digital Token is a Security? Personal Liability in Claims made for Rescission Damages
The irony of going online to read "Why the Internet Will Fail", published by Newsweek in 1995, about the shortcomings of the Internet and why it will inevitably fail should not be lost on anyone. Modern Luddites may say they’re too volatile, or that they’re too risky, or their implementation and startup costs are too … Continue reading Believe the Hype: Distributed Ledger Technologies Are Here to Stay
Last week, I attended the Chamber of Digital Commerce’s annual Blockchain Summit, held at Georgetown University in Washington, DC. Although there are hundreds of blockchain conferences to choose from these days, the Chamber’s summit stood out because of its focus on policy and regulation, and because of the current and former regulators and legislators that … Continue reading The DC Blockchain Policy Summit – More Suits, Less Hoodies
The main focus of the February 14, 2018, House Subcommittee on Research and Technology and the Subcommittee on Oversight hearing, “Beyond Bitcoin: Emerging Applications for Blockchain Technology,” was to gather information and get a better understanding of bitcoin and blockchain. Specifically, lawmakers attempted to garner a better understanding of the high profile cases that have … Continue reading House Subcommittees Examine Emerging Applications for Blockchain Technology
Overview: The Senate Committee on Banking, Housing, and Urban Affairs held a hearing pertaining to virtual currencies and oversight of the Securities and Exchange Commission and the Commodity Futures Trading Commission on February 6, 2018. The hearing shed some light on the potential future path for U.S. regulation of cryptocurrencies and highlighted many issues that crypto … Continue reading Senate Banking, Housing, and Urban Affairs Committee Hearing: Virtual Currencies, SEC and CFTC Oversight