New York Attorney General Proposes Novel Crypto Legislation
Earlier this month, New York Attorney General Letitia James proposed the Crypto, Protection, Transparency, and Oversight Act (CRPTO Act)...
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SCOTUS Clarifies that the FSIA Provides Immunity to Sovereigns in Only Civil Cases, but Suggests Common-Law Immunity to Prosecution May Still Apply
On April 19, 2023, the United States Supreme Court in Turkiye Halk Bankasi v. United States held that the Foreign Sovereign Immunities...
Setting the Stage for a Massive Expansion of Federal Cybersecurity Regulation
The White House issued a strategy document this week signaling its intent to pursue an aggressive expansion of compulsory federal...
Federal Reserve Board Denies Application of Crypto-Focused Bank “Custodia” over Money Laundering and Terrorism Financing Concerns
On January 27, 2023, the Federal Reserve Board (FRB) announced its denial of Custodia Bank, Inc.’s (Custodia) application—a...
OFAC Redesignates “Tornado Cash” as US Regulators Continue Targeting Virtual Currency
On August 8, 2022, the US Treasury Department’s (Treasury) Office of Foreign Assets Control (OFAC) announced that it designated the...
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