Publications
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04.17.2024CFPB Issues New Report Examining Financial and Privacy Risks to Consumers in Video Gaming Marketplaces: What Now?BlogsOn April 4, 2024, the Consumer Financial Protection Bureau (CFPB) issued a new report, titled “Banking in Video Games and Virtual Worlds” (Report), that examines the growth of financial transactions in online video games and virtual worlds.
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12.04.2023CFPB Proposes Federal Oversight of Digital Wallet and Payment App ProvidersUpdatesThe Consumer Financial Protection Bureau (CFPB) published a proposed rule on November 7, 2023, that, if finalized, would subject to its supervisory authority certain Big Tech firms and other nonbank companies operating in the payments sphere.
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09.28.2023NYDFS Proposes Updates to Guidance for Listing and Delisting Digital AssetsBlogsThe New York Department of Financial Services (NYDFS or Department) released proposed updates to its guidance on the self-certification process for listing and delisting digital assets. It also announced significant changes to the Department’s “Greenlist” of vetted digital assets.
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03.03.2023SEC Spotlights Crypto With New “Safeguarding Rule” ProposalUpdatesOn February 15, 2023, the U.S. Securities and Exchange Commission published sweeping and controversial proposed amendments to Rule 206(4)-2 under the Investment Advisers Act of 1940. The Proposed Rule reflects the SEC's growing concern about the safekeeping of digital assets by advisers and the uncertainty in the marketplace about the application of the Custody Rule.