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15 Dec 2022, 4:00 am by CFM Admin
December 2022 Clients, Friends, Associates: As we near the end of 2022, we have highlighted some recent industry updates that we believe may impact our clients. [read post]
3 Oct 2022, 7:52 am by Silver Law Group
Senator Lummis also co-sponsored the Responsible Financial Innovation Act with Senator Kirsten Gillibrand (D-NY), allowing even more comprehensive digital asset regulation. [read post]
6 Sep 2022, 12:21 pm by Race to the Bottom
Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced legislation on June 7, 2022 that would implement and divide oversight of the cryptocurrency market between the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”). [read post]
26 Aug 2022, 10:56 am by Klein Moynihan Turco
The Responsible Financial Innovation Act, offered in June by Senators Cynthia Lummis (Republican from Wyoming) and Kirsten Gillibrand (Democrat from New York), would, in Lummis’ words, classify a “majority” of cryptocurrencies as securities subject to regulation by the Securities and Exchange Commission (SEC). [read post]
In June, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) unveiled the Lummis-Gillibrand Responsible Financial Innovation Act, and in August, Senators Debbie Stabenow (D-MI) and John Boozman (R-AR) announced they would introduce the Digital Commodities Consumer Protection Act of 2022, with support from Senators John Thune (R-SD) and Cory Booker (D-NJ). [read post]
9 Aug 2022, 9:19 am by David Kopel
In the merits briefing, five Democratic U.S. senators—Sheldon Whitehouse (R.I.), Mazie Hirono (Haw.), Richard Blumenthal (Conn.), Richard Durbin (Ill.), and Kirsten Gillibrand (N.Y.) [read post]
2 Aug 2022, 1:57 am by Kurt R. Karst
In a related action, Senator Booker introduced, with several Senators who signed the July 6th letter sponsoring, the Cannabis Administration and Opportunity Act (S. 4591) on July 21st. [read post]
29 Jul 2022, 1:40 pm by Jon L. Gelman
Yesterday, our Republican colleagues chose to play politics with the lives and well-being of these brave men and women,” said Senator Gillibrand, Chair of the Senate Armed Services Personnel Subcommittee. [read post]
On July 21, 2022, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) each brought insider trading charges against a former Coinbase product manager, his brother and a close friend for using material non-public information (MNPI) to purchase a variety of crypto assets prior to announcements by Coinbase that the assets would be listed on the company’s platform. [read post]
22 Jul 2022, 8:55 am by Zak Gowen
Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) said that while their broader crypto regulatory framework bill won’t see a vote until 2023, one key part might be incorporated into another bill the Senate Banking Committee will vote on this year. . . . [read post]
18 Jul 2022, 11:30 pm by Aarthi Anand
On June 1, Senators Lummis and Gillibrand introduced bipartisan legislation (Loomis-Gillibrand Bill) in the Senate that expands the CFTC’s oversight of crypto-assets. [read post]
The co-sponsorship by Lummis and Gillibrand is noteworthy not only because the legislators are from different parties, but also because Lummis is a member of the Banking Committee, which oversees the SEC, and Gillibrand is a member of the Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission (CFTC). [read post]