The Illinois Department of Labor (IDOL) recently adopted new regulations governing several provisions under the Illinois Wage Payment and Collection Act (IWPCA).
Weekly Focus:
Coinbase Submits Form S-1 to the Securities and Exchange Commission
CME Announces Ethereum Futures Product Launch in February 2021
Paxos Conducts $142 Million Series C Raise
FinCEN Issues Notice of Proposed Rulemaking with New Recordkeeping and Reporting Requirements for Digital Asset Transactions
Figure Applies for OCC Charter
Compound Releases Whitepaper Describing Product to Add Interoperability Between Chains
Germany Legalizes Electronic Securities on the Blockchain
CFTC Releases Digital Asset Primer
On December 17, 2020, the CFTC announced a 36-slide Digital Assets Primer. The Digital Assets Primer seeks to build on a prior 2017 release that focused on virtual currencies. This update describes the market more broadly, addressing not just virtual currencies but “smart contracts and other digitized representations of value or ownership” according to Brian Trackman of LabCFTC. The primer provides a high-level overview and explains the CFTC’s views