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 on the distinctions between digital assets, which can have a variety of uses, forms, and features, and virtual currency, which it describes as akin to a “unit of account and/or store of value.” The CFTC report also notes that “[d]epending on its design, function, and use, a digital asset may be characterized differently, including as a commodity, swap or other derivative.”