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The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) recently announced enforcement actions that reflected sweeping, and previously...
Commodity Futures Trading Commission, CFTC against a decentralized autonomous organization alleged certain automated crypto transactions conducted on a software protocol controlled and managed by a DAO was required to comply with the same registration requirements.
Privacy, both financial and personal, is a key component of life in a free society. Unlike in totalitarian or authoritarian regimes, individuals in free societies have a private sphere free of government involvement, surveillance, and control. The United States Constitution’s Bill of Rights, particularly the Fourth, Fifth, and Ninth Amendments, together with structural federalism and separation of powers protections, is designed to further that end by protecting individual rights. The current financial regulatory framework is inconsistent with these principles.
Two recent federal enforcement actions—announced the same day—have underlined the need for crypto companies to carefully consider their anti-money laundering (AML) obligations or else...
Fraud has evolved to defeat existing federal Customer Identification Program requirements. It’s time for regulators to modernize them.