On May 5, New York Attorney General Letitia James announced a landmark legislative proposal titled the Crypto Regulation, Protection, Transparency and Oversight (CRPTO) Act.
On August 23, the Securities and Exchange Commission (SEC) adopted new rules (Adopting Release) for private fund advisers under the Investment Advisers Act of 1940, as amended (Advisers.
Financial services providers that are subsidiaries of a non-U.S. parent (or that have received substantial direct investment from abroad) should evaluate whether they are required to.