Banking organizations must ensure that a tokenized security confers identical legal rights as its non-tokenized counterpart to qualify for the same capital treatment as the non-tokenized ...
The OCC finalized a rule clarifying that national trust banks may engage in non-fiduciary activities but left open the question of whether a national trust bank must engage in a minimum a...
The OCC proposed a rule that would eliminate any uncertainty as to whether national trust banks can engage in non-fiduciary activities. If adopted, the proposal would align language in th...
The Federal Reserve and FDIC took actions last week designed to facilitate crypto-related activities. The Federal Reserve rescinded its anti-crypto 2023 policy statement and replaced it w...
Davis Polk partner Joe Hall and associates Boaz Goldwater and Justin Levine authored the “United States” chapter in the seventh edition of the Legal 500’s Blockchain & Crypto Assets...
President Trump entered the White House in January 2025 promising to make the United States the “Crypto Capital of the World.” The federal agencies and Congress are responding with un...
The President has signed the bipartisan GENIUS Act – a landmark stablecoin bill – into law. Our client update breaks down the key provisions of the GENIUS Act and includes charts summ...
The Senate just passed the bipartisan GENIUS Act, a landmark stablecoin bill, by a 68-30 vote. Attention now turns to whether and how the House of Representatives will advance its version...
The SEC has moved with stunning alacrity to put crypto regulation on a sustainable footing. Even as Congress continues to work on a market structure bill, there is still room for addition...
