Senators Introduce Joint Resolution on Revoking DeFi Broker Reporting Regulations
On January 21, 2025, Senator Ted Cruz (R-TX), writing for himself and Senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN), Thomas Tillis (R-NC), Tim Sheehy (R-MT), and Ted Budd (R-NC), introduced a joint resolution to the Senate Finance Committee to challenge broker reporting regulations for non-custodial brokers.
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SEC rescinds SAB 121—What it Means for Financial Institutions and Crypto Exchanges
On January 23, 2025, the Securities and Exchange Commission rescinded the controversial SAB 121, which had been seen as a major barrier to banks offering crypto custody services.
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President Trump Signs Executive Order to Form Working Group With Stated Goal of Making the US the ‘World Capital’ of Crypto, AI
On Thursday, January 23, 2025, President Trump addressed the World Economic Forum in Davos, Switzerland, pledging that the United States will become “the world capital of artificial intelligence and crypto."
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Crypto Week in Review (January 20–24, 2025)
The Trump administration’s first week back in office was marked by a flurry of crypto-related activity among regulators, lawmakers, and the market itself. Here’s what you need to know since Inauguration Day.
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Crypto Regulatory Updates
- New SEC Crypto Task Force Led by Commissioner Hester Peirce: Key Takeaways and Path Forward
- Looking Under the Hood of $TRUMP's Legal Strategy
- IRS Final Broker Reporting Regulations for DeFi
- Tokenized Real-World Assets: Pathways to SEC Registration
- Partner Mark Jansen Cited in USPTO Report to Congress on NFTs
- Q3 2024 Crypto Litigation and Enforcement - Key Takeaways and Updates
- Q3 2024 Quarter in Review Webinar (Registration Required)
- H1 2024 Crypto Litigation and Enforcement - Key Takeaways and Updates
- Q1 2024 Quarter in Review Webinar (Registration Required)
- SEC Finalizes “Dealer” Regulation – Uncertain Impact to Cryptoasset Market Participants
- FASB Issues Significant Update on Accounting for Crypto Assets
- SEC’s Crypto Accounting Bulletin Determined Procedurally Deficient
- Fenwick Writes Comment Letter Regarding the Taxation of Digital Assets to the Senate Committee on Finance
- IRS Releases Proposed Regulations on Digital Asset Transaction Reporting
- IRS Issues Revenue Ruling 2023-14 on Staking
- SEC v. Ripple Labs: Securities Law Analysis Under Howey Applied On A Transaction-By-Transaction Basis
- Exploring Legal and Regulatory Considerations for DAOs
- Navigating Taxation Challenges and IRS Audits in the Current Web3 Landscape
Where to Find Us
Developments in Securities Litigation and Enforcement in 2024
January 28, 2025
The San Francisco Bar Association's annual Securities Litigation Symposium will provide background and updates on significant changes in securities litigation. Fenwick securities enforcement partner and co-lead of the firm’s blockchain practice, Mike Dicke, will participate in a panel titled, "How the Crypto Legal Landscape is Evolving." Register for this event.