The volume of news from Washington’s regulations, stimulated by decrees and new agency leaders was impressive since Trump took office on January 20. However, the amount of movement concerning the regulation of crypto and activities related to crypto was really substantial. And therefore, in this week News and views of the firmWe have several articles approaching what happened, which, according to my count, is a good start on a collection!
The links to these articles are below, but as a person who worked on the cryptocurrency problems of the very beginning, it is breath to see things get around so quickly. (My first Fides – See my testimony in 2013 before two sub -commiters of the banks of the Senate on virtual currency here – at around 1:01.) My point of view on cryptocurrency has always been on the traditional financial side – No side “Crypto Bro” – Safety and solidity, first. I have long waited for the regulatory environment to maintain that our banking system was involved in the cryptocurrency. And, I think that the parts are starting to set up – not only has this set of modifications have been launched at the federal level, but also 25 states and the Columbia district adopted article 12 (controllable electronic files) of the Commercial uniform code (“UCC”), which allows perfection of cryptocurrency control so that the parties can be confident using the crypto at the base of secure transactions.
Cadwalader has worked with a wide variety of traditional financing companies and fintechs on chip -based projects, as well as advice on regulatory issues related to crypto, but according to our experience, to date, many banks were simply unable to move forward with cryptographic projects.
We believe that 2025 will be the year when many banks can move forward with confidence and we are impatient to help get there!
