Fintech regulation: where do we stand?

Author: | Published: 2 Sep 2019

Latham & Watkins takes a deep dive into US trends to unpick the patchwork efforts to regulate tokens, blockchains and cryptocurrencies and the businesses that deal in them

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In the US, the attempts to regulate the growing cryptocurrency and token industries have perplexed regulators and legislators at federal and state levels. In the past year or so, lawmakers have made a concerted effort to better understand the potential risks and rewards in this space.

With stablecoin projects burgeoning in the US and cryptocurrencies rebounding strongly in 2019, market regulators and both federal and state legislatures have made some progress in attempting to provide legal clarity regarding the status of digital assets and cryptocurrencies (collectively, tokens) and the platforms on which they trade.

In spring 2019, the Securities and Exchange Commission (SEC) released its Framework for 'Investment Contract' Analysis of Digital Assets (Framework), which it intends to serve...