On April 28, 2022, the New York State Department of Financial Services (DFS) issued guidance on the use of blockchain analytics for virtual currency businesses licensed under 23 NYCRR part 200 (also known as a BitLicense) or chartered as limited purpose trust companies under the New York Banking Law (collectively,...
The Web3 community has long expressed frustration at the lack of clarity emanating from the SEC regarding the treatment of cryptocurrencies and other digital assets under current securities laws, with many characterizing the agency’s activities as “regulation by enforcement.” The community now has an important ally in the so-called Congressional...
