Compliance Hot Spots: Crypto Executive Order 'Both a Landmark and a Question Mark' + SEC Cyber Rules Up Pressure on In-House Counsel + Brownstein Reps RNC in Subpoena Dispute
President Joe Biden's executive order on cryptocurrency directs a range of federal agencies to study and assess a litany of issues related to digital assets, including cybersecurity, money laundering and climate impact.
March 16, 2022 at 03:15 PM
10 minute read
Compliance Hot Spots
Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends. Today, we'll examine the impact of President Biden's long-awaited executive order on cryptocurrency. Plus, new SEC rules on cybersecurity have legal chiefs nervous. Are you planning on reading Bill Barr's new book? Let me know why or why not. Contact me at [email protected] and @AGoudsward on Twitter.
The White House in Washington, D.C. at night. Photo: Diego M. Radzinschi/ALM Crypto Executive Order 'Both a Landmark and a Question Mark'
The Biden administration released its long awaited executive order on cryptocurrency last week, directing a range of federal agencies to study and assess a litany of issues related to digital assets, including cybersecurity, money laundering and climate impact.
Using a favorite term in the executive branch, President Joe Biden directed a "whole-of-government approach" to the issue, committing the United States to be a global leader in the rapidly expanding industry, but also exploring ways to bring cryptocurrency under a regulatory framework.
"It was long anticipated and we were hoping for this to come out in terms of the executive office taking leadership and trying to figure out how we regulate, supervise and basically get a good handle over digital assets," Arnold & Porter Kaye Scholer partner Amber Hay said on the firm's TMT Time podcast.
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- Kirkland & Ellis
- Arnold & Porter
- Gibson, Dunn & Crutcher
- Munger, Tolles & Olson
- McGuireWoods
- Boies Schiller Flexner
- Baker Botts
- Quinn Emanuel Urquhart & Sullivan
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- Dentons
- Hogan Lovells
- Cooley
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