LabCFTC provides a primer on Smart Contracts

Described as an “educational tool” rather than official policy, it provides an overview of the basics of blockchain smart contracts including their history, characteristics, case studies, potential use cases and perceived risks.  The primer can be found here.  The Coindesk … Continue Reading

Conclusions from the FCA’s Cryptoassets Taskforce

Chris Woolard has released a speech outlining conclusions reached by the FCA’s crypto-asset taskforce.  It’s big news given the early activity and interest shown by the agency in terms of regulating the sector.  The report is here, but some of … Continue Reading

Monetary Policy and Financial Regulation

Federal Reserve Vice Chair for Supervision Randal Quarles delivered keynote remarks at a Brookings Institutionevent on monetary policy and financial regulation. He outlined the core elements and proposed changes to the central bank’s stress testing program, which measures whether financial firms have enough money … Continue Reading

The EU faces a steep hill on crypto-regulation

I’ve done a piece revamping my analysis on Mifid for purposes of crypto-regulation on  Here are a couple of excerpts: Article 4.1 of MiFID contains the definition of transferable securities. This definition covers those classes of securities which are negotiable on … Continue Reading

My Brookings/C-span discussion of bank stress tests (and the future of financial regulation)

  I had the pleasure of speaking on a panel after a speech delivered by Randall Quarles, the Vice Chairman of Supervision for the Federal Reserve, which concerned a variety of recent developments concerning the future of financial regulation.  The … Continue Reading

William Hinman, Bryan Stirewalt, and Pradeep Belur to Join Fintech Week

Washington’s Fintech Week now welcomes the SEC’s Director of Corporate Finance, Bill Hinman (Monday), Bryan Stirewalt, Chief Executive of the Dubai Financial Services Authority (Tuesday), and the Small Business Authority’s Chief Operating Officer, Pradeep Belur (Wednesday), right before our Shark … Continue Reading

Traditional Banks are Adopting Digital Banking

The American Banker reports that  as they face intense deposit competition from online-only banks, many traditional banks are looking to turbocharge their deposit gathering by launching — or considering launching — digital banks of their own. The interesting question will … Continue Reading

Thoughts on Cybersecurity Disclosures

Cybersecurity reporting is tough.  As Wired magazine notes, “Reporting every tiny remediation to a regulator could be impractical, and might discourage organizations from looking for bugs in the first place. But some data exposures do rise to the level of … Continue Reading

Crypto-Enforcement Leads to Spike in Fintech Fines at CFTC

At a recent event in Minneapolis, CFTC chairman Christopher Giancarlo noted increased enforcement actions last year, partly due to fraudulent crypto cases.  As a consequence, enforcement actions and fines increased significantly in the last fiscal year.  The story can be … Continue Reading

Coin Desk Ranks Georgetown Among Top 10 “Blockchain Universities”

I’m absolutely delighted that Georgetown has been lauded by Coin Desk as one of the top-10 universities in the instruction of blockchain-related courses.  My brand new course on ICOs, Cryptocurrencies, and the Law earned a special mention.  The full ranking … Continue Reading