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10 Key Points of the Lummis-Gillibrand Crypto Bill

On June 7, Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) unveiled the long-awaited 69-page draft of the Lummis-Gillibrand Responsible Financial Innovation Act (“Act”). The Act is meant to create a regulatory framework for digital assets, pioneer legal reform and regulation across various regulatory entities, and update current laws with language regarding digital assets. All cryptocurrency […]

| 6 min read | Tagged: , , , , , ,

FBI Seizes $4.275 Billion in Stolen Cryptocurrency

By: Charles Gianelloni, Las Vegas Partner and Eddie Curry, Las Vegas Diversity Writing Intern (Curry is not admitted to practice law) On February 8, 2022, two individuals were arrested for conspiracy to launder cryptocurrency stolen during the 2016 hack of Bitfinex, a Hong Kong-based virtual currency exchange. According to court documents, Ilya Lichtenstein, 34, and […]

| 2 min read | Tagged: , , ,

SEC Forms New ‘FinHub’ Office for Public Engagement in FinTech

The U.S. Securities and Exchange Commission recently announced the launch of a new office called the “Strategic Hub for Innovation and Financial Technology” (“FinHub”). The SEC aims to provide resources to effectively handle public engagement relating to FinTech. Previously, several working groups at the SEC focused on FinTech matters. The SEC hopes that the FinHub […]

| 2 min read | Tagged: , , , ,
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