PublicationsInsights on Current Policy Issues

  • August 13, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

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  • April 19, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

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  • February 5, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

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In the News

Articles featuring Williams & Jensen and our team

James Ramage, Traders Magazine Online News, March 6, 2009

A recent House of Representatives' bill that many on Wall Street believe would destroy liquidity will never pass, according to industry experts.

The bill-H.R. 1068: Let Wall Street Pay for Wall Street's Bailout Act of 2009-is heavily flawed, lacks sufficient support on the Hill and has already failed in an earlier incarnation, they added. As written, the bill would tax each buy and sell transaction for equities, options and futures by up to 25 basis points.

"I can't believe [a transaction tax] will get any traction," Duncan Niederauer, chief executive of NYSE Euronext, told an audience on Tuesday at the Museum of American Finance. "I can't believe that would find its way to even a vote."

If it passes, the transaction tax would kill the thin-margin high-frequency trading business, which many say represents an estimated two-thirds of the daily volume in equities.

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  • Bair, Bernanke see damage to small banks, consumers
  • FDIC seeks change to Fed's proposed debit fee crackdown
  • Some lawmakers seek delay to Fed rule (Rewrites with comments from a lobbyist, lawmaker, and a banking expert)

By Dave Clarke and Clare Baldwin

WASHINGTON/NEW YORK, Feb 17 (Reuters) - U.S. bank regulators conceded some flaws in plans to force banks to cut billions of dollars in debit card processing fees, raising the prospect that the Federal Reserve might soften its stance.

The comments made on Thursday marked a small gain in the financial industry's fight to roll back parts of the Dodd-Frank financial reform law, also a major priority for Republicans in the new Congress. [ID:nN17119262]

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PublicationsInsights on Current Policy Issues

  • August 13, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

    Read...

    Read More
  • April 19, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

    Read...

    Read More
  • February 5, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

    Read...

    Read More

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