Mayer Brown

September 16, 2022


Digital Assets Download, Powered by Mayer Brown

The Digital Assets Download resumes its bi-weekly publications – today!

That means even more of our curated mix of insights and headlines – all to provide a Layer 3 Legal Perspective™ on the digital assets multiverse. Brought to you every other Friday by Mayer Brown’s global Digital Assets, Blockchain & Cryptocurrency group.

Check out all of our previous editions of the Digital Assets Download here.

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Original Mayer Brown content, perspectives and insights from across our global platform that touch on digital assets, decentralized finance, cryptocurrencies and related fields.

What to Expect From the CFPB on Payments and Big Tech

US Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has long been focused on “big tech” and its uses of consumer data. A report recently issued by the CFPB provides important insights into how the agency (and presumably Chopra) thinks about these issues and what next steps we might expect. The report, titled “The Convergence of Payments and Commerce: Implications for Consumers,” discusses what the agency describes as three emerging use cases in the payments space, their implications for consumers, and the CFPB’s forthcoming areas of focus.

Key Considerations When Joining a Blockchain Consortium

Many blockchain technologies are developed by foundations or consortia, the members of which can be representatives of the industry hoping to create and successfully deploy the technology. The range of industries that have discovered the benefits of joining a blockchain consortium is diverse, including financial services, insurance, supply chain and logistics, transportation, healthcare and pharmaceuticals. Regardless of the industry, though, a number of common, key challenges must be addressed when creating or when joining a blockchain consortium. These include the governance of the consortium; the ownership, licensing and use of technology produced by it; and any associated antitrust claims and issues that may arise if it is to successfully launch and ensure the widespread adoption of blockchain technology within its industry.




A curated selection of headlines and news from around this multiverse—including deals, developments and other disruptions in DeFi.

US Crypto Oversight Should Resemble Traditional Bank Rules, Fed Official Says. Read More >>

DeFi Platform RedStone Raises Nearly $7M to Improve Connectivity Between Blockchains, Real-World Data. Read More >>

US Congressman Krishnamoorthi Requests Information from Federal Agencies and Crypto Exchanges on Efforts to Combat Fraud and Scams. Read More >>

Mayer Brown Partners Joe Castelluccio and Matt Kluchenek Break Down What Is Behind the Surging Demand for Crypto-Savvy Counsel. Read More >>

Singapore's Central Bank Wants to Foster Digital Assets, Restrict Crypto Speculation. Read More >>

CFTC Already Preparing to Be Crypto Watchdog, Benham Tells US Senators. Read More >>

US SEC's Gensler Holds Firm That Existing Laws Make Sense for Crypto. Read More >>

SEC sues Chicago Crypto Capital for Allegedly Defrauding Investors of $1.5M. Read More >>

US OFAC Releases FAQs on Tornado Cash.

OFAC Lawsuit Details Crypto Industry’s Sanction Concerns. Read More>>




Selected events for deeper dives into different parts of the digital assets and DeFi world.

14th Annual Technology & IP Transactions Conference

Our 14th Annual Technology & IP Transactions Conference will take place on October 6, 2022, in Chicago. This interactive forum will focus on legal challenges and growth opportunities in today’s changing information technology (IT) services and software marketplace and include a keynote by Stanton Jones, Distinguished Analyst and Leader of ISG’s Index research. Program topics will cover: Top 5 Things You Need to Know About the IT Services Sector; Structuring IT Agreements for Cost Savings and Resilience; Turning Around Troubled Outsourcing Deals; Optimizing Contract Terms for Multi-Layer Tech Solutions; Navigating Open Source Pitfalls in Transactions; Monetizing Data; Avoiding Common Contracting Mistakes for New SaaS Providers; and Demystifying NFTs and the Metaverse.

Alternative Finance Summit 2022: Fintech, Blockchain and Crowdfunding

Join Mayer Brown partner Anna Pinedo during the “Turbulent Year in the Markets After Returning From Covid-19: Securities Offering and Private Placement Developments” panel on September 21, 2022, at 9:10 am EDT. This panel will discuss the residual impact of COVID-19 on offerings and placements, SEC guidances on SPACs, and other relevant topics. For more information, including how to register, please visit the event website.




For those new to the digital assets and DeFi world, each edition of the Digital Assets Download will highlight a different term to help you be a part of the conversation.


An oracle is the means by which a blockchain “connects” to the off-chain world. Oracles provide the smart contracts on blockchains with data that is critical to the execution of those contracts. Without oracles, blockchains would only have access to data stored on their networks. The data from oracles enhances a smart contract’s functionality and broadens its potential uses.




How can we better serve as your oracle to the digital assets world? We’d love to hear from you

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