As the Northern Hemisphere’s winter begins to thaw, our latest Digital Assets Download turns to coverage of the latest in the UK’s “Tulip Case” (no, not those tulips), which has implications for developers of crypto asset software. In this issue, the global Mayer Brown team also covers statements from regulators in the US and Hong Kong. Finally, we’re thrilled to have guest commentary from Manoj Ramia, general counsel of Digital Asset, on his perspective for a regulatory approach to blockchain technologies.
For the Uninitiated: Digital Assets Download is a curated mix of insights and headlines that provide a Layer 3 Legal Perspective™ on the digital assets multiverse—created by Mayer Brown’s global Digital Assets, Blockchain & Cryptocurrency group. (Check out all of our previous editions of the Digital Assets Download)
The Lead Block
News Node
Payments Giant Says It's Not Slowing Down Plans for Crypto Products
Web3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary
US Justice Department Pushes for Independent Investigation of FTX Collapse
US Lawmakers to Reintroduce Crypto Tax Reform Bill: Report
Binance.US Is Operating 'Unregistered Securities Exchange,' SEC Official Says
US Lawmakers Reintroduce Bill to Force Crypto Miners to Disclose Emissions
SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians'
Stablecoins Attract Scrutiny in SEC’s Drive to Control Crypto
India Imposes Money Laundering Provisions on Crypto Sector
Investment Firm Registers as Crypto Service Provider in France
Largest Bitcoin Fund Soars as US Judges Raise Hope for Investor Payday
DAO Gets Legal Recognition in the US as Utah DAO Act Passes
The Evolution of Digital Assets in Sports
Select Events
Selected events for deeper dives into different parts of the digital assets and DeFi world.
Coincidence or Coordinated? The [Biden] Administration’s Attack on the Digital Asset Ecosystem
The Subcommittee on Digital Assets, Financial Technology and Inclusion of the US House Financial Services Committee convened for a hearing on Thursday, March 9, 2023 at 2:00 pm ET. The link above leads to a recording of the hearing.
Learn the Lingo
Private Keys
A private key is a long string of alphanumeric characters or code used in cryptography, similar to a password. In the context of crypto assets, private keys are used to authorize transactions and prove ownership of a crypto asset.
A private key is an integral part of using or transacting in crypto assets, and the encryption at the heart of a private key is critical to protecting those crypto assets from theft and unauthorized access. That said, a private key can literally unlock access to your cryptocurrency, so it is important to carefully manage access to your private keys. As the saying goes, “not your keys, not your crypto.”
Writings on the Wall, Translating ‘Crypto’ Terms with Mayer Brown
