Digital Assets Download: Thanksgiving Edition

Digital Assets Download: Thanksgiving Edition. While the American and Canadian Thanksgiving holidays are well-known, many other countries have their own harvest or thanksgiving festivals with different names and traditions, including Kinro Kansha no Hi in Japan, Erntedankfest in Germany, Chuseok in South Korea, and Dia de Ação de Graças in Brazil. These holidays are celebrated in different parts of Asia, Africa, and Europe, with some being official national holidays and others being less formal traditions or local customs. At Digital Assets Download, we are grateful for all of our contributing Mayer Brown authors who are bringing us stories of digital assets developments from around the sector and across the world. If you are celebrating this week, we hope you have an enjoyable holiday.

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.

The Lead Block

Perspectives and insights from Mayer Brown lawyers and other thought leaders that touch on digital assets, decentralized finance, cryptocurrencies and related fields.

News Node

Regulatory/Enforcement

NYC Launches Office of Digital Assets and Blockchain Technology

Solana Policy Institute President Says Crypto Bill will ‘Move’ as Senate Advances Draft

Senate Introduces Comprehensive Crypto Market Structure Bill

UK Floats £20,000 Stablecoin Limit in Tougher Regime than US

Federal Reserve Considers Payment Accounts for Fintechs

Markets

Société Générale’s SG-FORGE Issues First Tokenized Bond in United States

Ethereum Cofounder Issues Stark BlackRock Warning that Could Spell Disaster for Bitcoin Amid Sudden Price Sell-Off

Japan’s Biggest Asset Managers Signal Interest in Launching Crypto Funds: Report

VerifiedX Taps Crypto.com to Secure $1.5B in Digital Assets for Institutions

Kraken Raises $800 Million Backed by Citadel Securities and Ken Griffin

Bitcoin Price Crash Wipes Out 2025 Gains

IBM Launches Digital Assets Platform as Crypto Activity Jumps

Ripple Secures $500 Million Investment from Fortress and Citadel Securities

Hong Kong Extends Digital Bond Ambitions With Third Offering

Courts

Crypto Company Files for Chapter 15 Bankruptcy Amid Market Crash

Select Events

Understanding When and How the GENIUS Act Preempts State Law – On November 18, Mayer Brown partners David Beam, Matthew Bisanz and Joe Castelluccio led a discussion on the GENIUS Act’s intersection with state law and its implications for operationalizing the GENIUS Act. The session explored how federal authority under the Act interacts with state laws, practical compliance strategies for issuers, and what market participants should anticipate as implementation moves forward. Watch the webinar recording.

Digital Asset Investments and Transactions: Key Strategic IP and Tax Considerations – On October 16, Mayer Brown partners Joe Castelluccio and James Ferguson hosted a session focused on intellectual property and tax issues in digital asset transactions. The discussion addressed structuring strategies for token-based investments, managing IP rights in blockchain ecosystems, and navigating complex tax implications for issuers and investors. Watch the webinar recording.

Demystifying Eurobonds – On October 16, Mayer Brown hosted an in-person panel discussion alongside BNY and Euroclear on the evolving Eurobond market. The event explored opportunities for issuers to access global capital, modernization initiatives such as dematerialization, digital bonds and blockchain technology, and practical challenges in issuance and settlement.

LEARN THE LINGO

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.

CRYPTOCURRENCY MIXER

A cryptocurrency mixer is a service designed to enhance transaction privacy by pooling crypto assets from multiple users and redistributing them in a way that obscures the original source of funds. Users send their cryptocurrency to the mixer, which combines these assets with others and then returns equivalent amounts to designated addresses, breaking the traceable link between sender and recipient. The primary purpose of mixing is to anonymize transactions, making it difficult to track funds on public blockchains. While mixers can be used for legitimate privacy reasons, they are often associated with illicit activities such as money laundering, ransomware payments, and sanctions evasion. This raises significant anti-money laundering and compliance concerns for regulators and financial institutions. As a result, many jurisdictions have imposed restrictions or outright bans on mixer services, and transactions involving mixers are frequently flagged as high-risk by compliance systems.

Writing on the Wall, Translating ‘Crypto’ Terms with Mayer Brown

From Airdrop to Wrapped Token, our illustrated glossary, “Writing on the Wall, Translating Securities with Mayer Brown,” has been updated with additional digital assets and cryptocurrency terms. Check out our “featured” list for the crypto terms and the full list of terms.