Emerging Technology & Products
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US House hearing examines path forward for digital asset regulation
Two important committees of the US House of Representatives held a joint hearing on 10 May to discuss digital asset regulation, concluding with some potential next steps for both regulators and Congress to provide more clarity to the regulatory environment. The US House Committees on Agriculture and Financial Services held a joint Subcommittee hearing titled "The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets." The Agriculture Committee has oversight over the US Commodity Future Trading Commission, while the Financial Services Committee has oversight over the US Securities and Exchange Commission.
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Key US House Committees hold hearings on digital asset oversight
On April 27, the key US House committees held concurrent hearings on digital asset oversight. These complementary hearings were coordinated by Republican leadership in the Committees to identify regulatory gaps related to digital assets. Next month, the committees plan to hold a joint subcommittee hearing to consider ways to close those gaps.
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Viewpoint – Issues to watch in global derivatives markets
Global cleared derivative markets are made up of a wide variety of participants, from different geographies and different business disciplines. But surprisingly, many of my conversations to start 2023 have focused on a few key priorities.
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Viewpoint - Lessons from the Year of Crypto
FTX's unlawful use of customer money should not completely overshadow the groundbreaking ideas it was proposing to disrupt finance. Direct access to exchanges, auto-liquidation, real-time margining—these ideas are not going away. Whether we like it or not, these new approaches to market structure will continue to challenge our way of doing business.
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SEC Enforcement Priorities
The panel will discuss SEC tactics such as the increasingly sophisticated use of whistleblowers and trading data surveillance, and evolving enforcement priorities, such as the SEC’s focus on disclosures, sales practices, and other policies and procedures related to sales of complex products and trading strategies, with examples involving complex options-based strategies and variable annuities.
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US Senate hearing focuses on urgent need for crypto regulation
US Commodity Futures Trading Commission Chairman Rostin Behnam testified before the Senate Agriculture Committee on 1 December, discussing lessons learned from the collapse of FTX.
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FTX and intermediation a hot topic in regulatory discussions at Expo
Policymakers and industry experts discussed the latest approaches to regulating emerging areas of derivatives markets at FIA Expo 2022 in Chicago on Monday, including areas like crypto assets, retail products and climate-related issues.
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Digital Asset Regulation and Insights for Asset Managers
K&L Gates discusses the evolving regulatory environment, recent enforcement actions and proposed U.S. legislation for digital assets and their impact on the asset management industry.
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FIA joins other trade associations in industry response to second Basel consultation on cryptoassets
FIA also files a supplemental letter urging regulators not to penalise client clearing.
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US senators express support for expanded CFTC oversight in digital commodities markets
The US Senate Committee on Agriculture, which oversees the US Commodity Futures Trading Commission, held a hearing on 15 September to discuss the Digital Commodities Consumer Protection Act, a bipartisan legislative proposal that would grant the CFTC additional oversight over spot digital commodities markets.
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