Predictions From The Bank Lady – Tennessee Bar Association

Lowenstein Sandler achieves groundbreaking SEC no-action relief enabling zero cash balance brokerage accounts, while global regulators advance digital asset infrastructure and issue new guidance on AI supervision and prediction market contracts. How are these developments reshaping the intersection of traditional finance, emerging technology, and regulatory oversight?

The SEC and CFTC have issued coordinated regulatory relief measures that significantly advance crypto-based trading infrastructure in US markets, bypassing Congressional gridlock on the CLARITY Act. These orders establish new frameworks for tokenized securities venues and passive software providers, potentially reshaping how digital assets are traded and accessed in regulated markets.

On August 18, the U.S. Department of the Treasury published a notice of proposed rulemaking to implement Section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposal would establish rules governing who may issue payment stablecoins in the United States and when digital asset service providers may offer, sell, or otherwise make payment stablecoins available to U.S. persons. Comments are due October 19, 2026.

Private credit markets are showing signs of stress, with enterprise software borrowers particularly vulnerable as AI disruption threatens their business models. Four critical warning signals—deteriorating credit health, rising PIK interest, mid-market concentration of defaults, and strategic misalignment with AI—suggest lenders need to shift from passive monitoring to active portfolio management before the 2028 debt maturity wall arrives.

Moore & Van Allen's Derivatives & Trading team provides comprehensive analysis of recent CFTC and SEC enforcement actions, proposed regulations on crypto assets...

On March 3, 2026, the International Swaps and Derivatives Association, Inc. (“ISDA”) and the Emerging Markets Traders Association (“EMTA”) published the 2026 FX Definitions (the “2026 FX Definitions”)...

A publicly traded fintech company has announced a $590 million acquisition of its longtime national bank partner, marking a strategic shift from the traditional bank-partnership model to direct ownership of a national bank charter. The transaction, expected to close in the first half of 2027 pending regulatory approvals, would make the fintech a bank holding company while consolidating its banking activities and eliminating certain sponsor-bank fees. This deal represents a faster alternative to pursuing a d

The SEC's Division of Investment Management has issued groundbreaking no-action relief allowing Franklin Templeton registered funds to custody tokenized shares of a blockchain-integrated government money market fund with an affiliated transfer agent. This marks the first time SEC staff has applied the Investment Company Act's self-custody framework to digital assets, establishing a precedent for how registered funds may hold tokenized securities using blockchain technology and multi-party computation protoc

On March 28, 2025, the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and Federal Reserve Board announced their collective intent to issue a proposal (the "Rescission Proposal")...

Fiduciary relationships involve the delegation of authority to an agent who is charged with investing assets for the benefit of third-party beneficiaries.

The U.S. government has released a sweeping new policy that prohibits federal funding for "dangerous gain-of-function research" and establishes unprecedented oversight requirements for life sciences research involving biological agents. Research institutions must now evaluate all proposed and ongoing federally funded projects against expanded risk criteria, implement new review structures, and monitor even non-federally funded research...

Texas Governor Abbott has directed comprehensive audits of all data centers before they can connect to the ERCOT grid, creating immediate uncertainty for large load developers.

Texas is ramping up oversight of data center projects as Governor Abbott's directive adds new review requirements to an already complex interconnection process. The policy debate now encompasses transmission infrastructure, water resources, tax incentives, and community impacts. With the 2027 legislative session approaching, stakeholders in Texas's booming data center industry face an evolving regulatory landscape that could fundamentally reshape how large-scale digital infrastructure projects are developed

Mid-south Regulatory Compliance Group Quarterly Report Vol. 14 No. 2

If you own an iPhone, take a look at your most recent text messaging threads. Are the words contained in a blue or a green speech balloon?

Last October, the CFPB proposed changes to the TILA-RESPA Integrated Disclosure Final Rule first issued in November of 2013 and effective August 15, 2015.

On Dec. 22, 2017, the 2017 Tax Cuts and Jobs Act (the "Act"), was signed into law, putting in place the most comprehensive set of changes to the Internal Revenue Code since 1986.

On July 1, 2016, important changes to Tennessee's data breach notification law went into effect. The changes concern all employers.

Butler Snow attorneys Kristin E. Konschnik and Barton T. Lee recently authored a Tax Notes International article about tax and securities law issues in inbound private client structures.

Texas has emerged as a premier destination for data center development driven by artificial intelligence demand, but this rapid growth has sparked critical conversations among policymakers, utilities, and communities about balancing investment with infrastructure planning.