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ARTICLE · 03 AUGUST 2021

Virtual Currency Legal Report – Week Of July 19

Perkins Coie LLP
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Congress Members Reintroduce Bill to Define Digital Assets.

GlobalTechnology
Shekida (Anna) A. Smith-Sandy
Shekida (Anna) A. Smith-Sandy

Weekly Fintech Focus

  • Congress Members Reintroduce Bill to Define Digital Assets
  • President's Working Group on Financial Markets Meets to Discuss Stablecoins
  • Chairman Gensler Remarks Signal SEC Future Focus on Potential Crypto Regulation Through Security-Based Swaps Authority
  • DraftKings Announces Launch NFT Digital Marketplace
  • Mastercard Announces Enhancements to Digital Currency Card Program
  • European Commission Proposes to Expand Regulations on Cryptocurrency Service Providers
  • Russian Central Bank Urges Stock Exchanges to Avoid Listing Crypto Companies

U.S. Developments 

Legislation

Congress Members Reintroduce Bill to Define Digital Assets

U.S. Representative Tom Emmer (MN-06) re-introduced legislation aimed at defining how regulators should classify and treat cryptocurrencies. Emmer originally introduced the bill (the Securities Clarity Act) in September 2020, with the support of then Representative Michael Conaway (R-Texas); however,

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