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ARTICLE · 06 JANUARY 2020

Fintech Regulation To Watch In 2020

Withers LLP
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Fintech regulation accelerated in 2019, with federal agencies focusing on the digital-asset enforcement front while also accepting a handful of digital token offerings.

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Fintech regulation accelerated in 2019, with federal agencies focusing on the digital-asset enforcement front while also accepting a handful of digital token offerings. Countries also worked together to address many of the growing concerns around illicit activity in fintech.

Myriad questions remain, however, for attorneys grappling with the regulatory framework governing the sector. Here, Law360 looks forward to what might be afoot for fintech regulation in 2020.

A Lumbering Giant in D.C.

Fintech took Washington, D.C., by storm in 2019.

While the Facebook-backed Libra cryptocurrency spurred high-profile hearings in the U.S. House of Representatives and Senate, the House Financial Services Committee launched new task forces focused on fintech and artificial intelligence that held in-depth hearings with experts in the field.

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