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.