In recent analysis, Fried Frank Partner Jason Schwartz discussed the core DeFi activity staking and the lack of formal guidance on how staking rewards are taxed in the United States.
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In a regulatory update, Sidley Austin attorney David M. Katz explained recent SEC treatment of "concentrated debits" under the customer protection rule for certain investment funds
A new Topic Page on Custodial Requirements applicable to SEC-registered investment companies is now available to subscribers on the Cabinet. The new Topic Page is part of an ongoing expansion of available regulatory materials.
New York Governor Andrew Cuomo proposed budget legislation that would amend the New York Licensed Lenders Law.