Three years ago this past Friday (03/18), FinCEN released its regulatory guidance on digital currencies. Those involved in creating, distributing, exchanging, and transmitting digital currencies were deemed money transmitters and thus subject to FinCEN registration and regulatory oversight.
“Depending on who you speak to, the issuance of our guidance was either the best thing that ever happened to bitcoin or the worst thing.”
-FinCEN Director, Jennifer Shasky Calvery (The Rise and Rise of Bitcoin)
The clearest lessons regulators are sending—and what your program should do next. If you want to know what regulators care about, don’t start with
Derivatives, Commodities, or Gambling? The Regulatory Crossroads Ahead From Signal to Scrutiny In Part 1, we looked at why prediction markets have captured so much
The Bill That Roared President Trump’s sweeping “Big, Beautiful Bill” has officially passed both chambers of Congress and was signed into law by the commander