Cryptocurrency Archives

News Alerts for April 12, 2022

April 12, 2022
Editorial Team
CIO, Colorado, Cryptocurrency, Cyberattacks, Cybersecurity, Ransomware, Russia, US Regulatory
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State Department Establishes Cybersecurity Bureau The U.S. Department of State on April 4 launched a new Bureau of Cybersecurity and Digital Policy (CDP). The bureau will focus on national security challenges and economic opportunities related to cybersecurity and digital rights.…

Biden Administration Moves to Regulate Cryptocurrency

March 14, 2022
Editorial Team
Cryptocurrency, Cryptocurrency Security Standard (CSS), Digital Assets, US Regulatory, White House
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On March 9, 2022, President Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets, which outlines the federal government’s comprehensive strategy for the treatment of cryptocurrency. In this order, the White House stated that in November 2021,…

With Crypto Scams on the Rise, Legislators Debate Regulations

December 29, 2021
Michael Reinhardt
Blockchain, Congress, Cryptocurrency, Cybersecurity

Cryptocurrency scams are on the rise, and will become even more prevalent in 2022 according to security firm Lookout. That prediction is supported by data from the U.S. Federal Trade Commission, which found that from October 200 to May 2021, consumers reported losing more than $80 million to cryptocurrency scams—an increase of nearly 12 times…

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DOJ Announces National Cryptocurrency Enforcement Team

October 12, 2021
Editorial Team
AML, Blockchain, Cryptocurrency, Cybercrime, Department of Justice, Federal Agencies, Financial Services, Penalties and Enforcement, US Regulatory

On October 6, the Department of Justice (“DOJ”) announced the creation of a National Cryptocurrency Enforcement Team (“NCET”). The DOJ press release is set forth in part below, without further commentary, other than to observe that the NCET’s stated goals are to address issues on which we repeatedly have blogged: crypto exchangers and their AML…

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