In The Press September 16, 2022

White House Crypto Framework Should Inform SEC Approach (Law360)

On Friday, the White House published a "Framework for Responsible Development of Digital Assets," following up on President Joe Biden's executive order on digital assets earlier this year, which set forth six principal policy objectives in furtherance of U.S. initiatives in the crypto and digital asset space. The framework directs financial regulators to "provide innovative U.S. firms developing new financial technologies with regulatory guidance, best-practices sharing, and technical assistance" and reinforce U.S. leadership and competitiveness in digital assets. Financial Industry partner Nicholas Losurdo and associate Christopher Grobbel explain more in Law360