How Regulators are Responding to FinTech

This post is the fifth and final in a series that highlights various elements of a new online course titled “FinTech Law and Policy.” The course is available to all on the Coursera platform (it can be audited for free) and covers the key legal and regulatory issues confronting the FinTech industry today. You can […]

Evolution of the FinTech Industry: From Disruption to Partnership

This post is the fourth in a series that highlights various elements of a new online course titled “FinTech Law and Policy.” The course is available to all on the Coursera platform (it can be audited for free) and covers the key legal and regulatory issues confronting the FinTech industry today. You can view all […]

What Happens When FinTech Firms Don’t Understand Regulation?

This post is the third in a series that highlights various elements of a new online course titled “FinTech Law and Policy.” The course is available to all on the Coursera platform (it can be audited for free) and covers the key legal and regulatory issues confronting the FinTech industry today. The following examples highlight […]

What is FinTech and Why is it Such a Big Deal?

This post is the second in a series that highlights various elements of a new online course titled “FinTech Law and Policy.” The course is available to all on the Coursera platform (it can be audited for free) and covers the key legal and regulatory issues confronting the FinTech industry today. You can read the […]

Introducing “FinTech Law and Policy”

In 2016, few people had ever heard of Bitcoin or blockchain, initial coin offerings were non-existent, and US financial regulatory agencies had yet to react to the emergence of non-bank financial services providers. The FinTech industry has changed dramatically since then: Bitcoin has captured the public imagination and spawned new derivatives products, you can apply […]

Reflections on NYC Cryptocurrency Conference

It’s been almost a month since I returned from my first ever blockchain/cryptocurrency conference and I am still trying to process what I witnessed. Calling Consensus 2018 a spectacle would be like calling Gary Busey different; 8,500 people – up from 2,700 the year before – crammed the Midtown Manhattan Hilton for three full days […]

The Future of Bank Stress Testing

As a presidential candidate, Donald Trump’s position on financial regulation was unclear. He promised to restore Glass-Steagall and at one point stated: “I know the people on Wall Street. We’re going to have the greatest negotiators of the world, but at the same time I’m not going to let Wall Street get away with murder. […]

Federal Reserve Consent Order Represents Worst Case Scenario for Wells Fargo Directors

Janet Yellen ended her tenure as Chair of the Federal Reserve with a bang last Friday when the Federal Reserve Board (the Board) voted 3-0 to issue a consent cease and desist order that imposes unprecedented sanctions on Wells Fargo for its phony-accounts scandal and other “widespread consumer abuses.” The primary sanction is a restriction […]

SEC Stands Firm Against New Bitcoin ETF Proposals

The New Year has seen the Securities and Exchange Commission break out its best Dikembe Mutombo finger wag impersonation for those seeking to list a Bitcoin related exchange traded fund (ETF). According to the SEC’s EDGAR database, seven different Bitcoin ETF proposals were withdrawn just this week at the request of SEC staff. The SEC’s […]

For Bitcoin Futures, the CFTC Defends the Indefensible

In a previous blog post, I criticized the Commodity Futures Trading Commission’s decision to allow the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) to self-certify Bitcoin futures contract. Self-certification allows designated contract markets (DCMs)[1] to list new futures contracts one day after submitting documentation to the CFTC that demonstrates the new […]