This Old Reg: FTC Proposes Major Updates to the Safeguards Rule

This Old Reg: FTC Proposes Major Updates to the Safeguards Rule

The Federal Trade Commission (FTC) has published a Notice of Proposed Rulemaking seeking industry feedback on a number of proposed changes to the Gramm-Leach-Bliley Act (“GLBA”) Safeguards Rule, many of which are drawn from the New York Department of Financial Services’ robust cybersecurity regulations. If implemented as proposed, the information ... Read More
Is Your Token a Security? The SEC Wants to Help You Figure That Out.

Is Your Token a Security? The SEC Wants to Help You Figure That Out.

The SEC has issued a “Framework for ‘Investment Contract’ Analysis of Digital Assets” (the ‘Framework’) that provides the Division of Corporation Finance’s guidance on how to evaluate whether digital assets are “investment contracts,” which are a type of security. The SEC simultaneously issued a No Action Letter to TurnKey Jet, ... Read More