Decentralized Finance, more commonly known as DeFi, has been a growing sector on the wild frontiers of digital finance throughout 2021 – we’ve covered it ourselves a number of times over the past six months. It’s a space that excites many adventurous investors, as the yields look incredibly promising. But with multiple high-profile scams and hacks marring the space even as almost $90 billion in Ethereum-based DeFi protocols have been invested, it was probably inevitable that it would increasingly look like the next target for regulatory action. Regulators have already begun to take a tougher approach to the crypto industry
By Jeremy McLaughlin and John Reveal On June 24, 2021, the U.S. House of Representatives passed a resolution to overturn the Office of the Comptroller of the Currency’s (“OCC”) “true lender” regulation that had been finalized on October 30, 2020. This resolution revives the uncertainty regarding the enforceability of loan terms when a national bank […]
K&L Gates is proud to host the 2021 Consumer Financial Services Symposium – Virtual Edition. This symposium will consist of a series of webinars over the course of several weeks with the first panel focusing on FinTech Trends, Developments, and New Directions on Wednesday, April 21 at 1:00 – 2:00 p.m. EST. The panel will […]
