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Skadden Discusses Democratic DeFi Proposal and Cryptoasset Market-Structure Regulation

  • What’s new: Senate Democrats have introduced a DeFi proposal that creates a new regulatory framework for decentralized finance platforms, focusing on preventing illicit finance and regulatory arbitrage by applying existing securities market requirements to DeFi.
  • Why it matters: The DeFi

Davis Polk Discusses Unsung Provisions of Bill to Hold Bank Executives Accountable

The Recovering Executive Compensation Obtained from Unaccountable Practices (RECOUP) Act, designed to hold senior executives at banking organizations accountable, has broad and unusual bipartisan support, passing out of the Senate Banking Committee by a 21-2 bipartisan vote. As the bill …