Blog
Delaware Improves Clarity on Corporate Interested Party Transactions
On May 25, 2025, the Delaware Governor signed into law amendments to Section 144 of the Delaware General Corporate Law (the “DGCL”) on interested party transactions. The amendments provide to directors, officers and stockholders explicit safe harbors and limitations on liability for certain interested party transactions that were previously “void or voidable.” New safe harbor... Read more »
SEC Division Issues Statement on Stablecoins
On April 4, 2025, the Division of Corporate Finance (the “Division”) of the Securities and Exchange Commission (the “SEC”) issued a Statement on Stablecoins (the “Statement”). Setting policy by issuance of a statement of this sort is itself unusual, although the guidance has been in the works for some time and tracks in some ways... Read more »
DOJ Memo Shifting Enforcement of Crypto from Platform to Criminal Activity
On April 7, 2025, Deputy Attorney General Todd Blanche issued a memorandum to Department of Justice (“DOJ”) employees basically shifting from “targeting virtual currency exchanges, mixing and tumbling services and offline wallets for the acts of their users or unwitting violations of regulations,” which the memorandum terms “regulation by prosecution.” Instead, the memorandum says that... Read more »
FinCEN Issues Rule Limiting BOI Filing for U.S. Companies and U.S. Owners of Foreign Companies
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued an “interim final rule” (press release and rule) eliminating the reporting requirements of beneficial ownership information (BOI) under the Corporate Transparency Act by exempting entirely companies established under the laws of U.S. states, and, with respect to foreign companies... Read more »