Tag Archives: Tiffany J. Smith

CFTC Year in Review: 23 Takeaways From 2023 and Predictions for 2024

by Matthew B. Kulkin, Elizabeth L. Mitchell, Gretchen Passe Roin, Timothy F. Silva, Tiffany J. Smith, Dino Wu, Matthew Beville, and Joseph M. Toner

Photos of the authors

Top (left to right): Matthew B. Kulkin, Elizabeth L. Mitchell, Gretchen Passe Roin, and Timothy F. Silva
Bottom (left to right): Tiffany J. Smith, Dino Wu, Matthew Beville, and Joseph M. Toner (photos courtesy of Wilmer Cutler Pickering Hale and Dorr LLP)

At an industry event in early 2023, Commodity Futures Trading Commission (CFTC or the Commission) Chairman Rostin Behnam set out a comprehensive agenda.[1] When Chairman Behnam detailed the CFTC’s 2023 work plan, the CFTC was building on its first year with a full slate of Commissioners, new Division Directors, and senior leadership. As we look back on the recently completed calendar year and turn our attention to the rapidly approaching 2024 presidential and congressional elections, the CFTC seems poised for another year packed with a flurry of regulatory, policy, and enforcement activity. This article lays out 23 of our key takeaways from the past year and offers insights on what might take place in the coming months.

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Flurry of Announcements by the Federal Reserve on Crypto Activities

by Michael Held, Tiffany J. Smith, Franca Harris Gutierrez, Cory C. Hansen, and Andy V. Reynolds

Photos of the authors

(photos courtesy of WilmerHale) From left to right: Michael Held, Tiffany J. Smith, Franca Harris Gutierrez, Cory C. Hansen, and Andy V. Reynolds

A flurry of activity on January 27 signaled continued skepticism from the Federal Reserve of crypto-asset-related activities generally and open, public or decentralized networks in particular.

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FTX Bankruptcy—What Could Be Next for the Industry?

by Yoon-Young Lee, Tiffany J. Smith, Matthew B. Kulkin, Michael Held, Susan Schroeder and Eliza Gonzalez.

One of the world’s largest cryptocurrency exchanges—FTX Trading Ltd.—and many of its affiliates filed for bankruptcy earlier this month. [1] While the full impact of the FTX bankruptcy is not yet clear, various responses from the executive branch and federal and state regulators indicate that, in the short term, agencies will continue to use their existing authorities to seek information about the practices of crypto market participants and to enforce existing rules to protect customers and avoid further market contagion. [2] The following statements may indicate what market participants should expect.
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