What Federal Web3 Initiatives Mean For Fintech Professionals

For fintech professionals in particular, take heed. The Federal Deposit Insurance Corp., U.S. Securities and Exchange Commission, U.S. Department of Labor, and the Office of the Comptroller of the Currency have officially kick-started a range of burdensome, weighty and powerful regulatory initiatives pertaining to digital assets — and cryptocurrency is not their only target.

Financial regulators have also begun to set their sights on decentralized finance,[1] nonfungible tokens[2] and other purportedly game-changing Web3 variants.[3]

This article analyzes four recent Web3 regulatory pronouncements, and concludes by providing some guidance for the challenging…