The SEC proposes to broaden the definition of "exchange" in Rule 3b-16 to encompass Communication Protocol Systems and expand Regulations ATS and SCI to  cover government securities trading systems.

Moving full speed ahead under the new leadership of our Chair, Elizabeth Davis, we are excited to announce a new name and a rebranding effort at our firm. Murphy & McGonigle, P.C. will now be known as McGonigle, P.C.

The paper “summarizes the current state of the domestic payments system..." and solicits comments from the public.

Members of McGonigle’s Commodities, Futures & Derivatives Practice will have prominent speaking roles at two high-profile conferences taking place the week of January 24, 2022.

On January 10, 2022, the U.S. Government Accountability Office (“GAO”) released a report to the public summarizing its findings on the use of virtual currencies to facilitate human and drug trafficking.  These findings were based on a review of federal agency records and interviews with federal officials from a number of agencies.

The year 2021 will be known as the year when blockchain and digital assets of all types (including "cryptocurrencies") became mainstream.

Steve Gannon, James Goldfarb, and Matthew Comstock of our FinTech & Blockchain Practice authored an article about digital asset regulation in the United States for the US-Israel Legal Review 2021. Read the full article here.