Federal Regulator and SRO Guidance

• Federal Reserve white paper "Distributed Ledger Technology in Payments, Clearing, and Settlement"

  Members of the Federal Reserve Board and New York and Chicago Federal Reserve Banks prepared this white paper to explore the Fed's interest in distributed ledger technology and its application in transforming payment, clearing, and settlement processes in the United States.

  Resource Link: https://www.federalreserve.gov/econresdata/feds/2016/files/2016095pap.pdf

• Statement by SEC Chairman Jay Clayton and CFTC Chairman J. Christopher Giancarlo: Regulators are Looking at Cryptocurrency

  January 25, 2018 joint statement from SEC and CFTC regarding treatment of cryptocurrencies.

  Resource Link: https://www.sec.gov/news/public-statement/statement-clayton-giancarlo-012518

• LabCFTC

  LabCFTC is the focal point for the CFTC’s efforts to promote responsible financial technology (FinTech) innovation and fair competition for the benefit of the American public. LabCFTC is designed to be the hub for the agency’s engagement with the FinTech innovation community.

  Resource Link: http://www.cftc.gov/LabCFTC/index.htm

• FINRA Warns Investors: Don’t Fall for Cryptocurrency-Related Stock Scams

  December 21, 2017 FINRA warning alerting investors to cryptocurrency scams.

  Resource Link: http://www.finra.org/newsroom/2017/finra-warns-investors-dont-fall-cryptocurrency-related-stock-scams

• Cook, Robert W. "Equity Market Surveillance Today and the Path Ahead"

  FINRA President and CEO Robert Cook's September 20, 2017 speech at the Exchequer Club in Washington D.C.

  Resource Link: https://www.finra.org/newsroom/speeches/092017-equity-market-surveillance-today-and-path-ahead

• FINRA Report on Blockchain Technology

  FINRA Report on Blockchain Technology

  Resource Link: http://www.finra.org/sites/default/files/FINRA_Blockchain_Report.pdf

Industry Guidance

• The Hyperledger Project

  Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology.

  Resource Link: https://www.hyperledger.org/

• Chamber of Digital Commerce

  The Chamber of Digital Commerce is the world’s leading trade association representing the digital asset and blockchain industry.

  Resource Link: https://digitalchamber.org/

• SIFMA Response to FINRA Report

  SIFMA Response to FINRA Report

  Resource Link: http://www.finra.org/sites/default/files/Blockchain-SIFMA-Comment.pdf

• DTCC white paper: Embracing Disruption – Tapping the Potential of Distributed Ledgers to Improve the Post-Trade Landscape

  The frenzy around Blockchain and distributed ledgers is unprecedented. Is it a disruptive force on the verge of replacing legacy infrastructures or will the technology produce only marginal impacts in the short-term? As an industry-owned and governed financial market utility, DTCC believes the technology represents a generational opportunity to re-imagine the post-trade infrastructure. But the key to realizing this promise is in fostering industry-wide collaboration and aligning the technology with the core principles of mitigating risk, enhancing efficiencies and driving cost efficiencies. Please note login is required to download the white paper.

  Resource Link: http://www.dtcc.com/blockchain

Other Governmental Guidance

• Texas State Securities Board Report on Cryptocurrencies

  The Texas State Securities Board issued a report finding widespread fraud in cryptocurrency offerings

  Resource Link: https://www.ssb.texas.gov/sites/default/files/CRYPTO%20report%20April%2010%202018.pdf

• IOSCO Research Report on Financial Technologies

  IOSCO Research Report on Financial Technologies

  Resource Link: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD554.pdf