On June 22, 2026, President Trump issued two Executive Orders entitled “Ushering the Next Frontier of Quantum Innovation” (“Quantum EO”) and “Securing the Nation Against Advanced Cryptographic Attacks” (“Cryptographic EO”) demonstrating the increasing focus of the administration on quantum.
Quantum technology is a rapidly growing
In Part 1 of our four part series, Fastest Route to Market: Money Transmission Licensing Roadmaps for FinTechs, we explained why many
On June 5, the U.S. Tax Court issued a memorandum opinion in a closely watched case about the taxation of rewards from staked cryptocurrency tokens. In Paschall v. Commissioner, T.C. Memo. 2026-46, the Tax Court held that these rewards are includable in gross income
In February 2026, a public-private partnership headed by the U.S. Department of the Treasury concluded an investigative process aimed at strengthening cybersecurity and risk mitigation for AI in the financial services sector. The partnership consisted of executives from over 100 financial institutions, U.S. and international
On May 14, 2026, Colorado Governor Jared Polis signed SB 26-189, the new Colorado artificial intelligence statute which goes into effect January 1, 2027. SB 26-189 replaces SB 24-205, the controversial AI statute that had not yet become effective.
SB 26-189 was the result of
Many companies negotiate contracts containing merchant of record designations without fully appreciating the significance of that designation from a privacy and data security perspective.
For purposes of this article, the merchant of record is the party that both contracts directly with the payment processor and
Introduction
Over the past several weeks, secondary markets for private company stock have surged back into the spotlight. High-profile issuers like Anthropic and SpaceX are reportedly seeing active demand for “secondary exposure” through special purpose vehicles (SPVs), forward contracts, and other synthetic structures.1 For
Series Overview
This article is Part 1 of a four-part series, Fastest Route to Market: Licensing Roadmaps for FinTechs. The series will trace the main licensing paths available to FinTechs seeking
Richard B. Levin, the Chair of Taft’s FinTech Practice, was recently quoted in a Reuters article titled “Crypto giant Kraken’s Fed payment account sparks concerns about risk.” The article recognizes Kraken’s approval as a milestone that could reshape the financial system and discusses whether crypto
In the payments world, commentators note Illinois’ recent Interchange Fee Prohibition Act, which prohibits charging interchange fees on the tax or tip portions of processed transactions.
Key portions of the law take effect July 1.
By its terms, the Interchange Fee Prohibition Act also