Banks and Digital Asset-Related Activities: Legal Framework, Permissible Activities, Risk Management
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will provide a practical overview for banking organizations seeking to engage in digital asset-related activities. The panel will discuss the current legal and regulatory framework relating to digital assets and bank-permissible activities, provide guidance on risk management in this evolving area, and highlight several bills currently pending in Congress relating to digital assets.
Outline
- Legal framework for bank-permissible activities
- History of U.S. banking policy and digital assets
- Recent activity and developments by U.S. banking regulators relating to digital assets
- Pending federal legislation regarding digital assets: STABLE, GENUIS, and CLARITY Acts
- Notable state laws and legislation relating to banks and digital asset activities
- Strategic planning, risk management, and governance for banks engaging in digital asset-related activities
- Practitioner pointers and key takeaways
Benefits
The panel will discuss these and other key considerations:
- What is the legal framework for banks to engage in permissible digital asset-related activities?
- What are some recent developments by U.S. banking regulators signaling their commitment to enabling bank participation in digital asset markets?
- What are key operational and risk management considerations for banks entering the digital asset market?
- How should banking organizations tailor their business and customer engagement strategies, compliance management processes, and internal controls when entering the digital asset arena?
- How will pending legislation potentially impact the ability of banks to engage in digital asset-related activities going forward?
Faculty
Luigi L. De Ghenghi
Partner
Davis Polk & Wardwell
Mr. De Ghenghi focuses on bank regulatory advice, including Dodd-Frank Act implementation, M&A and capital markets... | Read More
Mr. De Ghenghi focuses on bank regulatory advice, including Dodd-Frank Act implementation, M&A and capital markets transactions for banks and other financial institutions. He advises banks and financial institutions on corporate governance and compliance matters, bank insolvency issues, government investigations and enforcement actions, cross-border collateral transactions, clearance and settlement systems.
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Carl Fornaris
Partner, Co-Chair, Financial Services Practice, Co-Chair Digital Assets and Blockchain Technology Group
Winston & Strawn
Mr. Fornaris is co-chair of the Financial Services Practice and co-chair of the Digital Assets and Blockchain... | Read More
Mr. Fornaris is co-chair of the Financial Services Practice and co-chair of the Digital Assets and Blockchain Technology Group. With nearly 30 years of legal experience, he advises a broad range of financial services firms, including banks and their holding companies, trust companies, money services businesses, payments and FinTech companies, cryptocurrency and other digital assets firms, investment advisers, securities broker dealers, gaming firms, and other financial institutions and institution-affiliated parties, including financial institution officers and directors, on all aspects of their business. He represents clients in an extensive range of regulatory, transactional, and administrative enforcement matters, including institution formation and licensing, capital-raising transactions, acquisitions and divestitures, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance and The Office of Foreign Assets Control (OFAC) sanctions programs—including the Corporate Transparency Act (CTA)—cryptocurrency regulation, payments and FinTech, Dodd-Frank Act compliance, failed bank receivership and resolution advice, and federal and state agency enforcement proceedings.
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Logan Payne
Of Counsel
Winston & Strawn
Mr. Payne is a trusted advisor to market-leading financial institutions, fintech companies, and digital asset firms... | Read More
Mr. Payne is a trusted advisor to market-leading financial institutions, fintech companies, and digital asset firms navigating their most complex and high-stakes regulatory challenges. He has played a defining role in securing national and state banking charters, obtaining key federal and state approvals, structuring first-of-their-kind financial products, and shaping regulatory frameworks for novel financial activities. Beyond securing approvals, Mr. Payne has successfully guided clients through intensive regulatory examinations, precedent-setting enforcement actions, and politically sensitive congressional investigations, including matters that have shaped the trajectory of both individual businesses and the broader digital asset and financial services industries. He also works directly with U.S. and global financial regulators to shape policy, advocate for regulatory clarity, and align oversight with industry realities. His insights have influenced key regulatory discussions on stablecoins, digital asset custody, decentralized finance (DeFi), tokenized real-world assets, and artificial intelligence in financial services, helping define how policymakers regulate financial innovation.
CloseEarly Discount (through 07/18/25)