Murphy & McGonigle announced today that it will host CryptoLex 2018, an inaugural FinTech and blockchain conference that will clarify and provide the most up-to-date guidance on the legal and regulatory framework impacting companies utilizing blockchain, digital ledger technology and cryptocurrencies.

Nine lawyers from Murphy & McGonigle and 10 practice areas have been recognized for excellence in the 2019 Best Lawyers in America edition, announced today by Best Lawyers.

The CFTC’s proposed minimum capital requirements for SDs and MSPs have met with criticism from industry on a variety of points. These include the use of initial margin, reliance on notional amounts, effect on smaller SDs, inconsistency with the SEC’s proposed capital rule, duplicative reviews for internal capital models, and reporting requirements.

If you have complied with the New York Department of Financial Services (“NY DFS”) requirements to date, your cybersecurity program is already in place and the foundations are laid for compliance with the September first obligations.  On or before September 1, 2018, NY DFS Covered Entities subject to Part 500 must be in compliance with sections 500.06, 500.08, 500.13, 500.14(a), and 500.15.   This article provides interpretation and analysis of what these requirements mean in practice.