On December 28, 2020, the Securities and Exchange Commission released a statement indicating that President Trump had chosen current Commissioner Elad L. Roisman as Acting Chairman of the SEC. Acting Commissioner Roisman was first sworn in as a Commissioner of the SEC on September 11, 2018.
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Paul McCurdy
SEC Announces New Internal Security-Based Swaps Joint Venture
On December 18, 2020, the Securities and Exchange Commission announced the creation of a joint venture among multiple SEC divisions and offices to coordinate roles related to the regulation of security-based swaps (SBS) and provide oversight of entities that will be required to register with the SEC (SBS entities).
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SEC Issues Statement on Custody of Digital Asset Securities by Special Purpose Broker-Dealers
On December 23, 2020, the Securities and Exchange Commission issued a statement and request for comment relating to custody of digital asset securities by broker-dealers, including certain conditional, time-limited relief for such arrangements. The statement will become effective 60 days after its publication in the Federal Register.
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