ISDA CEO Forms Digital Asset Working Group to Standardize Crypto Derivatives Contracts – Lexology

ISDA CEO Scott O’Malia emphasized the need to develop uniform legal standards for crypto derivatives contracts. In an ISDA blog, “derivatiViews,” Mr. O’Malia said that ISDA formed a digital asset documentation working group to explore the subject. Mr. O’Malia stated that financial institutions’ current reliance on either amended versions of ISDA documentation or bespoke agreements in order […]

Security Traders Association Opposes Proposed Modernization of Derivatives Act – Lexology

In a letter dated September 17, 2021, addressed to Senate Committee on Finance Chair Ron Wyden and ranking member Michael Crapo, the Security Traders Association (“STA”) highlighted the negative impact proposed legislation on derivatives would have on investors. The Modernization of Derivatives Tax Act of 2021 (“MODA”) would create a single tax regime for all […]