With the CLARITY Act now in front of the Senate ahead of the August recess, the framework that would divide SEC and CFTC oversight of digital assets is the debate every advisor is tracking.

This session will discuss:

• The US GENIUS Act framework for stablecoins
• The proposed US Clarity Act, which seeks to define SEC and CFTC jurisdiction over various digital asset sectors
• The broader European Markets in Crypto Assets (MiCA) regulations
• Know your customer (KYC) and anti-money laundering (AML) regulations
• The US tax implications of digital asset investing

Before making any investment in digital assets, investors should conduct comprehensive due diligence, including custody arrangements, investment due diligence, and operational due diligence.

This session will discuss:

• Investment due diligence topics, which include the asset manager, the team’s experience and qualifications, investment process, track record, and risk management protocols.
• Operational due diligence topics, which include service providers, valuation processes, trading and risk management systems, procedures for safeguarding and moving cash and digital assets, and the staff experience and qualifications in fund operations.