Regulators are directed to avoid reputation risk, identify banks that have engaged in unlawful debanking, and take appropriate remedial actions.
By Marc P. Berger, Betty M. Huber, Arthur S. Long, Benjamin Naftalis, Parag Patel, Stephen P. Wink, Douglas K. Yatter, Pia Naib, and Deric Behar
On August 7, 2025, President Trump issued an executive order titled “Guaranteeing Fair Banking for All Americans” (the Order). The Order, described further in an accompanying fact
The Department of Labor has taken two recent actions that indicate where the approach to retirement investment policy may go under the new administration.
By Betty M. Huber, Benjamin Rosemergy, Aryeh Zuber, and Austin J. Pierce
Policy on the appropriate management of retirement funds has not been spared the tide of changes in the political landscape. While the language of the Employee Retirement Income Security Act of 1974 (ERISA) sets the standard for plan fiduciaries to act
The federal banking agencies continue to open the channels for regulated entities to engage in digital asset activities.
By Arthur S. Long, Parag Patel, Pia Naib, and Deric Behar
On May 7, 2025, the Office of the Comptroller of the Currency (OCC) published Interpretive Letter 1184 (a response to an inquiry from a regulated entity) affirming that national banks and federal savings associations (collectively, banks) may provide and outsource cryptocurrency custody and execution services on behalf of
The Trump administration continued its focus on immigration and indicated progress in trade talks as this week marked the end of its first 100 days.
This week, President Trump issued several executive orders related to immigration, tariffs, and media bias. Meanwhile, the administration signaled that it has made progress in trade talks with various countries. Below is a high-level overview of the administration’s actions, broken down by topic, along with updates on related court challenges, personnel changes, and other breaking
An executive order and related legislation centralizes Bitcoin and digital asset holdings across the federal government to optimize oversight and management of crypto as a US reserve asset.
By Jenny Cieplak, Zachary Fallon, Arthur S. Long, Yvette D. Valdez, Stephen P. Wink, Connor Jobes, and Deric Behar
On March 6, 2025, President Trump issued an executive order for the “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile” (the Order). As
The administration continues to roll back regulation while shifting its focus to trade, domestic production, and immigration.
This week, President Trump issued executive orders closing the Department of Education and invoking the Alien Enemies Act. Meanwhile, the administration continues its focus on DEI policies, while facing various lawsuits over its personnel, spending, and immigration actions.
Latham lawyers are carefully monitoring the rollout of President Trump’s policy priorities through executive orders, agency actions, and installment of new personnel. Below is a
In a break from restrictive Biden-era policies, OCC-supervised banks may now engage in crypto without supervisory nonobjection, potentially opening new avenues for innovation.
By Arthur S. Long, Parag Patel, Pia Naib, and Deric Behar
On March 7, 2025, the Office of the Comptroller of the Currency (OCC) reaffirmed that national banks and federal savings associations (collectively, banks) may participate in a range of cryptocurrency activities, including crypto custody, certain stablecoin activities, and participation in independent node verification
The Trump administration continues to roll back policies on DEI and banking regulation while facing various lawsuits over its personnel, spending, and immigration actions.
This past week, the Trump administration continued to take action on DEI, barring certain DEI-related language from government contracts and closing an office within the EPA. It also rolled back Biden-era proposals to regulate banking and finance. Meanwhile, the administration continues to face litigation challenges in federal court, with judges blocking personnel actions, USAID spending freezes
The administration continues to advance its agenda via executive orders amid confusion around rollbacks and rescissions.
This week, the Trump administration continued to sign several new executive orders imposing and rolling back new tariffs, and establishing a strategic bitcoin reserve, among others. President Trump also addressed a joint session of Congress on March 4, 2025, for the first time since retaking office. In his speech, the president highlighted the executive orders he has issued and outlined his vision for how
The administration also turned its focus to copper imports, bird flu, and a proposed new path to American citizenship.
This week, President Trump signed several new executive orders related to healthcare costs, copper imports, and the Department of Government Efficiency (DOGE), among others. The administration also announced strategies for addressing the bird flu breakout as well as a plan for a $5 million “gold card” path to American citizenship. Late last week, a federal judge enjoined implementation of key portions