Weekly Roundup

NFT Trading Exchange
The NYSE indicated plans to become a marketplace for NFTs, just like it is for stocks. 

Market Volatility
Discussion continued on the importance of liquidity in times of market volatility. 

Block Trading
It was reported that regulators are probing block trading at Morgan Stanley, Goldman Sachs and other Wall Street firms. 

Climate Focus at SEC
SEC Chair Gensler indicated that he is making progress on climate rules, noting the need for “sufficient quantitative & qualitative detail” because “generic boilerplate” isn’t helpful. 

Source Code Theft
Further discussion continued on source code theft, with reports citing that 42% of actionable malicious insider incidents were related to IP and data theft, including industrial espionage incidents related to the theft of trade secrets, source code, and active collusion with a foreign nexus. 

Senate Crypto Hearing
The Senate Banking Committee held a hearing on stablecoins this week. 

In the Mix: This Week’s Top FinTech Thought Leader

  • Dante Desparte, Circle, spoke on the rise of stablecoins in crypto this week.
  • Professor Chris Brummer, Georgetown University, has joined Paypal’s six member cross-disciplinary advisory council on Blockchain, Crypto and Digital Currencies.
  • Dr. Neha Narula, MIT Digital Currency Initiative, is also among Paypal’s six member cross-disciplinary advisory council on Blockchain, Crypto and Digital Currencies.