Archive:May 2025

1
United States: Wiretaps in the Web Code? The Asset Management Pixel Litigation Explained
2
United States: SEC’s Division of Trading and Markets Issues Crypto Asset-Related FAQs (And Withdraws Previous Guidance)
3
United States: Y’all Street to Attract Business With “Pro-growth” Legislation
4
Europe: Ireland Agrees Mutual Recognition of Funds Framework With Hong Kong

United States: Wiretaps in the Web Code? The Asset Management Pixel Litigation Explained

By: Michael J. Stortz and Jake Bernstein

Earlier this month, two investors filed a putative class action challenging the deployment of third-party tracking tools—including the Meta Pixel, LinkedIn Insight Tag, and Google Analytics—on the website and mobile app of a major asset management firm.

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United States: SEC’s Division of Trading and Markets Issues Crypto Asset-Related FAQs (And Withdraws Previous Guidance)

By: Keri E. Riemer, Richard F. Kerr, and Caroline N. Roethlisberger

On 15 May 2025, the US Securities and Exchange Commission’s Division of Trading and Markets (Division) released Frequently Asked Questions (FAQs) clarifying how certain broker-dealer and transfer agency rules relate to crypto asset activities. On the same day, the Division and FINRA’s Office of General Counsel withdrew their 8 July 2019 Joint Statement on Broker-Dealer Custody of Digital Asset Securities.

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United States: Y’all Street to Attract Business With “Pro-growth” Legislation

By: Jessica D. Cohn, Robert H. McCarthy Jr., and Yonathan Y. Tewelde

Growing corporate and financial industry interest in Texas as a viable alternative to Delaware for incorporation is creating a trend, which is being called “Dexit.”

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Europe: Ireland Agrees Mutual Recognition of Funds Framework With Hong Kong

By: Michelle Lloyd and Shane Geraghty

The Central Bank of Ireland (CBI) and the Securities and Futures Commission of Hong Kong (SFC) entered into a Memorandum of Understanding on 14 May 2025 establishing a framework for the mutual recognition of funds (MRF) between the two jurisdictions.

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