Mark Dempsey

California is requesting for comment their venture capital reporting rule. Comments are due by July 17, 2026. CA is requesting comment on many items including the definition of significant presence, operations, and place of business in CA and the solicitation of CA investors. Previously, the rule was going to impact a very high percentage of VC fund advisers. This comment period provides an opportunity to lessen the impact of the rule. dfpi.ca.gov/wp-content/upl…

I had some time to digest this order which instructs the heads of the federal financial regulators to incorporate guidance and rules to encourage innovation (focused on fintech firms including digital asset firms). There is a push in the order to open the reserve banking payment accounts to more fintechs which allows eligible financial institutions to clear and settle payments through the Fed’s systems (like Fedwire, ACH, FedNow, etc.). I think it is important to note that many executive actions do little to incorporate material change in the long run. I certainly support innovation but think opening the reserve banking rails should be done very thoughtfully given the potential risks involved. whitehouse.gov/presidential-a…

Lively discussions at the Clarity Act Markup

134 amendments on the Clarity Act that will be voted on during the markup tomorrow. This may well go to midnight! Amendments range from prediction markets, AML/BSA, state enforcement authority, DeFi oversight and protections, event credit card interest caps, among others. beincrypto.com/clarity-act-am…

The updated Clarity Act legislation text is out and the markup will be voted on this Thursday. Chairman Scott, Senators Lummis, Tillis Release Market Structure Bill Text Ahead of Banking Committee Markup | United States Committee on Banking, Housing, and Urban Affairs My personal opinion is this is a decent compromise between banks and crypto firms on the yield debate where there is essentially a ban on passive yield on stablecoins, but the bill will allow activity-based incentives. It moves the majority of tokens to CFTC jurisdiction and clarifies that when a non-decentralized token has an expectation of profit with managerial efforts, the token will likely be considered a security and be under the jurisdiction of the SEC. I also support the cybersecurity framework for decentralized finance (DeFI). For what it's worth I am expecting the mark-up to pass but when it goes to the full Senate floor, I expect contention around ethics and the Trump family's relationship with a number of crypto projects. Therefore, I expect the ethics language in the bill to be updated.

Let's unpack the biggest narratives coming out of Consensus in Miami. ​No panels. No slides. Just good drinks, better conversations, and a few spicy takes. Join us this Wednesday May 13 @ 5PM, for the May Happy Hour Hosted by DC DAO, Stand with Crypto and VBC ( @DCDAOxyz, @StandWithCrypto , @VABlockCouncil) Register here: luma.com/qkeyoyb7 Follow us to stay plugged into DC’s crypto scene!

@EleanorTerrett @BankingGOP I will definitely need to attend this!

🚨NEW: @BankingGOP Committee markup of the Clarity Act set for Thursday, May 14 at 10:30 AM EST.

I've submitted my session for NFT.NYC 2026 - but I need your vote to take the stage 🎤 "Programmable Compliance for RWAs & NFTs: Custody, AML and Regulatory Filings" Cast your vote here: vote.nft.nyc/discover?sessi…

I really enjoyed the Women in Housing and Finance, Inc. symposium. There were great sessions across housing, policy, and digital assets. Now off to @consensus2026! Thank you to WHf and my fellow panelists!

There has been a compromise on the Clarity legislation stablecoin yield text. It would generally not allow interest to be paid but would allow rewards based on activity (i.e. credit card like rewards). A markup is targeted for the week of May11 with a goal of a floor vote in June/July. This may be enough to push the bill through but there are other items of contention (AML, ethics, DeFi); however, it appears the yield issue is the largest hurdle and would likely give it momentum.

It was an honor to join @ChairmanSelig and discuss both his priorities and the important policy principles around self custody and the protection of software developers.

Speaker Announcement: Mark Dempsey CAMS, CRCP, IACCP Mark Dempsey CAMS, CRCP, IACCP is Founder & CEO of Crypto Regulatory Solutions, a compliance firm helping investment advisers and digital asset firms navigate the complex regulatory landscape — drawing on decades of experience at FINRA, Navy Federal Investment Services, and MissionSquare Retirement. 🎟️ Tickets are available to hear Mark speak this September! MBS 2026 | September 23-24 | Greater Columbus Convention Center | Columbus, OH midwestbtc.com | #MBS2026 #Bitcoin #BitcoinSecurity

HUGE: Three digital asset bills have officially passed the House and Senate in Maryland. HB 1355 establishes stablecoin framework HB 470 builds a statewide task force HB 810 blockchain record keeping study These bills now await Gov. Wes Moore’s signature.

Proposed amendments to the Form PF include raising the initial AUM requirement from 150 million to 1 billion in private fund AUM. This would remove the requirement to file a Form PF for a number of smaller RIAs and private fund managers. April would be a little less crazy for fund managers! Large hedge fund AUM threshold from 1.5 billion to 10 billion.