On February 18, 2025, at 4:03 p.m., Sarah Martinson reported that Davis Polk & Wardwell LLP played a key role in securing American approval for the first fund negotiated in cryptocurrency. They successfully convinced a federal agency to refrain from enforcing regulations against a stablecoin issuer and facilitated the establishment of a new liquidity program for shareholders. As a result, the firm earned recognition among the leading fintech firms of 2024, according to Law360.
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