Lawyers from an elite Wall Street firm with deep ties to the banking industry testified before Congress four times in the last month on regulating digital assets and financial institutions.
Davis Polk & Wardwell lawyers appeared before the House Financial Services Committee and House Agriculture Committee. They were invited by the Republican leaders of those panels, as lawmakers consider responses to meltdowns in the crypto and regional banking spaces.
The firm, a go-to legal adviser during the recent banking crisis, counts JPMorgan Chase and Morgan Stanley among its clients. It also advises major crypto players like Galaxy Digital Holdings Ltd. ...
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