‘Enforcement 40′ for 2017
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A Swift Kik Or A Slow Roll? Crypto Lawyers Address Tough Questions About SEC V. Kik Interactive Inc.
As crypto litigation hits the headlines, many in the blockchain space are focused on the U.S. Securities and Exchange Commission’s (the “SEC”) recently filed complaint against Kik Interactive Inc. (“Kik”). However, at least some crypto lawyers believe that, in the near term, the New York Attorney General’s (the “NY AG”) ongoing proceeding against Bitfinex, Tether […]
Bigger M&A deals mean more insurance claims, AIG finds | Financial Times
M&A insurance, also known as warranty and indemnity cover, has been a booming market over the past few years, as buyers and sellers seek protection against the chance that problems arise after the deal closes. The main causes of claims on this type of insurance are problems with financial statements, tax, and compliance with laws. […]
A Swift Kik Or A Slow Roll? Crypto Lawyers Address Tough Questions About SEC V. Kik Interactive Inc.
After reading the Kik Complaint, I reached out to a few of my friends in the U.S. crypto space, including two experienced litigators (Kayvan Sadeghi, a securities litigation partner at Schiff Hardin LLP, and Jake Chervinsky, general counsel of Compound Finance) and three seasoned transactional lawyers (Jay Baris, a partner at Shearman & Sterling LLP, […]
SIFMA Statement on the SEC’s Final Regulation Best Interest Rule
“As written, the SEC’s Regulation Best Interest rule will impose a materially heightened standard of conduct for broker-dealers when serving retail clients. While principles-based, the rule is specific with respect to the duty and obligations brokers owe to their clients, and what steps they must take to comply, including the obligation to eliminate, or disclose […]
Bitcoin ‘Crypto-Casino’ is a Terrorist Playground: Ex-SEC Crime Czar
Bitcoin is a worthless sham that’s only useful for facilitating crime, and the public must be warned about the full spectrum of the crypto-sphere’s sleaziness. That’s the opinion of attorney John Reed Stark, a cybersecurity expert who worked for 20 years at the SEC’s enforcement division. via Bitcoin ‘Crypto-Casino’ is a Terrorist Playground: Ex-SEC Crime […]
Does Kik Stand a Chance Against the Goliath of the SEC in a US Court?
On May 28, it emerged that the creators of the kin cryptocurrency, the Kik platform, had launched what it calls the Defend Crypto fund. Establishing the new fund with an endowment of $5 million, Kik is calling on sympathetic members of the crypto community to donate cryptocurrencies, in case the initial $5 million isn’t sufficient […]
Effective Cybersecurity and Data Protection Legislation Should Protect Whistleblowers | Compliance and Enforcement
Congress should act to protect cybersecurity whistleblowers because information security has never been so important, or so challenging. In the wake of a barrage of shocking revelations about data breaches and companies mishandling of customer data, a bipartisan consensus has emerged in support of legislation to give consumers more control over their personal information, require […]
Crypto Assets and Insider Trading Law’s Domain
An extensive literature addresses the substance of insider trading law. For example, should new techniques of high frequency trading be penalized as a species of “insider trading 2.0?” Should all insider trading be decriminalized? Far less attention has been devoted to the domain of insider trading law. Insider trading law applies to stock, but does […]
Defend Crypto
The SEC has been shaping the future of crypto behind the scenes with settlements that set a dangerous precedent and stifle innovation. Kin is unwilling to let that happen and is setting aside $5MM with Coinbase to take them on in court. But with the future of crypto on the line, $5MM might not be […]
Yahoo Japan to Enter the Crypto Trading Fray with Nearing Taotao Launch
Yahoo Japan has tipped its hand to the upcoming launch of Taotao, its cryptocurrency trading platform. YJFX, Yahoo Japan’s foreign exchange (forex) platform, acquired a 40% share in Taotao, which was previously dubbed BitARG, in early 2018. Since making this acquisition, they have moved to set BitARG up as a Yahoo Japan branded subsidiary. The […]