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Join the Securities Litigation and Enforcement Group on LinkedInSEC Chairman Shares Thoughts On Bitcoin – Bitcoin Magazine
“It’s a digital, scarce store of value, but highly volatile,” Gensler told CNBC. “And there’s investors that want to trade that, and trade that for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.” According to Gensler, such investor protection would […]
Cryptocurrency Exchanges Need Direct Regulation, SEC Chair Says | Barron’s
Gensler said the SEC is working on guidance for crypto custody, and then said that he thinks exchanges need more direct oversight. He added that “only Congress that could really address it.” “Right now the exchanges trading in these crypto assets do not have a regulatory framework, either at the SEC or our sister agency, […]
The new ‘deal tax’: SPAC defendants are paying plaintiffs lawyers to drop N.Y. state suits | Reuters
In the last seven months, lawyers from a handful of shareholder firms have filed more than 60 lawsuits in New York State Supreme Court in Manhattan against board members of special purpose acquisition companies, accusing SPAC directors of breaching their duty to investors by omitting important information from public filings about their proposed acquisitions. The […]
Elizabeth Holmes’ lavish lifestyle looms over Theranos fraud case
Elizabeth Holmes’ jet-setting, lavish lifestyle as CEO of Theranos took center stage on Thursday as her attorneys argued it was irrelevant to her criminal fraud case. “What she wore, where she stayed, how she flew and what she ate has nothing to do with this trial,” said Holmes’ attorney Kevin Downey, adding that its “inflammatory […]