Daily Archives: September 30, 2021, 9:38 am

Coinbase Avoids SEC Clash by Dropping Crypto Lend Product

While Coinbase’s decision to forgo its planned launch of Lend apparently avoids a head-on collision with the SEC, the events of the past month demonstrate both the SEC’s readiness to pursue enforcement action in the digital asset space as well as the crypto industry’s dissatisfaction with the guidance provided by the SEC regarding the ground rules for conducting digital business. …

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Opinion | Why Public Officials Should Invest in the Index Mutual Fund – The New York Times

Senator Sherrod Brown of Ohio, the Democrat who chairs the Senate Banking Committee, which oversees the Fed, said this week that he planned to introduce legislation barring senior Fed officials from owning shares of stock in individual companies. That ban should apply to Mr. Brown and his colleagues, too. It should apply to judges. It should apply to the executive…

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Senior DOJ official Daniel Kahn to rejoin Davis Polk as partner | Davis Polk

Davis Polk today announced that veteran prosecutor and senior Department of Justice official Daniel Kahn will join the firm as a partner in the White Collar Defense & Investigations practice in Washington DC. He will focus on representing clients in criminal and regulatory investigations, as well as in civil and criminal trials. Source: Senior DOJ official Daniel Kahn to rejoin…

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Crypto Firms Beef Up Compliance Hiring as Regulatory Scrutiny Mounts – WSJ

Cryptocurrency companies are ramping up hiring in their compliance departments as they come under increasing regulatory scrutiny in the U.S. and world-wide. Hamlyn Williams Inc., a global recruiter that focuses on regulated industries, said it has conducted 18 chief-compliance-officer searches for financial technology and cryptocurrency businesses in 2021, up from seven searches for all of 2020. Source: Crypto Firms Beef…

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