Monthly Archives: February 2022

U.S. SEC’s enforcement cop says crypto company amnesty is not on the table | Reuters

Gurbir Grewal’s first remarks on crypto in an interview provide greater clarity as to how cryptocurrency companies can expect to be treated under the SEC’s new Democratic leadership. The industry has complained that the agency has left it in the dark about how to comply with U.S. rules. His comments, though, will disappoint some in the industry who had hoped…

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SEC Senior Counsel Rebecca Fike Rejoins Vinson & Elkins as Partner | Vinson & Elkins LLP

Vinson & Elkins today announced that Rebecca Fike, an experienced financial fraud and accounting enforcement lawyer who spent nearly 10 years as an attorney in the Division of Enforcement at the Securities and Exchange Commission’s (SEC) Fort Worth Regional Office, has rejoined the firm as a partner in its Dallas office. Source: SEC Senior Counsel Rebecca Fike Rejoins Vinson &…

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What President Biden’s Crypto-Executive Order Should Say | LinkedIn

Now that President Biden has created a cryptocurrency prosecutorial and investigative team, the next logical step is to sign an Executive Order to curtail the flow of bitcoin and other cryptocurrencies, making it challenging for criminals to use cryptocurrencies to purchase U.S. goods and services. The Executive Order should: Prohibit any U.S. governmental entity from transacting in cryptocurrency and mandate…

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Justice Department Announces First Director of National Cryptocurrency Enforcement Team  | Department of Justice

The Justice Department today announced the selection and appointment of Eun Young Choi to serve as the first Director of the National Cryptocurrency Enforcement Team (NCET). Ms. Choi is a seasoned prosecutor with nearly a decade of experience within the department, and most recently served as Senior Counsel to the Deputy Attorney General. She will assume her duties full-time effective…

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Crypto has ‘enabled a digital crime wave of epic proportions,’ former SEC officer says

John Stark, John Reed Stark Consulting president former SEC Office of Internet Enforcement chief, joins Yahoo Finance Live to discuss BlockFi’s $100 million settlement with the SEC, the SEC investigating cryptocurrency exchange Binance, crypto regulation, and the outlook for cyberattacks using bitcoin following the arrest of a famous TikTok couple. Source: Crypto has ‘enabled a digital crime wave of epic…

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Experienced former DOJ prosecutor Matthew Jacobs and investigations lawyer Jessica Heim join DLA Piper’s Litigation practice in Northern California | DLA Piper

DLA Piper announced today that former federal prosecutor Matthew Jacobs and Jessica Heim have joined the firm’s Litigation practice as partners in Northern California, based in the San Francisco office. Jacobs will also serve as head of the firm’s Northern California Litigation practice. Source: Experienced former DOJ prosecutor Matthew Jacobs and investigations lawyer Jessica Heim join DLA Piper’s Litigation practice…

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BlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product

The Securities and Exchange Commission today charged BlockFi Lending LLC (BlockFi) with failing to register the offers and sales of its retail crypto lending product. In this first-of-its-kind action, the SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940. To settle the SEC’s charges, BlockFi agreed to pay a $50 million penalty, cease…

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