Daily Archives: June 6, 2022, 3:14 pm

Cravath to Open in Washington, D.C., Former Leadership of FDIC and SEC to Join as Partners | Cravath, Swaine & Moore LLP

On June 6, 2022, Cravath announced it will open a Washington, D.C. office anchored by former leaders of the Federal Deposit Insurance Corporation (“FDIC”) and the U.S. Securities and Exchange Commission (“SEC”). Jelena McWilliams, former Chairman of the FDIC, Elad L. Roisman, former Commissioner and Acting Chairman of the SEC, and Jennifer S. Leete, former Associate Director in the SEC’s Division of…

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The arrest heard ’round the crypto world | TechCrunch

There are an awful lot of people taking a very close reading of the SDNY press release, which states it specifically charged Chastain “with wire fraud and money laundering in connection with a scheme to commit insider trading in Non-Fungible Tokens.” They notably describe NFTs as “digital assets” later in the release. Also, it’s worth reiterating that this is the…

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New York Senate Passes Two-Year Bitcoin Mining Moratorium – Decrypt

The bill calls for a two-year moratorium on fossil-fueled cryptocurrency mining operations that use proof-of-work (PoW), a particularly energy-hungry method to verify transactions on the blockchain. It also essentially caps the electrical consumption of existing mining operations at their current levels. The bill doesn’t stop any operations that run on renewable energy though, nor does it prevent the use of…

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