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Join the Securities Litigation and Enforcement Group on LinkedInTime For Fintech Lawyers To Rethink Web3 Engagements | LinkedIn
The Letter makes clear that the time is now for a fintech sea-change. For fintech lawyers, this is not just a matter of doing what is right, it may also be a matter of self-preservation. Reading between the lines, The Letter puts fintech lawyers on notice that when things go south, lawyers could become perfect targets […]
Lummis-Gillibrand crypto bill would elevate CFTC – Protocol
Self-regulatory organizations “form the first line of defense for regulating large, complex markets” that “can write their own rules as well as enforce SEC or CFTC rules,” he added. “If you want to see digital assets regulated, that almost certainly means developing one or more SROs.” Marc Fagel, the SEC’s former regional director for San […]
Elon Has a New Bot Excuse – Bloomberg
But in the merger agreement, there are also covenants, promises that Musk and Twitter make to each other about what they will do going forward, between the signing of the merger agreement and the closing. If Twitter breaches a representation, Musk still has to close unless the breach causes a material adverse effect. 3 But if Twitter […]
Opinion | From the Big Short to the Big Scam – The New York Times
You can ask the same question about crypto in general. I’ve been in a number of meetings in which skeptics ask, as politely as they can, what cryptocurrencies do that can’t be done more easily with more conventional means of payment. They also ask why, if crypto is the future, Bitcoin — which was introduced […]
Senators to Propose Industry-Friendly Cryptocurrency Bill – WSJ
Among other objectives, the bill seeks to carve some cryptocurrencies out of the Securities and Exchange Commission’s jurisdiction. It also would create new concepts in the nearly 90-year-old securities laws that would allow issuers of some digital tokens to meet lighter disclosure requirements than public companies face. SEC Chair Gary Gensler has said most cryptocurrencies […]
IRA Financial Trust Brings Lawsuit Against Gemini Trust Company Alleging Crypto Exchange Security Failures
IRA Financial Trust (IRA), a leading platform for self-directed retirement and pension accounts, has filed a lawsuit against Gemini Trust Company (Gemini), a cryptocurrency exchange and custodian, following a February 2022 theft of $36 million of crypto assets in Gemini’s custody belonging to customers’ retirement accounts. *** As stated in the complaint, the lawsuit, IRA […]
Elizabeth Holmes Won’t Testify in Ex-Boyfriend, Theranos COO’s Trial
Since Balwani’s trial began, legal experts and curious onlookers alike have wondered whether Holmes might testify against Balwani in exchange for some leniency in her sentencing, although it’s not known whether she was offered that opportunity. They got their answer today, when the prosecution confirmed in an evidentiary hearing that Holmes would not in fact […]