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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInWhat is regulation by enforcement — and is it bad? – Protocol
Congress has inched toward new rules for crypto, often with support from the industry. Sens. Kirsten Gillibrand and Cynthia Lummis have indicated their bipartisan crypto bill is unlikely to pass this year, but could have sections approved through committee. Sens. Debbie Stabenow and John Boozman introduced a separate bipartisan bill on Wednesday that would give […]
Coinbase Hit With Another Class Action Lawsuit Following SEC Allegations
Beleaguered US cryptocurrency exchange Coinbase is staring down yet another class action lawsuit. Law firm Bragar Eagel & Squire filed the suit on Thursday in the US District Court of New Jersey, alleging Coinbase made false or misleading claims about its business activities and compliance policies for more than a year, according to a statement. […]
Crypto Becomes Next Financial Sector Under US Lawmakers’ Diversity Lens
Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee, has asked 20 of the largest cryptocurrency firms doing business in the U.S. to explain their hiring practices as the panel adds the digital assets industry to the financial sectors it has questioned about employment diversity. Waters, who is also leading an effort […]
NYC’s Comptroller Strikes Back at Republicans’ ESG Criticisms – Bloomberg
New York City Comptroller Brad Lander, who helps oversee about $240 billion in pension funds, said efforts by conservative US states to thwart the financial industry’s plans to address climate change are just a cover to defend the interests of oil companies. Lander is referring to the growing backlash by elected officials from Republican-led states […]
Coinbase’s Rapid Rise Left It Exposed in Crypto’s Collapse – WSJ
Almost every crypto company is struggling, with bitcoin prices off more than 50% this year, and Coinbase’s struggles reflect those of many others in the industry. If crypto prices rise, Coinbase is likely to emerge a winner. The firm’s stock rose sharply this week, a potential sign of investor faith in its future. But after […]
ESG Veteran Kristyn Noeth Joins Mintz’s Robust Corporate and Energy & Sustainability Practices | Mintz
Mintz has enhanced its Environmental, Social, and Corporate Governance (ESG) practice with the addition of renowned industry specialist Kristyn Noeth. She will be based in Mintz’s New York City office. Source: ESG Veteran Kristyn Noeth Joins Mintz’s Robust Corporate and Energy & Sustainability Practices | Mintz
Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer
Widely circulated reports that the U.S. Securities and Exchange Commission (SEC) is investigating $20 billion crypto exchange Coinbase are just the tip of the iceberg, according to a staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office. The staffer says every U.S. crypto exchange—and the largest crypto exchange in the world, Binance—are in various stages of […]
Meet the accountants who may become the new power brokers of taxes. – The New York Times
Here’s where the accounting officials come in. Nearly 50 years ago, the Securities and Exchange Commission gave responsibility for writing and updating its “generally accepted accounting principles,” which determine how quarterly and annual profits are calculated, to the Financial Accounting Standards Board, a private organization funded by corporations and overseen by a nonprofit group, the […]
Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again
Saylor and MicroStrategy then spent two decades mostly under Wall Street’s radar. Not that he was suffering. MicroStrategy kept plugging away, developing software for businesses. Saylor lived in a Miami Beach, Fla., mansion that looks like a Spanish colonial palace. A recent visit by a CoinDesk reporter revealed painted cherubs on the foyer ceiling, gold […]
Twitter rejects Elon Musk’s claims that he was hoodwinked
Twitter on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims in a countersuit that he filed under seal last Friday, which was made public on Thursday. “According to Musk, he […]