Daily Archives: August 16, 2022, 1:41 pm

SEC Sues Three Entities and Their Founder for Unregistered Crypto Asset Securities Offerings

The SEC alleges that in 2017, Roets, Dragonchain, and the Foundation conducted an unregistered offering of Dragon tokens (“DRGN”) in two phases: (1) a discounted “presale” in August 2017 to members of a crypto investment club, and (2) an initial coin offering (“ICO”) in October and November 2017 marketed predominately to crypto investors. Through this offering, the defendants allegedly raised approximately…

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King & Spalding Adds Financial Services Litigation Partner Jamie Dycus in New York – King & Spalding

King & Spalding announced today that partner Jamie Dycus has joined the firm’s Trial and Global Disputes practice group in the New York office. Dycus represents financial institutions and other commercial clients in a variety of complex litigation, regulatory and enforcement matters. Source: King & Spalding Adds Financial Services Litigation Partner Jamie Dycus in New York – King & Spalding

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Former Facebook General Counsel Joins Latham Watkins

Latham & Watkins LLP is pleased to announce that Colin Stretch, Facebook Inc.’s (now Meta Platforms, Inc.) General Counsel from 2013-2019, has joined the firm’s Washington, D.C. office as Of Counsel, with a focus on the Public Company Representation and Emerging Companies Practices. He will provide strategic counsel to clients, including pre-IPO and public companies and boards of directors, on…

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Tornado Cash’s Sanctions Show Shift in Crypto Regulatory Focus – WSJ

The U.S. Treasury Department’s decision to crack down on cryptocurrency platform Tornado Cash for allegedly being used to launder stolen funds—and the subsequent freezing of millions of dollars in assets by one of the largest U.S. stablecoins in compliance with the order—has prompted concerns of excessive government pressure from many crypto participants, particularly those in the decentralized finance sector. Citing…

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