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Join the Securities Litigation and Enforcement Group on LinkedInNearly Half of SPACs Are Likely to Liquidate If SEC Rules Are Adopted | Institutional Investor
The Securities and Exchange Commission’s proposed new rules on special purpose acquisition companies could force almost half of the SPACs that are still searching for a merger partner into liquidation, according to a new report from SPAC Insider. Those SPACs account for $80.6 billion in capital that is now held in trust, but which would […]
Crypto Ads Starring Matt Damon, Tom Brady Vanish From Television – Bloomberg
Matt Damon’s pitch to invest in crypto has disappeared from US television sets. Same goes for glitzy commercials starring LeBron James and Tom Brady. The drop in national TV marketing by the industry in the US has coincided with the selloff in Bitcoin and other crypto assets, according to the TV-ad measurement company ISpot.tv Inc., which […]
Joe Weisenthal on Tornado Cash: Five Things You Need to Know to Start Your Day – Bloomberg
Take away the uncensorability of crypto, and all you’re left with is Ponzi schemes, dog coins, and drawings of monkeys. (Wait! That’s basically all that exists right now in the space, so ignore that thought.) Anyway, by sanctioning a piece of software and some addresses associated with it, it may show that uncensorability is just […]
Tesla Legal Head Who Led Purchasing Probe Has Left Automaker
Tesla Inc. has parted ways with the law department leader heading an internal inquiry into purchase orders at the electric vehicle maker. David Searle left his position as Tesla’s head of legal less than a month ago, according to three people familiar with the matter. Dinna Eskin, a deputy general counsel at the company, has […]
SEC Brings Insider Trading Charges Against Family Member of Silicon Valley Executive
The SEC’s complaint alleges that Daniel of South Miami, Florida misappropriated material nonpublic information regarding the acquisition during a telephone call with his mother that occurred while his mother was at the home of Daniel’s close relative, a senior employee at Cypress. Daniel, the SEC alleges, learned during this phone call that his family member […]
They Lost Crypto in the Crash. They’re Trying to Get It Back. – The New York Times
About 58,000 customers held cryptocurrencies in the company’s custody accounts. The lawyer whom Mr. Little’s group hired, Kyle Ortiz, plans to argue that those funds — worth $180 million — remain the customers’ property under the terms of service. For Celsius’s interest-bearing accounts, that would be a difficult case to make, legal experts said. But […]