Daily Archives: September 20, 2022, 8:35 am

Coloradans can now pay state tax bills with cryptocurrency – Axios Denver

Gov. Jared Polis made good on a promise earlier this year by announcing Monday that Colorado residents can now pay state taxes with cryptocurrencies. Driving the news: The Democrat chose the first day of Denver Startup Week to formally announce that residents have the option to pay online. Individual income tax, business income tax, sales and use tax, withholding tax,…

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Weil Adds Partner Daniel L. Stein as Co-Head of White Collar Practice in New York – Weil, Gotshal & Manges LLP

International law firm Weil, Gotshal & Manges LLP announced today that Daniel L. Stein has joined the Firm as Co-Head of the global White Collar Defense, Regulatory and Investigations practice, based in Weil’s New York office. Source: Weil Adds Partner Daniel L. Stein as Co-Head of White Collar Practice in New York – Weil, Gotshal & Manges LLP

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O’Melveny Welcomes Former U.S. Department of the Treasury FinCEN Deputy Director AnnaLou Tirol

O’Melveny announced today that AnnaLou Tirol, former Deputy Director of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), is joining the firm’s Washington, DC office on October 3 as a partner in its White Collar Defense & Corporate Investigations Practice Group, and in the firm’s Fintech and National Security Groups. Source: O’Melveny Welcomes Former U.S. Department of…

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Crypto Firm Ripple Labs Fights SEC by Claiming Its Investors Have No Rights – Bloomberg

Ripple over the weekend filed a motion seeking dismissal of the suit before trial in federal court in Manhattan. The company argued that XRP can’t be considered a security because there was no “investment contract” granting investors rights or requiring the issuer to act in their interests. *** The regulator also asked for a ruling in its favor without trial,…

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Morgan Stanley Pays $35 Million SEC Fine Over Data-Security – Bloomberg

Morgan Stanley will pay $35 million to settle US Securities and Exchange Commission allegations that one of its units failed to secure the personal data of millions of customers when replacing company hard drives and servers. The firm’s Morgan Stanley Smith Barney arm disposed of thousands of devices without ensuring they had been properly wiped of personal information, according to…

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SEC Lawsuit Hints at Case for US Jurisdiction Over Ethereum Network – Bloomberg

The suit lodged Monday is against the founder of a crypto investment research firm over allegedly undisclosed incentives linked to an initial coin offering. It also detailed the movement of Ether tokens in relation to the case. Those Ether transactions originated in America and “were validated by a network of nodes on the Ethereum blockchain which are clustered more densely…

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States faster than the feds to regulate crypocurrency – The Washington Post

While federal regulators took no action, Borg and his counterparts in Texas, New Jersey, Kentucky and Vermont targeted the operations of two key crypto players at the heart of this summer’s crypto meltdown, Celsius and Voyager, filing cease and desist orders against them months before the self-styled crypto banks declared bankruptcy. The state financial watchdogs also were way ahead of…

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Capital One Data Breach-Related Securities Suit Dismissed | The D&O Diary

Readers of this blog know that in recent years, plaintiffs’ lawyers have filed a number of D&O lawsuits against companies that experience cybersecurity-related incidents. Overall, the plaintiffs’ track record on these cases is at best mixed, and a number of high-profile cases have been dismissed. In the latest example of the dismissal of a cybersecurity-related securities suit, the court in…

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