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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInProsecutors argue “insider trading” claim in the OpenSea case is accurate
Chastain argued the use of “insider trading” to describe his alleged actions is “inflammatory” and doesn’t have anything to do with the accusations he faces, adding a jury may be influenced by the term if his case is brought to trial. He also added that “insider trading” only applies to securities and not to NFTs, […]
Preeminent Litigator Michelle N. Lipkowitz Joins Mintz | Mintz
Mintz is pleased to announce that Michelle N. Lipkowitz has joined the Washington, DC office as a Litigation Member. She will also sit on the firm’s Equity Advisory Council, a subcommittee of the Policy Committee, which advances efforts to enhance diversity and inclusion in the legal profession. Source: Preeminent Litigator Michelle N. Lipkowitz Joins Mintz | Mintz
SEC Climate Rules Pushed Back Amid Bureaucratic, Legal Woes
The Securities and Exchange Commission will miss a self-imposed October deadline for final rules as it continues to sift through thousands of public comments and factors in a June Supreme Court ruling that endangers the agency’s normally broad authority to regulate Wall Street. The commission was forced to reopen its comment file earlier this month […]
JPMorgan Adds Crypto Policy Head After Dimon ‘Ponzi Scheme’ Quip
JPMorgan Chase & Co. has hired a new head of digital assets regulatory policy, less than a month after CEO Jamie Dimon told lawmakers that cryptocurrencies are “decentralized Ponzi schemes.” Aaron Iovine joined the company this week as executive director for digital assets regulatory policy, a newly created role, a JPMorgan spokeswoman confirmed. He was […]
Decentraland, Sandbox Virtual Land in Metaverse Is Cheap and Very Risky – Bloomberg
When crypto values sank this year, prices for virtual land, which is generally bought and sold with digital tokens, also plummeted. Average prices in Decentraland and The Sandbox, two popular blockchain-based online worlds, declined roughly 80% between early November 2021 and the beginning of this month, according to data compiled by analytics company WeMeta. Prices […]
U.K. Regulator’s Enforcement Director to Step Down Next Year – WSJ
The executive director for enforcement and market oversight at the U.K.’s Financial Conduct Authority, which also supervises compliance by U.K. cryptocurrency firms with anti-money-laundering laws, said he would step down next spring, the agency said Tuesday. Mark Steward was appointed to his role at the finance regulator seven years ago. He was known for leading […]
Coinbase Piles On Support for Grayscale’s EFT by Filing Amicus Brief in Effort to Reverse SEC’s Rejection
Coinbase filed an amicus brief supporting a Grayscale Investments lawsuit against the Securities and Exchange Commission (SEC) for rejecting the firm’s proposal for a spot bitcoin (BTC) exchange-traded fund, adding to one filed Tuesday by three trade groups representing a wide swath of the crypto industry supporting the lawsuit. In the brief submitted Tuesday to […]
ESG non-PR
Eventually some US company is going to attempt to win favor with Texas regulators by announcing “we have a plan to increase our use of fossil fuels in order to pollute more,” and then it will turn out that it did not actually increase its use of fossil fuels, and then it will get sued for securities […]