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Join the Securities Litigation and Enforcement Group on LinkedInSEC Should Absorb PCAOB Functions, Says Commissioner Peirce
Securities and Exchange Commission member Hester Peirce in a speech said that it may serve the public better if the PCAOB were eliminated and its functions incorporated into the commission—an idea which had been debated from time to time in the past but never became a reality. In Peirce’s view, the current construct is flawed. […]
Elon Musk Faces Investors in Court Over Tweet to Take Tesla Private – Bloomberg
Investors who filed suit over Elon Musk’s 2018 tweet stating that he was considering taking Tesla Inc. private are facing a crucial test in court. A federal judge in San Francisco will hear arguments Tuesday over whether Musk was intentionally deceitful when he unveiled the proposal to his millions of Twitter followers and said “funding […]
Andreessen Horowitz Went All In on Crypto at the Worst Possible Time – WSJ
As cryptocurrency prices soared last year, no investor bet more on the sector than Andreessen Horowitz. The storied venture-capital firm had developed a reputation as Silicon Valley’s greatest crypto bull, thanks largely to a 50-year-old partner named Chris Dixon who was one of the earliest evangelists for how the blockchain technology powering cryptocurrencies could change […]
Bitcoin Ponzi Operator Ordered Imprisoned for Civil Contempt
A Texas man who owes the SEC more than $40 million after admitting to the first bitcoin Ponzi scheme will be arrested and imprisoned for civil contempt unless he quickly provides overdue documents and payments. Trendon Shavers has disregarded several court orders, Judge Amos L. Mazzant said Monday for the US District Court for the […]
SEC’s Yuga Labs Probe Won’t Be Final Word on If NFTs Are Securities | Law.com
Since then, the world has seen NFTs endorsed by artists, wielded by large corporations, and inevitably, targeted by regulators. The arguably most famous NFTs—the apes—had managed to avoid regulatory attention until last week when the U.S. Securities and Exchange Commission opened a probe into Yuga Labs, the owner of not only the aforementioned Bored Ape […]
UK Police Has Crypto Experts Stationed Nationwide
The U.K. National Police Chiefs’ Council (NPCC) has stationed crypto tactical advisors in police departments nationwide to help investigate and seize digital assets tied to crime, an official said. “There are officers now in every force in every regional organized crime unit, trained and equipped to do that,” Andrew Gould, staff officer for NPCC’s cryptocurrency […]