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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInRemoving Sanctions on Crypto Mixer Tornado Cash Won’t Be Easy – WSJ
Cryptocurrency firms including Coinbase Global Inc. and advocacy groups likely face a long journey—and long odds—to win their lawsuits aiming to remove crypto mixer Tornado Cash from the U.S. Treasury Department’s sanctions list, where it landed due to money-laundering allegations. Efforts to be removed from the Treasury’s sanctions list can be costly and time-consuming, and […]
Debunking the narratives about cryptocurrency and financial inclusion
Before embracing cryptocurrencies or overstating their potential, policymakers should first clarify the problems they are trying to solve, and more importantly, why they are trying to solve them. When it comes to crypto and financial inclusion, there are fluctuating and contested terms and narratives. Thus, it may be difficult to discern what groups, problems, or […]
Corporate Boards Are Getting Younger Thanks to Retiring Boomers – Bloomberg
The Great Resignation. The Big Quit. The Great Reshuffle. Call it what you want, but a spate of early retirements brought on by the pandemic helped make corporate boards younger. According to Bloomberg ESG data, the average age of board members at Russell 1000 companies dropped to 61.8 years through Oct. 2022, down from a […]
Coinbase Says Reddit’s Success Highlights the Potential for NFTs
Reddit non-fungible tokens (NFT) have dominated conversation in cryptocurrency markets this week after they generated $2.5 million in daily trade volume and prompted 3 million people to sign up for NFT wallets on the social media platform, Coinbase (COIN) said in a report Wednesday. *** “Facebook, Instagram and Twitter all have NFT integrations, but those […]
Delaware Court Holds D&O Insurance Covers Fraudulent Transfer Claim Settlement | The D&O Diary
In the latest development a long-running D&O insurance coverage dispute, a Delaware Court has held that Verizon’s D&O insurance program covers the company’s $95 million settlement of a bankruptcy Trustee’s fraudulent transfer claim. In reaching this conclusion, the Court held, among other things, that the fraudulent transfer claim was a “Securities Claim” within the meaning […]
Crypto Dominates the Worst ETF Debuts: FT
Cryptocurrency exchange-traded funds (ETFs) account for five for the worst seven debuts in ETF history, according to Morningstar Direct data, the Financial Times reported on Friday. The five funds were all linked to the performance of crypto or blockchain. The worst performer was France-based Melanion BTC Equities Universe fund, which invests in companies such as […]