Daily Archives: December 12, 2022, 11:44 pm

As bitcoin plummets, Miami vows to hold onto its crypto dreams – The Washington Post

When Miami Mayor Francis Suarez unveiled an 11-foot, 300-pound black fiberglass reproduction of the Wall Street bull last spring, he hailed it as a symbol of the city’s arrival as the “capital of crypto.” “Welcome to the future,” he said, calling for digital currencies like bitcoin to be “integrated into every aspect of society” before the end of the year.…

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Former IRS Chief of Criminal Investigation and General Counsel of NYS Department of Financial Services Richard Weber Joins Winston & Strawn as Litigation Partner in New York

Winston & Strawn LLP today announced that Richard Weber has joined the firm’s New York office as a partner in the Litigation Department and as a member of the White Collar, Regulatory Defense & Investigations Practice. Source: Former IRS Chief of Criminal Investigation and General Counsel of NYS Department of Financial Services Richard Weber Joins Winston & Strawn as Litigation…

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DLA Piper adds Patrick Bryan as a partner in the firm’s Litigation group | DLA Piper

DLA Piper is continuing the growth of its Litigation practice with the addition of Patrick Bryan as a partner in the firm’s Washington, DC office. Bryan is a leading authority in the financial services and enforcement sector. Over the last nine years, he has served in senior roles for three principal regulators, the Public Company Accounting Oversight Board (PCAOB), the…

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Speech by SEC Commissioner Hester M. Peirce: “It’s Not Just Scope 3: Remarks at the American Enterprise Institute”

It is not the Southeastern Conference Commissioner’s job to get into the huddle to pick what play the team should run. Nor is it the Securities and Exchange Commission’s job to tell companies how to operate. SEC disclosure mandates are intended to be flexible enough to facilitate material disclosures by companies of all sizes and types. Sometimes, however, the SEC…

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Exclusive-U.S. Justice Dept is split over charging Binance as crypto world falters – sources | Reuters

Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world’s largest cryptocurrency exchange Binance, four people familiar with the matter have told Reuters. The investigation began in 2018 and is focused on Binance’s compliance with U.S. anti-money laundering laws and sanctions, these people said. Some of the at least half dozen…

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Ernst & Young’s Germany Branch Escapes Wirecard Fraud Lawsuit

A German accounting firm affiliated with, but distinct from, Ernst & Young Global Ltd. won’t remain in a US investors’ suit over the collapse of Wirecard AG, a finance company that allegedly invented fictional escrow accounts worth €1.9 billion. Ernst & Young GmbH Wirtschaftspruefungsgesellschaft lacks enough of a link to the US to be sued in federal court in Pennsylvania…

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Opinion | Cryptocurrency contagion has yet to infect the wider financial system – The Washington Post

Considering that crypto was supposed to be a world-shaking innovation, a revolutionary paradigm that was going to gut-renovate the world’s archaic payments systems, it’s surprising how little the industry’s ongoing meltdown has mattered. Of course, it matters a great deal to people who invested in cryptocurrencies that later shed most of their value, or the various crypto companies that are…

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