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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInNot Now, Coinbase – Bloomberg
After the collapse of FTX, what is the path forward for crypto regulation? I have no idea! The basic situation in the US is that regulators — mainly, the US Securities and Exchange Commission — are pretty hostile to crypto, and if a crypto exchange comes to the regulators and says “how can I set up a full-service, […]
Regulating Crypto: How we move forward as an industry from here – Coinbase Blog
Perhaps the most complex point that needs clarity is around which crypto assets are commodities and which are securities. The CFTC and SEC have been debating this issue in the U.S. for several years now, but unfortunately they haven’t provided any clarity to the market. At this point, it seems clear that Congress needs to […]
SEC Whistleblower Program Improved With More Work Ahead, IG Says
The Securities and Exchange Commission’s whistleblower program still faces steep backlogs as the amount of tips explode, but it has improved at its basic task of making sure helpful tipsters get the money they deserve, an Inspector General’s audit concluded. The report released Tuesday noted that tipsters still wait, on average, more than a year to […]
SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme
On December 14, 2022, the Securities and Exchange Commission announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year front-running scheme that generated at least $47 million in illegal […]
Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal – The New York Times
Sam Bankman-Fried’s legal team is discussing a deal with federal prosecutors that could allow the disgraced cryptocurrency mogul to be released on bail when he is extradited to the United States, according to three people with knowledge of the matter. The terms of the deal remain fluid, the people said, and any agreement would require […]
Next Financial Crisis Will Be From Crypto if It’s Not Banned: Indian Central Bank Governor
India’s central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from “private cryptocurrencies” if they are allowed to be regulated and not banned outright. Das was speaking at the Business Standard BFSI Insight Summit on Wednesday. “Our view is that it should be prohibited because if you try to regulate […]