Daily Archives: March 10, 2023, 6:22 pm

Former U.S. District Judge George Hazel to Join Gibson Dunn in Washington, D.C. – Gibson Dunn

Gibson, Dunn & Crutcher LLP is pleased to announce that George Hazel will join the firm’s Washington, D.C. office as a partner.  Hazel, formerly a U.S. District Judge for the District of Maryland, will serve as a member of the firm’s Litigation and White Collar Defense and Investigations Practice Groups. Source: Former U.S. District Judge George Hazel to Join Gibson…

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Fed Unveils Crypto Team to Keep Tabs on Assets

The Federal Reserve is assembling a new crypto-focused team to help ensure the central bank can stay on top of developments in the asset class. Michael Barr, the Fed’s vice chair for supervision, said Thursday the group would help bolster oversight abilities. He also warned about potential dangers of stablecoins and said that the central bank was working on additional…

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SEC Settles Insider Trading Charges Against Spouse of Corporate Insider

The Securities and Exchange Commission announced today that California resident Mahmoud Abdelkader has agreed to settle charges for insider trading in the securities of Audentes Therapeutics, Inc. before the December 2, 2019 public announcement that Audentes would be acquired by Astellas Pharma, Inc. for approximately $3 billion. According to the SEC’s complaint, Abdelkader’s wife worked for Audentes. The SEC alleges…

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What Happens If Ether Is a Security?

Is ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest by market cap behind bitcoin, an investment security? The question has been a source of simmering speculation ever since Ethereum switched last year to a “proof-of-stake” blockchain network where investors can “stake” their coins in exchange for rewards – not too dissimilar from the interest that’s paid…

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Silicon Valley Bank’s Financial Stability Worries Investors – The New York Times

Silicon Valley Bank’s spiral was set off by its surprise announcement Wednesday that it would take extraordinary and immediate steps to shore up its finances amid a dimming economic environment for the start-ups and other technology companies that dominate its client base. The bank disclosed that it had sold off $21 billion of its most liquid, or easily tradable, investments;…

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