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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSam Bankman-Fried haunts the halls of Congress, lawmaker says
“His ghost is still in this room. He haunts the halls of Rayburn,” Sherman said, referencing the Rayburn House Office Building in which the hearing was held. “But let’s remember why he was here. For one reason: To prevent the SEC from having jurisdiction over cryptocurrency.” *** The Thursday afternoon hearing was held by the […]
Representative Zach Nunn Introduces Bill to Protect Americans’ Digital Assets | Representative Nunn
Representative Zach Nunn (IA-03) today introduced new legislation to strengthen America’s national security and protect digital assets. The bipartisan Financial Technology Protection Act of 2023 would establish a working group among key federal government departments and intelligence agencies to help combat terrorism and illicit financing on digital platforms. *** The Financial Technology Protection Act of […]
Using crypto for crime is not a bug — it’s an industry feature | Financial Times
One of the (many) times I have been heckled during a panel on crypto was when I argued that it shouldn’t be thought of as money. The only reason to use it other than for speculation, I said, was to buy drugs on the internet. This was a preposterous idea, the heckler retorted; crypto is […]
Former prosecutor Jeff Schenk joins Jones Day | Jones Day
Jeff Schenk, former Assistant U.S. Attorney and Chief of the San Jose Branch of the U.S. Attorney’s Office for the Northern District of California, will join the Firm as a partner in the Investigations & White Collar Defense Practice. Mr. Schenk will be based in the Silicon Valley Office. Mr. Schenk spent the last 17 […]
Private Unicorns Need Disclosure Boost, SEC’s Lizarraga Says
Unicorns should publicly disclose more about their businesses under SEC rules that have allowed big private companies to report little, if any, information, Democratic SEC Commissioner Jaime Lizarraga said Wednesday. Unicorns, young private companies valued at $1 billion or more, should report their sizes, lines of business and other details that public companies must disclose, […]
PricewaterhouseCoopers to Pour $1 Billion Into Generative AI – WSJ
PricewaterhouseCoopers LLP plans to invest $1 billion in generative artificial intelligence technology in its U.S. operations over the next three years, working with Microsoft Corp. and ChatGPT-maker OpenAI to automate aspects of its tax, audit and consulting services. *** Once the models are fully trained and tested, Mr. Kande sees the technology being used to […]
With U.S. Crypto Regulations on the Way, Please Enjoy the Final Crypto Winter
As we clear a path through the wreckage of the crypto winter, the same bright future is coming for the blockchain industry. Bad actors are going to jail. Rules are getting clearer. And, most importantly, the companies involved in this ecosystem are starting to build real products and have valuations based on revenue and profits. […]
Meanwhile in Crypto – Bloomberg
…. “They understand crypto better than anyone,” says David Adler, a lawyer who represents a group of creditors in the Celsius case. “But the problem is translating that into the legal principles that the court has to apply.” I insist that if you put your money in Celsius then you did not “understand crypto better […]