Daily Archives: October 3, 2023, 8:35 am

Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto – Regulation Bitcoin News

Congressman John Rose (R-TN) asked Gensler: “Regarding cryptocurrencies … I’m interested in why you have pursued a litigation-heavy strategy despite the fact that neither you nor any of your senior staff are litigators — neither your Chief of Staff nor your Policy Director or even your General Counsel. Why have you settled on such a litigation-heavy strategy to address the…

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Securities Enforcement Forum Central 2023—Enforcement Trends Throughout the SEC 2022 Fiscal Year | Perkins Coie

Senior Division of Enforcement officials from various U.S. Securities and Exchange Commission (SEC) offices spoke with SEC alumni, private practitioners, and other legal professionals at the Securities Enforcement Forum Central 2023 (the Forum) in Chicago, Illinois, on September 19, 2023. In anticipation of the SEC’s 2022 fiscal year-end on September 30, panelists discussed emerging trends in SEC enforcement investigations and…

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SEC’s Busy Week Sends Wave of Work to Big Law | Law.com

The Securities and Exchange Commission has seen a particularly aggressive week in enforcement actions against broker-dealers, corporate insiders and others, resulting in a bonanza of work for Big Law and boutiques lately. Overall in September, the SEC announced settlements or charges in more than three dozen matters, and about 20 of those were in the last week. On Friday alone, the…

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Congress Can’t Let Gary Gensler Regulate Digital Assets Out of Existence

Congress must act promptly to thwart any new burdensome regulatory attempts in the future. Thankfully, House Majority Whip Tom Emmer has taken the lead in these efforts to combat Gensler and the SEC by introducing an amendment to the Financial Services and General Government appropriations bill. If enacted, this rider would prohibit the SEC from using taxpayer dollars for illegal…

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SBF’s Defense Will Be Tough – Bloomberg

The defense is that Bankman-Fried was incredibly naive. It not only requires you to believe that his lieutenants were stealing all the customer money without him noticing, that he made a series of innocent risk management mistakes while everyone else was building nefarious backdoors. It also requires you to believe that he believed in his stash of crypto, that he…

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