Daily Archives: November 21, 2023, 8:49 am

Former Assistant U.S. Attorney Yvonne Saadi Joins Blank Rome as a Litigation Partner in Pittsburgh | Blank Rome LLP

Blank Rome LLP is pleased to announce that Yvonne M. Saadi has joined the firm as a partner in the Commercial Litigation group in Pittsburgh. Yvonne has more than a decade of civil and criminal litigation experience, including serving for nearly five years as an Assistant U.S. Attorney (“AUSA”) in the U.S. Attorney’s Office for the Western District of Pennsylvania.…

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US DOJ Seeks More than $4B From Binance to End Criminal Case – Bloomberg

The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange. Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into…

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Exclusive: US securities regulator signals it may curb climate rule ambitions | Reuters

U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed. At issue are so-called Scope 3 emissions that account for greenhouse gases released in the atmosphere from a company’s supply chain…

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Celsius Revamp Plan Hits Speed Bump With SEC: Source

An ambitious plan to form a new crypto services business from the ashes of bankrupt lender Celsius has run into a speed bump with the U.S. Securities and Exchange Commission, according to a person familiar with the situation. A “back and forth” regarding information around assets held by the Celsius estate is taking place between the SEC, the Celsius Creditors…

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Wall Street heads to court to fend off Biden’s regulators | Reuters

“The regulatory agencies are more willing to cut corners. They’re giving industry short comment periods and they’re not going through the APA process,” said Tom Quaadman, an executive vice president at the U.S. Chamber of Commerce. The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against…

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SEC Charges Kraken for Operating as an Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency

The Securities and Exchange Commission today charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC’s complaint, since at least September 2018, Kraken has made hundreds of millions of dollars unlawfully facilitating the buying and selling of crypto asset…

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