President-elect Donald Trump is meeting with the CEO of cryptocurrency exchange platform Coinbase Monday, according to people familiar with the matter. The duo is expected to discuss personnel appointments for his second administration. The meeting between Trump and Brian Armstrong would mark the first time the two have met since Election Day and comes as Trump continues to fill out…
Brad Bondi, Global Co-Chair of Investigations and White Collar Defense at law firm Paul Hastings, is one of several people being considered as president-elect Donald Trump’s appointment to the SEC, three sources connected to either Bondi or indirectly to Trump’s transition team told Unchained. Bondi has emerged as a potential pick this week amidst a flurry of news articles suggesting…
Canellos is not a fan of the way the materiality standard has been applied to the cyber security cases. From the panel transcript: Okay, look, I think the rules in general were much needed. Right? I think we had very little guidance in this and I applaud the commission for coming up, taking a stab at it. Their rulemaking, I…
New York may be an ultra-competitive legal market but many of the city’s leading law firms are becoming increasingly focused on taking market share in a different city: London. In recent months, firms such as Cravath Swaine & Moore; Davis Polk & Wardwell; Cleary Gottlieb Steen & Hamilton; and Skadden, Arps, Slate, Meagher & Flom, among others, have all hired…
My take is that Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission will resign soon (the people have spoken) and that on January 20, 2025, President Donald Trump will designate either of the current Republican SEC Commissioners — Hester Peirce or Mark Uyeda — as “Acting” SEC Chair. (Unless she opts not to accept, Peirce seems…
Digital assets “are just that—assets, not investment contracts covered by federal securities laws,” the complaint says. They should therefore be regulated by the states, it says. To hold otherwise will allow the SEC “to regulate (and displace State regulation of) not only all transactions in digital assets but also a boundless array of other assets as well, from collectibles to…