Teresa Goody Guillén, a veteran of the U.S. Securities and Exchange Commission, is among the candidates president-elect Donald Trump is considering to lead the agency, people familiar with the situation said. Goody Guillén is a partner at law firm BakerHostetler and co-lead of its blockchain practice. Crypto companies are privately advocating for her to head the regulator based on her…
An even more frightening scenario looms on the horizon. Consider the next US administration, swept into power on a wave of deregulation promises. In this regulatory vacuum, we could witness things that make FTX’s misdeeds seem like mere child’s play. Institutional players, freed from meaningful oversight, could create byzantine investment vehicles, packaging and repackaging digital assets into synthetic products that…
The Securities and Exchange Commission today announced that BIT Mining Ltd., formerly known as 500.com Limited, agreed to pay a $4 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) from 2017 to 2019 by engaging in a widespread bribery scheme to influence numerous foreign officials, including members of Japan’s parliament, in efforts to…
A notorious crypto hacker’s wife — who rapped under the name Razzlekhan and styled herself as the “Crocodile of Wall Street” — was sentenced to 18 months in prison on Monday for helping her husband launder stolen bitcoin now worth $10 billion. Heather Morgan, 34, was handed the sentence by a federal judge in Washington, DC – just days after…
The top US prosecutor in Manhattan has privately told people he’ll step down before Donald Trump is inaugurated in January, marking the end of his tenure aggressively prosecuting crimes across Wall Street. Damian Williams, who has served as US Attorney for the Southern District of New York since 2021, has shared his plans with associates following Trump’s election this month,…
We talked last month about MicroStrategy’s plan here, which is pretty straightforward. MicroStrategy is essentially a pot of Bitcoins: Currently it owns 331,200 Bitcoins, and Bitcoin is trading at around $91,000, making MicroStrategy’s pot worth about $30 billion. It also runs an enterprise software business but that hardly seems relevant. MicroStrategy’s market capitalization is about $84 billion, meaning that it…
Earlier in the day, my colleague Matt Phillips noted how the decision by Palantir Technologies to move its share listing from the NYSE to the Nasdaq could spur another wave of buying from exchange-traded funds that track the Nasdaq 100. The X account of Alex Moore, a board member at the company, tweeted the quiet part out loud. Quite colorfully.…