Coinbase submitted a Freedom of Information Act request on Monday to the U.S. Securities and Exchange Commission to account for how much its “regulation-by-enforcement campaign waged against crypto companies under former Chair Gary Gensler” has cost taxpayers. […] Jason H. Gart, vice president of research firm History Associates Inc., wrote on behalf of Coinbase that it has reviewed the SEC’s…
The U.S. Securities and Exchange Commission is offering some employees $50,000 if they choose to resign or to retire under an early retirement program, according to an agency memo seen by Reuters. The SEC and other federal agencies have been looking at ways to cut staff and costs to meet demands from President Donald Trump’s administration. SEC employees have until…
The Securities and Exchange Commission’s Los Angeles and Philadelphia regional offices could close in coming months as part of an effort by the General Services Administration to reduce federal government office space and related costs. The GSA plans to terminate those two leases, the SEC’s Chief Operating Officer Ken Johnson told staff in an email Monday that was reviewed by…
Staff members at the U.S. Securities and Exchange Commission have “agreed in principle” to drop their lawsuit against the cryptocurrency exchange Kraken, signaling a “turning point” for U.S. crypto regulation under the Trump administration, the company announced Monday. The financial regulator has in recent weeks dismissed or paused several cases against cryptocurrency platforms, including Robinhood’s crypto unit, as the Trump…
By law and in practice, responsibility for SEC action lies with its presidentially-appointed Commissioners, not its career staff. Commissioner Peirce, my colleague and head of the SEC Crypto Task Force, spoke to this yesterday when she said that staff “appropriately worked hard to execute as effectively as possible the Commission’s directives” on an enforcement matter. No matter our policy differences,…
Global law firm White & Case LLP has added a group of three top litigation partners to its New York office. The elite team is led by Jonathan Polkes, one of the United States’ preeminent litigators who joins the Firm as Co-Head of its Global Litigation Practice, and includes Stacy Nettleton and Adam Banks. Source: White & Case Continues Strategic…
Crypto prices surged Sunday after President Trump said he would move forward on a U.S. crypto strategic reserve that would include bitcoin and ether, as well as three smaller and riskier tokens. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” said Trump in a Sunday post on his social-media platform…
Latham & Watkins LLP is pleased to announce that Ed Siskel has joined the firm’s Chicago and Washington, D.C. offices as a partner in the White Collar Defense & Investigations Practice and as a member of the Litigation & Trial Department. Siskel most recently served as White House Counsel for President Joseph R. Biden, Jr. His career includes notable leadership…