Attending a panel on “optimizing legal and compliance partnerships,” and my partner Steve Gannon made a very perceptive and actionable point. We are used to regulatory and enforcement shifts between Administrations — but this is a “paradigm shift.” Regardless of one’s views on the merits of the changes, the new Administration — through EOs and other organizational and structural changes…
Robinhood Markets Inc. has moved past its meme stock days to become known as the go-to trading platform for retail investors of all stripes – crypto zealots, novice financiers and sophisticated speculators alike. Now it’s taking it a step further: It also wants to be your bank. Robinhood will roll out checking and savings accounts later this year to its…
Simpson Thacher & Bartlett LLP today announced that Adam Aderton has joined the Firm’s Washington, D.C. office as a Partner in its Government and Internal Investigations Practice and as a member of the Litigation Department. Source: Simpson Thacher Adds Leading Asset Management Litigation Partner
Unicoin CEO Alex Konanykhin said he’s asked the U.S. Securities and Exchange Commission to pull its investigation against the crypto operation and hasn’t yet received a response. Unicoin represented a final shot against the industry from previous Chair Gary Gensler’s SEC, which informed the firm in an official notice late last year that the regulator intended to accuse it of…
By allowing users to “copy trade” — that is, follow the successful financial moves of someone like Warren Buffett or Nancy Pelosi —Dub is betting that the future of finance will fuse social media with investing. The company, started in 2021 by then 19-year-old Steven Wang, launched as the only regulated copy-trading platform in the United States that lets users…
The current commissioners have stressed that they want to make the SEC more responsive to public companies and those seeking to raise capital. For example, Commissioner Peirce has said that the SEC wants Corp Fin and OCA to engage more with public companies on difficult disclosure issues, and to communicate early and often on the timing of reviews of registration…
President Trump on Tuesday signed an executive order targeting Jenner & Block, expanding his campaign of retribution against law firms he perceives as enemies. Trump cited the firm’s ties to Andrew Weissmann, who previously served as a top member of former special counsel Robert Mueller’s investigation into Russian interference in the 2016 election. “He’s a bad guy,” Trump said after…
The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seems to finally be near an end, with Ripple emerging victorious. The SEC will return the lion’s share of the $125 million-court ordered fine paid by Ripple last year, according to a Tuesday X post from Ripple’s chief legal officer Stuart Alderoty, keeping just $50…
The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Web3 gaming platform Immutable and will not file enforcement charges, according to a Tuesday announcement from the company. Immutable, an Australian company, disclosed that it had received a Wells notice — essentially an official heads-up from the SEC that it intends to file an enforcement action against the…
The Securities and Exchange Commission’s Crypto Task Force announced today it will hold four more roundtables in its ongoing series discussing crypto asset regulation. The dates and topics for each roundtable are as follows: April 11, 2025 – Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading April 25, 2025 – Know Your Custodian: Key Considerations for Crypto Custody…