But the Securities Clarity Act would avoid that process by going back and amending key securities laws, including the foundational Securities Act of 1933 and Securities Exchange Act of 1934, to explicitly exempt blockchain-based, fungible tokens from securities regulation. That means tokens like Ethereum, Solana, Cardano, XRP, and potentially thousands of others—many of which that were, until very recently, the…
The U.S. Department of Justice on Wednesday barred its attorneys from traveling to or speaking at American Bar Association events, in the latest salvo by President Donald Trump’s administration against the nation’s largest voluntary lawyer group. U.S. Deputy Attorney General Todd Blanche in a memo seen by Reuters said the ABA had been engaging in “activist causes” contrary to the…
Courts will hear a wider variety of cryptocurrency claims after changes in Washington have left a gap in traditional cases, attorneys say. The judiciary will turn to class actions initiated by investors as a primary forum to decide which laws apply to the assets, a pivot away from enforcement actions brought by the government. The Securities and Exchange Commission moved…
The U.S. Senate confirmed Paul Atkins on Wednesday as the next chair of the U.S. Securities and Exchange Commission. The vote was 52-44. “We welcome Paul Atkins as the next Chairman of the SEC,” acting Chair Mark T. Uyeda and Commissioners Hester M. Peirce and Caroline A. Crenshaw said in a statement. “A veteran of our Commission, we look forward…
President Trump began his Wednesday with some advice for those rattled by his steep tariffs. “BE COOL,” Mr. Trump told his followers on social media after the markets opened. Just a couple of minutes later he wrote, “THIS IS A GREAT TIME TO BUY!!!” Hours after that, Mr. Trump sent the markets soaring when he paused the levies for 90…