‘Enforcement 40’ for 2020
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The U.S. Justice Department is creating a national cryptocurrency enforcement team to tackle investigations and prosecutions of criminal misuses of cryptocurrency and to recover the illicit proceeds from these crimes, Deputy Attorney General Lisa Monaco said Wednesday. The creation of the National Cryptocurrency Enforcement Team, which would be under the supervision of Assistant Attorney General […]
Ripple lawsuit raises hopes as ‘Crypto Mom’ condemns SEC policy – FinanceFeeds
Hester Peirce, who has recently published a statement together with Commissioner Elad Roisman against the way the agency is regulating cryptocurrencies, has delivered her harshest assessment yet at an interview with Yahoo Finance. “It is disconcerting to me that for three years now I’ve been asking for regulatory clarity, and we can’t seem to provide […]
Dentons welcomes nationally recognized SEC enforcement lawyer David Kornblau
Dentons, the world’s largest law firm, announces today that David Kornblau, a leading Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) enforcement practitioner, has joined the Firm as a partner and will reside in its New York office. Source: Dentons – Dentons welcomes nationally recognized SEC enforcement lawyer David Kornblau
New Top Federal Prosecutors in Manhattan and Brooklyn Are Confirmed – The New York Times
The U.S. Senate confirmed Damian Williams late Tuesday as the new U.S. attorney for the Southern District of New York, the office of Senator Chuck Schumer said, making Mr. Williams the first African American to lead one of the nation’s most powerful federal prosecutor’s offices. Source: New Top Federal Prosecutors in Manhattan and Brooklyn Are […]
U.S. Won’t Ban Crypto Like China, Says SEC Chair Gensler – Bloomberg
Securities and Exchange Commission Chair Gary Gensler has had multiple dust-ups with crypto firms but even he says the U.S. won’t follow China’s lead in banning digital tokens. Gensler said Tuesday that the government’s focus is on ensuring that the industry adheres to investor and consumer protection rules, anti-money laundering regulations and tax laws. He […]
Leading white collar crime duo exits Greenberg Traurig for HFW – The Global Legal Post
Barry Vitou has left his role as global co-chair of Greenberg Traurig’s corporate crime and investigations practice for HFW, along with Greenberg partner and former Serious Fraud Office (SFO) prosecutor Anne-Marie Ottaway. Source: Leading white collar crime duo exits Greenberg Traurig for HFW – The Global Legal Post
Is the Stock Market Open at 3 a.m.? This Startup Says It Should Be – WSJ
The startup, 24 Exchange, said it filed key parts of its application for a national stock-exchange license with the SEC on Monday, including a rulebook and user manual detailing its proposed approach to trading hours. Under decades-old conventions, the bulk of stock trading takes place between 9:30 a.m. and 4 p.m. ET on weekdays, and […]
Warren urges SEC to open insider trading probe into Fed Vice Chair Clarida, others
Sen. Elizabeth Warren on Monday urged the Securities and Exchange Commission to investigate whether three Federal Reserve leaders violated insider trading rules in 2020, when they bought and sold assets as the central bank ramped up efforts to save the U.S. economy from economic turmoil. Warren, who sits on the congressional committee that oversees the […]
Coinbase Avoids SEC Clash by Dropping Crypto Lend Product
While Coinbase’s decision to forgo its planned launch of Lend apparently avoids a head-on collision with the SEC, the events of the past month demonstrate both the SEC’s readiness to pursue enforcement action in the digital asset space as well as the crypto industry’s dissatisfaction with the guidance provided by the SEC regarding the ground […]
Opinion | Why Public Officials Should Invest in the Index Mutual Fund – The New York Times
Senator Sherrod Brown of Ohio, the Democrat who chairs the Senate Banking Committee, which oversees the Fed, said this week that he planned to introduce legislation barring senior Fed officials from owning shares of stock in individual companies. That ban should apply to Mr. Brown and his colleagues, too. It should apply to judges. It […]