Cryptocurrency regulation may shift as 21 state attorneys general (AGs) called on the Securities and Exchange Commission (SEC) to clearly define how digital assets should be regulated, and by whom. Their joint letter, sent Oct. 20 and led by Iowa Attorney General Brenna Bird, responded to Commissioner Hester Peirce’s February 2025 statement, “There Must Be Some Way Out of Here,”…
The Oregon Department of Justice sued Coinbase on Friday in state court, asserting that the cryptocurrency exchange encouraged and facilitated the sale of unregistered securities and “reaped millions of dollars in fees as Oregonians have faced huge losses, often devastating, from risky investments.” “States must fill [the] enforcement vacuum being left by federal regulators who are abandoning these cases under…
The SEC has dropped investigations into major crypto platforms and, at the same time, Trump has issued additional executive orders against Am Law 200 firms that largely backed prosecutions of cases against him, chilling dissent. The SEC shuttered its Crypto Enforcement Unit, and the U.S. Department of Justice disbanded its National Cryptocurrency Enforcement Team. “I don’t expect aggressive enforcement in…
Five U.S. states have reached a settlement agreement with GS Partners – the European operation behind several crypto investment schemes, including tokenized investments in a Dubai skyscraper – that will see investors get 100% of their money back, according to a Monday announcement from the Texas State Securities Board (TSSB). The exact size of the alleged scheme is unknown, but…