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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCrypto Collapse: Blockchain-ish Brands Decay in Brutal Echo of Dotcom Era – Bloomberg
The crypto collapse has made Blockchain a dirty word. Bitcoin miner Riot Blockchain Inc., once the poster child for rebranding designed to capture the investment zeitgeist, now wants to be known as Riot Platforms after a near-90% share-price fall in 2022. It’s a symbolic moment that attests to the B-word’s shift to curse from blessing on the […]
Opinion | Blockchains, What Are They Good For? – The New York Times
A year ago Bitcoin and other cryptocurrencies were selling at record prices, with a combined market value of around $3 trillion; glossy ads featuring celebrities — most infamously Matt Damon’s “Fortune Favors the Brave” — filled the airwaves. Politicians, including, alas, the mayor of New York, raced to align themselves with what seemed to be […]
Jamie Dimon Again Slams Crypto, Calls Blockchain ‘Real’
JPMorgan CEO Jamie Dimon surprised no one as he held the stage at an Institute for International Finance (IIF) event, again calling crypto tokens “decentralized Ponzis” even as he praised aspects of blockchain technology. There’s plenty of illicit activity in crypto, said the man whose bank has been fined many billions of dollars for its […]
California Moves Forward to Allow Vital Records to be Issued on Blockchain
Californians will have the option of a blockchain-based delivery of their vital records after a new law was approved establishing the technology as an integral part of state recordkeeping. The state has been wrestling with a number of cryptocurrency proposals, and though Gov. Gavin Newsom vetoed a crypto licensing and regulation bill this week – […]
US Tech Bill Creates White House Blockchain Adviser Role
A U.S. bill to boost computer chip manufacturing that’s heading to President Joe Biden’s desk will also establish a crypto advisory role inside his administration. The bipartisan legislation, which cleared both chambers of Congress after a House vote on Thursday, will establish a new adviser on blockchain and cryptocurrency issues who will work in the […]
Disgraced hedge fund tycoon Phil Falcone raising money for crypto TV network
According to people familiar with Falcone’s pitch, the Minnesota native believes the world needs a 24-hour network exclusively devoted to covering cryptocurrencies, NFTs, and Web3 — and he wants to be the one to make it happen. The nascent network’s website is scant on details. The only description of the service says it is “Dedicated […]
Jay Clayton: America’s Future Depends on the Blockchain – WSJ
What is government’s role? Regulation is essential to our financial markets, and there is no doubt that tokenized financial assets should be regulated to ensure financial stability, promote capital formation, prevent illicit activity, and protect consumers. But there is more the U.S. government must do. Innovators must have assurances that if they follow time-tested regulatory […]
FinHub — SEC.gov
Welcome to the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub). As financial technologies, methods of capital formation, market structures, and investor interfaces continue to evolve, FinHub will play an important role in facilitating the SEC’s active engagement with innovators, developers, and entrepreneurs. In addition to being a resource for information about the SEC’s […]
Consensus 2018: Regulators Ready to Promote but Monitor Blockchain | ThirtyK
Robert A. Cohen, chief of the SEC’s newly created Cyber Unit, said his agency’s role is to facilitate and regulate new ways of raising capital. “We don’t regulate the technology, we regulate the financial industry,” he said. “Whenever a new technology or way to raise capital [emerges], a fundamental part of the mission is to […]