‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC/Terraform Litigation: Compendium, Commentary and Takeaways | LinkedIn
For three hours, 28 minutes and 22 seconds tonight, there will occur a near-total lunar eclipse as the full moon is plunged into the blood-red light cast by Earth’s shadow. The so-called Beaver Moon, the longest in 580 years, will provide a special thrill for lunar stargazers. Of course, a Beaver Moon is a rare and […]
Where Are the (Crypto) Lawyers? | LinkedIn
It’s Déjà vu all over again at the SEC. At the 2021 SEC Enforcement Forum, Chair Gary Gensler of the U.S. Securities and Exchange Commission (SEC), seized the opportunity to admonish the rising crop of self-anointed fintech lawyers who too often advise their clients on how to circumvent U.S. securities laws — as opposed to […]
SEC cyber chief warns the agency is ‘very focused’ on policing crypto exchanges – MarketWatch
“The bottom line is that this is an area that is just crying out for clarity and further guidance from the staff or the commission,” said Michael Liftik, a partner at the law firm Quinn Emanuel. “If you look at across the activity from the SEC, it is…mostly enforcement-driven, and so a lot of time […]
Global Regulators Back Tougher Rules to Prevent Criminals From Using Crypto – WSJ
The task force called on governments to broaden regulatory oversight of crypto firms and force more of them to take measures such as checking the identities of their customers and reporting suspicious transactions to regulators. The FATF’s guidelines don’t have the force of law, and would need to be implemented by national regulators in each […]
Cryptocurrency Company Snared in SEC Dragnet Sues Regulator – WSJ
A cryptocurrency developer who was handed two subpoenas as he walked inside a hotel last month won’t comply with the demands—and is instead suing the federal regulator that issued them. Do Kwon, a South Korean citizen and resident, says the move by the Securities and Exchange Commission violated the agency’s rules and was designed either […]
Coinbase says U.S. should create a new cryptocurrency regulator
The U.S. should create a new regulator to oversee digital asset markets, Coinbase said in a new policy proposal released Thursday. It warned that failure to regulate appropriately could leave the country even further “behind” other governments. The proposal comes a day after one of its investors, venture capital firm Andreessen Horowitz, released its own […]
Cryptocurrency questions and answers with the experts
CNN Business talked to the biggest names in the crypto space — from billionaires who have made fortunes on crypto, to fierce detractors who argue that its societal costs outweigh any potential benefits — to answer your most pressing cryptocurrency questions. Listen to our assembled panel of experts, dig in and make up your mind […]
Justice Department Sets Up National Cryptocurrency Enforcement Team – WSJ
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 […]
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 […]
Behind the Crypto Broker Accused of Enabling Ransomware Hackers – Bloomberg
Suex OTC, a virtual currency exchange, is a transactions platform that allows cryptocurrency traders to buy and sell digital coins. It is accused by the U.S. of mixing legitimate digital currency trades with illegal transfers from ransomware gangs, allowing them to launder profits from the kind of attacks that have crippled hospitals, businesses, school districts […]