‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInChina Creates its Own Digital Currency, a First for Major Economy – WSJ
A thousand years ago, when money meant coins, China invented paper currency. Now the Chinese government is minting cash digitally, in a re-imagination of money that could shake a pillar of American power. It might seem money is already virtual, as credit cards and payment apps such as Apple Pay in the U.S. and WeChat […]
Coinbase gets all-clear from SEC, setting stage for landmark crypto listing | Reuters
Coinbase Global Inc, the largest U.S. cryptocurrency exchange, has received approval from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq, paving the way for what will be a landmark victory for cryptocurrency advocates. The company, which plans to go public through a so-called direct listing, expects to list its […]
Registration of Commodity Brokers-Dealers, Salespersons, and Investment Advisors Doing Business Relating to Virtual or “Crypto” Currency–NYAG
New York Attorney General Letitia James issues this alert to remind industry members that people and entities dealing in virtual or “crypto” currencies that are commodities or securities in the state of New York, and who do not qualify for an exemption, must register with the Office of the Attorney General. Failure to do so […]
IRS is ‘setting the trap’ for bitcoin and virtual currency investors on 2020 tax form
The Internal Revenue Service (IRS) is making it harder for taxpayers to conceal cryptocurrency transactions — whether intentionally or not — by adding a new question about it near the top of the new Form 1040. Source: IRS is ‘setting the trap’ for bitcoin and virtual currency investors on 2020 tax form
Miami Pushes Crypto With Proposal to Pay Workers in Bitcoin
Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in Bitcoin, expanding a campaign to promote cryptocurrencies. The mayor wants to allow the City of Miami’s workers to choose to receive all or a portion of their pay in Bitcoin, according to a resolution passed by the city’s governing commission. In addition, the […]
The Cointelegraph Top 100–Hester Peirce : Commissioner of the U.S. SEC | #25
Major areas of work that Peirce is likely to take point on will be SEC approval of initial public offerings for crypto firms like Coinbase, the first U.S.-authorized Bitcoin ETF and, of course, that ICO safe harbor. Per SEC policy, we won’t get to hear what Peirce actually thinks about the SEC’s pursuit of Ripple […]
Fraudster refuses to give up Bitcoin password worth $60M
German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s only one problem: They can’t unlock the money because he won’t give them the password. The man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed efforts […]
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering
According to the SEC’s complaint, Ripple; Christian Larsen, the company’s co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company’s current CEO, raised capital to finance the company’s business. The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities offering […]
Coinbase, a top cryptocurrency company, files for initial public offering – The New York Times
The cryptocurrency company Coinbase has joined the rush of start-ups looking to go public. The company said on Thursday that it had filed confidentially for an initial public offering with the Securities and Exchange Commission. It gave few other details. Source: Coinbase, a top cryptocurrency company, files for initial public offering. – The New York […]