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Join the Securities Litigation and Enforcement Group on LinkedInNew York Senate Passes Two-Year Bitcoin Mining Moratorium – Decrypt
The bill calls for a two-year moratorium on fossil-fueled cryptocurrency mining operations that use proof-of-work (PoW), a particularly energy-hungry method to verify transactions on the blockchain. It also essentially caps the electrical consumption of existing mining operations at their current levels. The bill doesn’t stop any operations that run on renewable energy though, nor does […]
Judge declares mistrial in criminal trial of ex-Dewey & LeBoeuf executives | Reuters
The jury sent a note to the court saying for the third time it was deadlocked on the major counts against former Dewey Chairman Steven Davis, Executive Director Stephen DiCarmine and Chief Financial Officer Joel Sanders, including grand larceny, scheme to defraud and violating New York’s securities law, the Martin Act. via Judge declares mistrial […]
New York Becomes First State to Launch Cybersecurity Exams for Banks | Compliance Week
Add the New York Department of Financial Services to the growing list list of regulators who will be scrutinizing the cybersecurity practices of Wall Street banks and financial institutions. New York will become the first state to conduct its own cybersecurity examinations on banks. via New York Becomes First State to Launch Cybersecurity Exams for […]