On April 4, 2025, the staff of the Securities and Exchange Commission’s Division of Corporation Finance (the “Staff”) issued a Staff Statement (the “Statement”) announcing its view that the offer and sale of Covered...more
On February 27, 2025, the Securities and Exchange Commission’s Division of Corporation Finance (“CorpFin”) issued a Staff Statement announcing its view that meme coin transactions do not involve the offer and sale of...more
3/6/2025
/ Compliance ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Fraud ,
Howey ,
Investment ,
Market Manipulation ,
Securities ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Token Sales
On June 27, 2024, the U.S. Supreme Court issued its opinion in Securities and Exchange Commission v. Jarkesy. By a 6-3 vote, the Supreme Court affirmed the Fifth Circuit’s ruling, holding that the Seventh Amendment prohibits...more
7/5/2024
/ Administrative Agencies ,
Administrative Law Judge (ALJ) ,
FDIC ,
Financial Services Industry ,
NCUA ,
OCC ,
PCAOB ,
Regulatory Authority ,
SEC v Jarkesy ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Regulation ,
Seventh Amendment
On, May 22, 2024, the U.S. House of Representatives passed H.R. 4763, Financial Innovation for Technology for the 21st Century Act (“FIT21”). The legislation was touted by the House Financial Services Committee’s Chairman,...more
6/12/2024
/ Blockchain ,
CFTC ,
Digital Assets ,
Disclosure Requirements ,
Enforcement ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Jurisdiction ,
Registration Requirement ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
SIPA ,
Stablecoins
Federal and state regulators have taken an increased interest in regulating cryptocurrencies, digital assets, and the larger blockchain ecosystem. This landscape is opaque and rapidly evolving, and many industry participants...more
9/25/2023
/ Anti-Money Laundering ,
Bitcoin ,
Bitcoin Mining ,
Blockchain ,
CFIUS ,
CFTC ,
Coinbase ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Ethereum ,
FinCEN ,
Fraud ,
Insider Trading ,
Ponzi Scheme ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Unregistered Securities
The Attorney General Alliance (“AGA”) recently issued a collaborative White Paper that signals heightened scrutiny of digital asset businesses by state Attorneys General in coming years. Recognizing that it is “no longer...more
7/13/2022
/ Blockchain ,
Civil Monetary Penalty ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Cyber Crimes ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Executive Orders ,
FinCEN ,
Fraud ,
Injunctions ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
OCC ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Restitution ,
Securities and Exchange Commission (SEC) ,
State Attorneys General ,
Uniform Commercial Code (UCC)
Cognizant Technology’s Privilege Waiver -
On February 1, 2022, the District of New Jersey ordered a company to produce internal investigation materials to two former executives indicted in connection with an alleged foreign...more
5/17/2022
/ Attorney-Client Privilege ,
Bribery ,
Corporate Counsel ,
Department of Justice (DOJ) ,
Federal Rules of Evidence ,
Foreign Corrupt Practices Act (FCPA) ,
Internal Investigations ,
Motion to Compel ,
Securities and Exchange Commission (SEC) ,
Waivers ,
Work-Product Doctrine
The Department of Justice Antitrust Division is intensifying its focus on the financial services sector and financial markets, and it is increasing collaboration with the Securities and Exchange Commission.
Deputy...more