On March 27, 2024, the SEC received a favorable—if at least somewhat split—decision when Judge Failla of the SDNY denied a motion by Defendants Coinbase, Inc. and Coinbase Global, Inc. (collectively, “Coinbase”) for judgment...more
4/19/2024
/ Coinbase ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Investment ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
Just barely two weeks ago, we wrote about the half-victory for Ripple Labs in its ongoing litigation with the Securities and Exchange Commission (“SEC”), in which Judge Analisa Torres granted partial summary judgment in favor...more
8/8/2023
/ Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Howey ,
Investment Contract ,
Investors ,
Partial Summary Judgments ,
Personal Jurisdiction ,
Popular ,
Ripple ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Tokens ,
Securities Violations
In a significant victory for the SEC, US District Court Judge Paul J. Barbadoro granted summary judgment to the SEC in what is the first enforcement action targeting a cryptocurrency not issued via an initial coin officer...more
Kim Kardashian, the reality television personality, social media star, and entrepreneur has agreed to pay $1.26 million to settle the SEC’s claims that she improperly touted a crypto token without disclosing that she had been...more
10/4/2022
/ Coinbase ,
Cryptoassets ,
Cryptocurrency ,
Endorsements ,
Ethereum ,
Federal Trade Commission (FTC) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Products ,
Financial Promotions ,
Fines ,
Howey ,
Initial Coin Offering (ICOs) ,
Insider Trading ,
Kim Kardashian ,
Penalties ,
Securities and Exchange Commission (SEC)
This week the Federal Reserve (“the Fed”) issued guidance telling all banking organizations that it supervises (“Supervised Banks”) what they need to do before getting involved in any cryptocurrency related activities....more
In separate cases last week the DOJ and the SEC charged a former Coinbase employee and two other individuals with wire fraud (DOJ) and violating the antifraud provisions of the securities laws (SEC).
The basic...more
On July 21, 2022, the U.S. Attorney for the Southern District of New York announced charges against three men in the "first ever cryptocurrency insider trader tipping scheme." The Indictment charged Ishan Wahi, a former...more
7/25/2022
/ Administrative Procedure Act ,
CFTC ,
Coinbase ,
Criminal Conspiracy ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
EU ,
Securities and Exchange Commission (SEC) ,
Wire Fraud
Crypto seems to be everywhere these days. Just last week Fidelity Investments launched a bitcoin option for its 401(k) plans. The nation’s largest plan administrator is providing the 23,000 companies it manages retirement...more