Like Zeus unleashing the Kraken in Clash of the Titans, the U.S. Securities and Exchange Commission (SEC) has unleashed the Kraken (not the digital asset company) to unleash havoc on Genesis Global Capital LLC (Genesis) and...more
2/7/2023
/ Cryptoassets ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
Fees ,
Interest Payments ,
Investment Contract ,
Investment Opportunities ,
Reves Test ,
Reves v Ernst & Young ,
Securities Act ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Trading Platforms
The U.S. Commodity Futures Trading Commission (CFTC) filed a complaint on Jan. 9, 2023, in the U.S. District Court for the Southern District of New York against Avraham Eisenberg. The U.S. Securities and Exchange Commission...more
2/1/2023
/ CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Derivatives ,
Digital Assets ,
Enforcement Actions ,
Financial Markets ,
FinTech ,
Market Manipulation ,
Misappropriation ,
Price Inflation ,
Statutory Violations ,
Swaps
In a recent speech,2 Gensler quoted the first Chairman of the SEC, Joseph Kennedy3 who noted: “No honest business need fear the SEC.”4 Unfortunately, Gensler failed to note that as the SEC often explains, whether a party has...more
In a recent speech, SEC Chairman Gary Gensler quoted the first chairman of the SEC, Joseph Kennedy, who noted, “No honest business need fear the SEC.” Unfortunately, Gensler failed to note that as the SEC often explains,...more
9/22/2022
/ Criminal Prosecution ,
Digital Assets ,
FCPA Corporate Enforcement Policy (CEP) ,
Gary Gensler ,
Investment ,
Investors ,
Publicly-Traded Companies ,
Regulatory Oversight ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Transactions ,
Stablecoins
The Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”) on March 31, 2022. SAB 121 provides SEC staff’s views regarding accounting treatment of obligations incident to a reporting...more
Please forgive some members of the FinTech community for remembering President Ronald Reagan’s comment: “The nine most terrifying words in the English language are: ‘I’m From the Government and I’m Here to Help.’” President...more
3/16/2022
/ Biden Administration ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
Financial Regulatory Reform ,
Financial Services Industry ,
Financial Transactions ,
Investment Contract ,
Investor Protection ,
Regulatory Agenda
The battle over blockchain technology and digital assets bears a striking resemblance to the debate over the potential of the internet in the mid-1990s. Where critics see a passing fad with little actual utility or a lawless...more
2/25/2022
/ Anti-Money Laundering ,
Banks ,
Bitcoin ,
Blockchain ,
Competition ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Digital Wallets ,
Distributed Ledger Technology (DLT) ,
Financial Instruments ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Virtual Currency
Continuing the FinTech University CLE series, join Richard Levin, Craig Nazzaro, and Kevin Tran for this one-hour session on digital assets including Bitcoin, Ethereum, XRP, Dogecoin, other tokens, and NFTs. The last 10...more
9/28/2021
/ Bitcoin ,
Continuing Legal Education ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Ethereum ,
Financial Services Industry ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Webinars