On February 27, 2025, the Securities and Exchange Commission formally abandoned its enforcement action against Coinbase. ...more
3/5/2025
/ Coinbase ,
Compliance ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Regulatory Reform ,
Howey ,
Investment ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
On Friday, Coinbase announced that the SEC staff had agreed in principle to dismiss its case alleging the company had failed to register as a securities exchange, broker-dealer, and clearing agency. We can expect the...more
2/25/2025
/ Blockchain ,
Coinbase ,
Cryptocurrency ,
Cybersecurity ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Regulatory Agenda ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The Seward & Kissel Tax Group has collected some data and intelligence about what crypto tax changes we may see this year. President Trump aims to assess and revive cryptocurrency regulations via executive order, Congress...more
2/21/2025
/ Compliance ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Currency ,
Executive Orders ,
IRS ,
Popular ,
Regulatory Agenda ,
Reporting Requirements ,
Tax Planning
According to reports, more than 50 lawyers and staffers in the SEC’s Crypto Assets and Cyber Unit have been reassigned to other roles in the agency....more
There are some in the crypto community who—frustrated with the enforcement first approach of (outgoing) SEC Chair Gary S. Gensler—invested heavily to elect Donald J. Trump the 47th President of the United States. Was that a...more
The Internal Revenue Service (“IRS”) recently finalized Treasury Regulations (the “Final Regulations”) and published two notices and a Revenue Procedure (the “Transitional Guidance”) for broker reporting of certain...more
8/29/2024
/ Anti-Money Laundering ,
Brokers ,
Digital Assets ,
Fair Market Value ,
Final Rules ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Reporting Requirements ,
Stablecoins ,
Tax Code ,
Tax Planning
Three days before Christmas 2020, the SEC served Ripple Labs Inc. and two of its executives with a lawsuit. How is that for a present under the tree? As the SKrypto Blog reported at the time, the main issue was whether XRP, a...more
7/19/2023
/ Coinbase ,
Cryptocurrency ,
Digital Assets ,
Howey ,
Ripple ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Regulation ,
Securities Violations ,
Sellers ,
Token Sales ,
Unregistered Securities
On July 21, 2022, the Securities and Exchange Commission (“SEC”) announced insider trading charges against a former Coinbase product manager, Ishan Wahi, his brother, Nikhil Wahi, and a friend, Sameer Ramani, for trading...more
8/15/2022
/ Civil Monetary Penalty ,
Coinbase ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Assets ,
Disgorgement ,
Enforcement Actions ,
Injunctions ,
Insider Trading ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Violations
On June 1, 2022, the U.S. Attorney’s Office for the Southern District of New York announced the indictment of former OpenSea employee Nathaniel Chastain for an NFT “insider trading” scheme.
From at least June to...more