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SEC Crypto Enforcement: Past and Future Tense

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

SEC v. Binance: BUSD, BNB, and Simple Earn—a Closer Look

On June 28, 2024, in SEC v. Binance Holdings Limited, et al., the U.S. District Court for the District of Columbia issued a Memorandum Opinion & Order on the defendants’ motions to dismiss the SEC’s charges against them. ...more

SEC Gets in Line at the Genesis Bankruptcy

On January 31, 2024, bankrupt Genesis Global Holdco, LLC, on behalf of its subsidiary Genesis Global Capital, LLC1 asked the United States Bankruptcy Court for the Southern District of New York to approve a settlement reached...more

Before You Spend, Earn: SEC Sues Gemini and Genesis over Gemini Earn Program

On January 12, 2023, the Securities and Exchange Commission (SEC) charged Genesis Global Capital LLC (Genesis) and Gemini Trust Company, LLC (Gemini) for the unregistered offer and sale of securities through the Gemini Earn...more

SEC Charges Sixteen Firms for Recordkeeping Failures Related to Employee Use of Personal Devices

On September 27, 2022, the Securities and Exchange Commission (“Commission”) entered into a series of settled orders (“Orders”) against 15 broker-dealers and one affiliated investment adviser for widespread failures by the...more

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