On May 3, 2023, New York Attorney General Letitia James introduced legislation that, if passed, would substantially increase oversight and regulation of the cryptocurrency industry in New York. James touts the bill as the...more
The Enforcement Division of the United States Securities and Exchange Commission (“SEC”) recently released its annual enforcement report (“Report”) for fiscal year 2018. The Report reflects an increased focus on retail...more
11/29/2018
/ Cryptocurrency ,
Cyber Crimes ,
Cybersecurity ,
Enforcement Actions ,
Financial Services Industry ,
Individual Accountability ,
Popular ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Self-Reporting ,
Trump Administration
Over the past couple of years, the crypto industry has come under heavy scrutiny from skeptical regulators seeking to root out fraud and protect investors amid the initial coin offering boom that generated over $4 billion in...more
10/31/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Coinbase ,
Cryptocurrency ,
Custody Rule ,
Department of Financial Services ,
Digital Assets ,
Digital Currency ,
ETFs ,
Exchange-Traded Products ,
Financial Institutions ,
Initial Coin Offering (ICOs) ,
Innovation ,
Investment Companies ,
Investors ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
State Regulators ,
Virtual Currency
On April 17, 2018, the New York State Attorney General (“NYAG”) sent a “Virtual Markets Integrity Initiative Questionnaire” to 13 companies operating virtual currency trading platforms. The questionnaire consists of 34...more
5/1/2018
/ Attorney General ,
BitLicense ,
Coinbase ,
Commodities ,
Cryptocurrency ,
Department of Financial Services ,
Initial Coin Offering (ICOs) ,
Policies and Procedures ,
Questionnaires ,
Regulatory Agenda ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Trading Platforms ,
Transparency ,
U.S. Treasury ,
Virtual Currency