The focus on enforcement has done little to clarify regulatory expectations regarding current facts and market practices.
The Securities and Exchange Commission (SEC) has used and continues to use enforcement actions as...more
Throughout a tumultuous 2022, the digital currency and blockchain space saw a number of significant investigation, litigation, and enforcement matters as regulators continue their laser focus on the industry. This Year in...more
2/14/2023
/ Bankruptcy Court ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Insider Trading ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Stablecoins ,
Unregistered Securities
In a first of its kind enforcement action, the Commodity Futures Trading Commission (“CFTC”) is attempting to hold participating members of a decentralized autonomous organization (“DAO”) liable for alleged violations of the...more
10/5/2022
/ Anti-Money Laundering ,
CFTC ,
Commodity Exchange Act (CEA) ,
Criminal Liability ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
Futures Commission Merchants (FCMs) ,
Illegal Trading ,
Market Participants ,
Registration Requirement ,
Retail Investors ,
Swap Execution Facilities
On July 21, 2022, the SEC charged three individuals with insider trading of digital assets via a scheme to trade ahead of multiple announcements regarding crypto assets being made available on a United States-based digital...more
7/25/2022
/ Criminal Conspiracy ,
Crypto Exchanges ,
Cryptoassets ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Indictments ,
Material Nonpublic Information ,
Securities ,
Securities and Exchange Commission (SEC) ,
Wire Fraud
The U.S. Securities & Exchange Commission (“SEC”) filed a complaint against Ripple Labs, Inc. (“Ripple”) and two of its executives, Brad Garlinghouse and Chris Larsen, on December 22, 2020 in the U.S. District Court for the...more
1/26/2021
/ Blockchain ,
Corporate Executives ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Popular ,
Ripple ,
Section 5 ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Unregistered Securities
The SEC, in one of the Commission’s final acts under the leadership of Chair Jay Clayton, approved enforcement action aimed at Ripple Labs, Inc. (“Ripple”) and two of its executives, Brad Garlinghouse and Chris Larsen. The...more
Never one to hold back, especially when it comes to crypto and blockchain matters, SEC Commissioner Peirce recently explained her views on the SEC’s settlement with Telegram and the agency’s approach to regulating the crypto...more