On March 8, 2024, the U.S. Court of Appeals for the Second Circuit reversed and remanded a District Court decision that dismissed all claims by plaintiff crypto investors against Binance, an international electronic exchange...more
3/21/2024
/ Appeals ,
Blue Sky Laws ,
Broker-Dealer ,
Class Action ,
Crypto Exchanges ,
Cryptocurrency ,
Extraterritoriality Rules ,
Foreign Jurisdictions ,
Investors ,
Securities and Exchange Commission (SEC) ,
Token Sales
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 June 5, 2023, the SEC filed a complaint in the United States District Court for the District of Columbia against Binance, the world’s largest cryptocurrency exchange, and its founder, Changpeng Zhao, known to the world as...more
...On March 22, 2023, Coinbase, Inc. received a Wells notice from the SEC.
A Wells notice is the means by which the staff of the Enforcement Division informs someone it has decided to recommend the Commission bring an...more
DOJ Promotes Compliance Through Compensation and Clawback Programs (3.2.2023):
• The DOJ announced corporate criminal resolutions will now include a requirement that companies implement a compensation and bonus scheme...more
3/10/2023
/ 10b5-1 Plans ,
Bank Fraud ,
CFTC ,
Clawbacks ,
Compensation ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Federal Trade Commission (FTC) ,
Financial Industry Regulatory Authority (FINRA) ,
Insider Trading ,
Securities and Exchange Commission (SEC) ,
Self-Disclosure Requirements
On September 8, 2022, in his remarks at the annual SEC Speaks conference, entitled Kennedy and Crypto, SEC Chair Gary Gensler declared:
Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are...more
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