It is highly likely, and hardly a surprise, that in the near future the U.S. Securities and Exchange Commission ("SEC") will increase the number of enforcement actions it brings against crypto industry participants. It is...more
7/28/2022
/ Broker-Dealer ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
Fund Managers ,
Investment Adviser ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Tokens
In an unprecedented enforcement action, the U.S. Securities and Exchange Commission (SEC) brought insider trading charges against a former Coinbase manager and two others related to buying 25 tokens ahead of Coinbase's...more
Happy New Year from all of us in the WSGR Blockchain and Cryptocurrency Practice Group! The industry learned a lot about the regulation of digital assets in 2018, and we published some of our observations about those...more
On the Friday before Thanksgiving, the Securities and Exchange Commission ("SEC") and its staff ("Staff") took a coordinated set of actions that should help further clarify its views on the application of the federal...more
In an important step, the Securities and Exchange Commission ("SEC") has released a cease-and-desist order against Zachary Coburn, the founder of EtherDelta, a well-known online platform for trading Ether and ERC20-based...more
Virtual currency businesses are under scrutiny by U.S. anti-money laundering (AML) regulators. Earlier this year, U.S Treasury Secretary Steven Mnuchin emphasized that virtual currencies are subject to AML regulations. He...more
4/4/2018
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Bitcoin ,
Compliance ,
Enforcement ,
Enforcement Actions ,
Financial Institutions ,
FinCEN ,
Know Your Customers ,
Money Services Business ,
Money Transmitter ,
Popular ,
Virtual Currency
There apparently has been significant shock and surprise over recent reports that the Securities and Exchange Commission (SEC) has issued a large number of subpoenas to initial coin offering (ICO) issuers and to ICO...more