SEC’s Last Major Legal Official Exits, Leaving Clean Slate for Trump Era
With the general counsel stepping down, some of the main characters in the crypto industry’s recent clashes with the Securities and Exchange Commission are out.
Legal
Ex-SEC Lawyers Agree: Crypto Enforcement Shackles May Take Time to Resolve
After years of legal wrangling with the U.S. securities regulator, President-elect Donald Trump’s win was taken by the crypto industry as a definitive sign that their courtroom shackles and enforcement actions would be thrown off when he takes the oath of office again.
FTX’s Salame Hoped Dog Bite Would Delay Prison, But Tucker Carlson Derailed Effort
Former FTX executive Ryan Salame, convicted of violating U.S. election laws in his contribution of millions of dollars in the previous congressional elections, has been rebuffed in an 11th-hour attempt to delay his prison sentence to treat a dog bite to his face.
Crypto Promoter and Failed Politician Michelle Bond Accused of Illegally Taking FTX Cash
Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and court documents detail how a river of cash came through her former FTX executive boyfriend.
Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project
Australia’s Securities and Investment Commission (ASIC) has sued Australia’s largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project was progressing to replace its aged Clearing House Electronic Subregister System (CHESS) before revealing it was failing, it announced Wednesday.
SEC Asks NY Court to Deny Coinbase’s ‘Breathtakingly Broad’ Subpoena Request
Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.”
Is it Legal to Start a Cryptocurrency?
Innovative entrepreneurs can still thrive within this framework. Security Token Offerings (STOs): STOs represent a more regulated form of ICOs, offering greater investor protection. Regulatory Sandboxes: Several countries are adopting “regulatory sandboxes” that allow startups to test their innovative crypto projects in a controlled environment with relaxed regulations. This fosters innovation while mitigating potential risks. As the regulatory environment matures, […]
Coinbase Narrows Demand for SEC Chair Gensler’s Crypto Messages
Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler’s own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge.
Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether
Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws.
Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform
The crime proceeds were generally purchased by the scheme participants at discounted rates of up to 80 cents per dollar in exchange for an unspecified cryptocurrency.