Pro-XRP Lawyers Slam The SEC’s Annual Enforcement Report
The US Securities and Exchange Commission’s (SEC) annual enforcement report for Fiscal Year (FY) 2023, detailing the filing of 784 enforcement actions, orders for nearly $5 billion in financial remedies, and distribution of nearly $1 billion to harmed investors, has sparked a fervent response from the XRP community. SEC Chair Gary Gensler emphasized the significance […]
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The American Bar Association, the premier organization to which most American lawyers belong, is offering a one-day event in June teaching about Bitcoin and other digital currencies. The program will analyze the latest events in regulatory compliance and law enforcement efforts directed at digital currency. The panel will explore what regulators and law enforcement officials are focused on, and the different types of enforcement mechanisms employed on both the state and federal levels. Not Just for Lawyers. The program is being offered to the general public, not just members of the bar....
Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) slammed the securities watchdog Tuesday for focusing on crypto enforcement. This followed the SEC’s announcement that the agency nearly doubled....
Autograph has been taking sports NFTs by storm. Co-founded by future Hall of Fame quarterback Tom Brady, Autograph has landed deals with legendary athletes across a variety of sports. This week, the platform is hitting the hardwood to team up with SLAM. Known for it’s classic vintage magazine covers dating back to 1994, SLAM has […]
The lawyers representing Terraform Labs and its CEO Do Kwon in the ongoing court case with the US Securities and Exchange Commission (SEC) have pushed against an extradition request of the securities regulator. In a petition submitted on September 27, the defendants are nudging the court to reject the SEC’s request to transport Do Kwon […]
A former SEC attorney argues that Ripple's Brad Garlinghouse and Chris Larsen are being asked for documents that seem to demonstrate significant overreach. Powers On... is a new monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on 'Blockchain, Crypto and Regulatory Considerations.'While I was in private law practice for 35 years, after serving for five....