SEC appoints New Jersey Attorney General as director of enforcement
The SEC has appointed New Jersey Attorney General Gurbir S. Grewal as the Director of the Division of Enforcement. The United States Securities and Exchange Commission has appointed New Jersey Attorney General Gurbir S. Grewal as Director of the Division of Enforcement. The appointment will be effective from July 26, with the SEC adding the veteran prosecutor to its ranks to play a key role in regulating financial markets in the U.S. “He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time. I look forward to working....
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On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general Andrew Bruck also tweeted about the issue and said “we’ve been closely monitoring activity involving cryptocurrencies for compliance.” New Jersey’s Bureau of Securities Cracks Down on Crypto On Monday, an unpublished draft of a cease and desist order was discovered by the....
Donald Trump’s choice for Attorney General may indicate an administration hostile to encryption and online privacy. Alabama Senator Jeff Sessions, the incoming administration’s Attorney General pick, has long adopted a critical stance against encryption. He has stood in direct opposition to end-to-end encryption, citing his experience in law enforcement when calling for government officials to have complete access to encrypted devices. Earlier this year, Apple remained in a standoff with the FBI over allowing law enforcement agencies access to a locked device owned by a mass shooter in....
Someone apparently told cryptocurrency to "go back to Jersey," and the advice seems to have been taken. The New Jersey State Legislature is slated to hold a hearing on digital currency. Among the topics to be discussed include safety and consumer protection, applications, the advantages of cryptocurrency and current regulation practices regarding usage. Assembly Democratic spokesman Tom Hester explains how the idea to hold the hearing first came about: "Chairman Coughlin wanted to do a hearing on digital currency because he realized that the role of digital currency is expanding in society....