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Fast and Furious: SEC Kracks Down on Kraken, Federal Regulators Choke Crypto, and DFS Wobbles Stablecoin

“There are decades where nothing happens; and there are weeks where decades happen.” Vladimir Ilyich Lenin - Living in the world of crypto is almost always eventful, but some times are more eventful than others....more

Down to the Wire: Citibank Wins Big in Revlon Appeal

In a long-anticipated decision, on September 8, 2022, the United States Court of Appeals for the Second Circuit (the “Second Circuit”) vacated the judgment of the Southern District of New York (the “District Court”) in, In re...more

One Less Tornado to Worry About

Yesterday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Tornado Cash. As a result, all property and interests in property of Tornado Cash that is in the United States or in the...more

Federal Employees That Own Digital Assets Cannot Work on Regulations Affecting Their Digital Assets

The United States Office of Government Ethics (OGE) released an advisory policy on July 5, 2022 stating that any government employee who holds cryptocurrency, stablecoins, or any other digital asset will be ineligible to work...more

Celsius Suspends Withdrawals Amid Cryptocurrency Market Meltdown

In a blog post on June 12th, 2022, Celsius announced that it was suspending “all withdrawals, Swap, and transfers between accounts … to put Celsius in a better position to honor, over time, its withdrawal obligations” amid...more

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