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SEC’s Division of Corporation Finance: Stablecoins Are Not Securities

On April 4, the Division of Corporation Finance of the US Securities and Exchange Commission (SEC) issued a statement providing clarity on the application of federal securities laws to stablecoins, specifically those designed...more

SEC Commissioner Crenshaw Critiques Stable Coin Analysis: Understates the Risks

On April 4, US Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw, the sole Democrat serving as a Commissioner, issued a statement critiquing the Division of Corporation Finance’s analysis in its...more

Saks Global Announces Vendor Payments to Begin in July, Plus Store Closings in the United States and Canada

On February 14, the newly formed Saks Global announced its plan to pay vendors past due balances in 12 monthly installments beginning in July....more

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