Please forgive some members of the FinTech community for remembering President Ronald Reagan’s comment: “The nine most terrifying words in the English language are: ‘I’m From the Government and I’m Here to Help.’” President...more
3/16/2022
/ Biden Administration ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
Financial Regulatory Reform ,
Financial Services Industry ,
Financial Transactions ,
Investment Contract ,
Investor Protection ,
Regulatory Agenda
Speaking at last week’s Munich Cyber Security Conference, U.S. Deputy Attorney General Lisa Monaco announced the formation of a new FBI unit dedicated to blockchain analysis and virtual asset seizure – the Virtual Asset...more
2/22/2022
/ Asset Seizure ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Crimes ,
Digital Assets ,
Enforcement Priorities ,
FBI ,
FinTech ,
Ransomware ,
Regulatory Oversight ,
Virtual Currency
The SEC announced today that it reached a settlement with Poloniex, LLC (“Poloniex”), in connection with the SEC’s inquiry that began back in December 2017 into whether Poloniex operated an exchange under federal securities...more
Securities and Exchange Commission (“SEC”) Chairman Gary Gensler received a letter last week seeking clarification on the SEC’s authority to regulate cryptocurrency exchanges from Senator Elizabeth Warren, chair of the Senate...more
According to Reuters, the civil division of the U.S. Department of Justice (DOJ) is investigating several FinTech companies, including Kabbage Inc., to determine if the firms miscalculated the amount of aid owed to individual...more
Five plaintiffs recently voluntarily dismissed their putative securities class action lawsuits one year after sending shock waves through the crypto world when they filed eleven alleged class action lawsuits against...more