Brett A. Shumate

Sep 6, 2023 | mondaq.com | Michael Butowsky |Sarah Levine |Mark Rasmussen |Brett A. Shumate

The D.C. Circuit rebuked the U.S. Securities and Exchange Commission ("SEC") on administrative law grounds but left untouched the test the Agency used to deny proposed bitcoin exchange traded products ("ETP"). On August 29, 2023, the Court of Appeals for the District of Columbia Circuit granted a petition from Grayscale Investments, LLC, vacating the SEC's order denying Grayscale's request to approve the exchange listing of its bitcoin ETP.

Jun 22, 2023 | lexology.com | Antonio F. Dias |Craig Waldman |Kyle Diamantas |Colleen Heisey |Brett A. Shumate |Courtney Lyons Snyder

On June 7, the Federal Trade Commission ("FTC" or "Commission") announced a request for public comments ("Request") regarding how it can enhance collaboration efforts with state attorneys general ("AGs") to more effectively prevent, publicize, and penalize fraudulent business practices—supporting an increasing trend in cooperative enforcement between the FTC and state AGs. The Request stems from the FTC Collaboration Act of 2021, signed into law by President Biden last October, which directs...