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Oct 16, 2024 | 
jdsupra.com | Eoin P. Beirne |Eóin Beirne |Edmund P. Daley
The United States Attorney’s Office for the District of Massachusetts recently unsealed what it described as the “first-ever criminal charges against financial services firms for market manipulation and ‘wash trading’ in the cryptocurrency industry.” The SEC also filed parallel civil charges alleging violations of Securities for the same alleged schemes.
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Oct 15, 2024 | 
lexology.com | Eoin P. Beirne |Eóin Beirne |Cory S. Flashner |Edmund P. Daley
The United States Attorney’s Office for the District of Massachusetts recently unsealed what it described as the “first-ever criminal charges against financial services firms for market manipulation and ‘wash trading’ in the cryptocurrency industry.” The SEC also filed parallel civil charges alleging violations of Securities for the same alleged schemes.
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Apr 19, 2024 | 
jdsupra.com | David Adams |Edmund P. Daley |Cory S. Flashner
On March 27, 2024, the SEC received a favorable—if at least somewhat split—decision when Judge Failla of the SDNY denied a motion by Defendants Coinbase, Inc. and Coinbase Global, Inc. (collectively, “Coinbase”) for judgment on the pleadings, seeking to dismiss the SEC’s case against it in SEC v. Coinbase, Inc. and Coinbase Global, Inc.
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Feb 12, 2024 | 
law360.com | David Adams |Edmund P. Daley
ADVERTISEMENT Don't want ads? Subscribe or login now. By David Adams, Edmund Daley and Christopher D'Aliso (February 12, 2024, 4:55 PM EST) -- On Jan. 10, the U.S. Securities and Exchange Commission approved 11 applications for spot exchange-traded funds tracking bitcoin, a landmark moment for the crypto-asset industry that has been over 10 years in the making.
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Feb 12, 2024 | 
law360.com | David Adams |Edmund P. Daley
ADVERTISEMENT Don't want ads? Subscribe or login now. By David Adams, Edmund Daley and Christopher D'Aliso (February 12, 2024, 4:55 PM EST) -- On Jan. 10, the U.S. Securities and Exchange Commission approved 11 applications for spot exchange-traded funds tracking bitcoin, a landmark moment for the crypto-asset industry that has been over 10 years in the making.
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Aug 15, 2023 | 
mondaq.com | Cory S. Flashner |David Adams |Edmund P. Daley |Patrick McDonough
Just barely two weeks ago, we wrote about the half-victory for Ripple
Labs in its ongoing litigation with the Securities and Exchange
Commission ("SEC"), in which Judge Analisa Torres granted
partial summary judgment in favor of Ripple on the issue of whether
certain sales of Ripple's XRP cryptocurrency tokens were
"securities" under the federal securities laws.
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Aug 8, 2023 | 
jdsupra.com | David Adams |Edmund P. Daley |Cory S. Flashner
Just barely two weeks ago, we wrote about the half-victory for Ripple Labs in its ongoing litigation with the Securities and Exchange Commission (“SEC”), in which Judge Analisa Torres granted partial summary judgment in favor of Ripple on the issue of whether certain sales of Ripple’s XRP cryptocurrency tokens were “securities” under the federal securities laws.
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Aug 7, 2023 | 
lexology.com | Cory S. Flashner |David Adams |Patrick McDonough |Edmund P. Daley
Just barely two weeks ago, we wrote about the half-victory for Ripple Labs in its ongoing litigation with the Securities and Exchange Commission (“SEC”), in which Judge Analisa Torres granted partial summary judgment in favor of Ripple on the issue of whether certain sales of Ripple’s XRP cryptocurrency tokens were “securities” under the federal securities laws.
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Jul 18, 2023 | 
mondaq.com | Cory S. Flashner |Edmund P. Daley |Patrick McDonough
On July 13, 2023, a New York federal judge issued a landmark
split decision in the SEC v. Ripple Labs case that takes a
step toward answering one of the biggest questions in the digital
asset space: whether cryptocurrency tokens—in this case
XRP— are inherently securities under the 1933 Securities Act
(the "1933 Act"). The Court concluded that XRP is not, in
and of itself, a security. This significant statement did not,
however, end the Court's analysis.
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Jul 17, 2023 | 
jdsupra.com | Edmund P. Daley |Cory S. Flashner |Patrick McDonough
On July 13, 2023, a New York federal judge issued a landmark split decision in the SEC v. Ripple Labs case that takes a step toward answering one of the biggest questions in the digital asset space: whether cryptocurrency tokens—in this case XRP— are inherently securities under the 1933 Securities Act (the “1933 Act”). The Court concluded that XRP is not, in and of itself, a security. This significant statement did not, however, end the Court’s analysis.
