Emily Renwick Garnett

Dec 6, 2024 | jdsupra.com | David Cohen |Leah Dempsey |Emily Renwick Garnett

On Wednesday, Dec. 4, President-elect Donald Trump announced his intention to nominate Paul Atkins as the next chair of the Securities and Exchange Commission (SEC). Atkins, who served as an SEC commissioner from 2002 to 2008 during the George W. Bush administration, is known for preferring a lighter-touch approach to regulation and advocating for market efficiency.

Nov 15, 2024 | jdsupra.com | Leah Dempsey |Emily Renwick Garnett |Joel L. Herberman

During the 2024 campaign, President-elect Donald Trump took significant steps to embrace digital assets and the industry that has developed around them, positioning himself as a champion of crypto. In a speech delivered at the annual Bitcoin Conference in Nashville, Tennessee, the Republican nominee promised to suspend sales of U.S. government bitcoin holdings and to fire current Securities and Exchange Commission (SEC) Chairman Gary Gensler on day one of his administration.

Jul 8, 2024 | jdsupra.com | Rosemary Becchi |Kayla D. Dreyer |Emily Renwick Garnett

On July 3, 2024, United States District Court Judge Ada Brown ruled against the Federal Trade Commission (FTC) and issued a preliminary injunction postponing the implementation of the agency’s controversial rule banning noncompete clauses. The decision, in Ryan vs. Federal Trade Commission, is incredibly narrow, only applying to the named parties in the lawsuit. The injunction will stand as the Texas-based court considers the remainder of the case, with a final decision expected on or before Aug.

Sep 15, 2023 | jdsupra.com | Emily Renwick Garnett

Yesterday, in another blow to the viability of NFTs and crypto, the Securities and Exchange Commission (SEC) released a settlement with Stoner Cats 2, LLC, an NFT project designed to raise money to cover some production costs for a cartoon series under the same name. We have previously written on the topic of the SEC’s investigation and anticipated enforcement actions against NFT (nonfungible token) projects. See previous articles here, here and here.

Apr 3, 2023 | jdsupra.com | Katelynn Bradley |Leah Dempsey |Emily Renwick Garnett

The crypto industry is at a critical juncture: As it continues to operate absent clear regulatory guidance (other than by enforcement) and prospects dim for legislation that would create a roadmap for regulation—the challenges continue to mount. The historic collapse of Silicon Valley Bank and Signature Bank, on the heels of the liquidation of Silvergate Capital, rattled an already unsteady economy and left gaping holes in the outlook and the banking prospects for cryptocurrency.