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Dec 19, 2023 | 
lexology.com | Mark Bini |Hadas A. Jacobi |Kaela Dahan |Courtney E. Fisher
On December 15, 2023, the five-member U.S. Securities and Exchange Commission (“SEC” or “Commission”), in a 3-2 vote, denied a petition from Coinbase for new rules for the crypto industry. The divided vote was the latest installment in a long-running feud between Coinbase, the largest cryptocurrency exchange in the United States, and the SEC.
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Oct 9, 2023 | 
mondaq.com | Daniel Ahn |Mark Bini |Kaela Dahan
On September 29, 2023, the Securities and Exchange Commission
("SEC") announced charges against 10 financial firms for
apparent widespread and longstanding failures to maintain and
preserve employees' electronic business communications.
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Oct 6, 2023 | 
jdsupra.com | Daniel Ahn |Mark Bini |Kaela Dahan
On September 29, 2023, the Securities and Exchange Commission (“SEC”) announced charges against 10 financial firms for apparent widespread and longstanding failures to maintain and preserve employees’ electronic business communications.
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Oct 2, 2023 | 
lexology.com | Daniel Ahn |Mark Bini |Kaela Dahan
On September 29, 2023, the Securities and Exchange Commission (“SEC”) announced charges against 10 financial firms for apparent widespread and longstanding failures to maintain and preserve employees’ electronic business communications.
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Sep 18, 2023 | 
jdsupra.com | Mark Bini |Kaela Dahan |Courtney E. Fisher
In the past two weeks, the U.S. Securities and Exchange Commission (“SEC”) announced two enforcement actions against non-fungible token (“NFT”) platforms Impact Theory, LLC (“Impact Theory”) and Stoner Cats 2, LLC (“SC2”), in connection with their unregistered offering of cryptocurrency asset securities. In both enforcement actions, the SEC determined that the NFTs were securities under the Howey Test.
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Jun 15, 2023 | 
jdsupra.com | Daniel Ahn |Mark Bini |Kaela Dahan
Demonstrating the Department of Justice (“DOJ”)'s continued focus on corporate crime, the DOJ has launched a new database tracking all corporate crime cases resolved since the end of April 2023.
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Jun 12, 2023 | 
lexology.com | Mark Bini |Daniel Ahn |Kaela Dahan |Joanna Howe
Demonstrating the Department of Justice (“DOJ”)'s continued focus on corporate crime, the DOJ has launched a new database tracking all corporate crime cases resolved since the end of April 2023.
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Jun 7, 2023 | 
jdsupra.com | Mark Bini |Kaela Dahan |Joanna Howe
On June 5, 2023, the Securities and Exchange Commission (“SEC”) filed a complaint in the U.S. District Court for the District of Columbia against Binance Holdings Limited (“Binance”), the world’s largest crypto asset trading platform, and its founder, Changpeng Zhao (“CZ”), with a variety of securities law violations (the “Complaint”). The SEC also brought allegations against BAM Trading Services Inc. (“BAM Trading”) and BAM Management US Holdings Inc.
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May 5, 2023 | 
jdsupra.com | Mark Bini |Kaela Dahan |Joanna Howe
On May 3, 2023, a federal jury in the Southern District of New York found Nathaniel Chastain, a former manager at OpenSea, the world’s largest marketplace for a leading non-fungible tokens (“NFTs”), guilty of wire fraud and money laundering in connection with the sale of NFTs he knew would be featured on OpenSea’s homepage.
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May 4, 2023 | 
jdsupra.com | Mark Bini |Kaela Dahan |Joanna Howe
Over the past few years, the Securities and Exchange Commission (SEC) has claimed increasing authority in the regulation of digital assets. Many in the crypto community have complained that the SEC is regulating by enforcement, but few have challenged the SEC’s ability to do so. That may be changing. On April 27, a major cryptocurrency exchange platform (the “Platform”) publicized its response to a Wells notice issued by the SEC to the exchange in March.
