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Apr 9, 2024 | 
lexology.com | Matthew Townsend |Jonathan Ammons |Brett Hillis |Hagen Rooke |Ramsey D. Hanna |Michael Tomasulo | +2 more
Key takeawaysFor crypto asset platforms, establishing an enforceable arbitration clause in their terms of service is of paramount importance. Given that the number of user and collaborator disputes are on the rise in this asset class, platforms need a workable and predictable framework to resolve them.
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Dec 27, 2023 | 
news.bloomberglaw.com | Daniel Ahn |Mark Bini |Rizwan A. Qureshi
Those who regularly exchange or sell cryptocurrency should pay careful attention to the implications of Harper v. Werfel, a case before the US Court of Appeals for the First Circuit that could decide whether there’s a constitutional right of privacy in cryptocurrency exchange records. Harper challenges the IRS’s use of a John Doe summons to obtain individuals’ financial information from a crypto exchange.
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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 4, 2023 | 
jdsupra.com | Daniel Ahn |Mark Bini |Hadas A. Jacobi
[co-author: Rafael Szmid]We recently gathered regulatory attorneys from across Reed Smith’s global team to provide a high-level rundown of the key regulatory trends and risks to look out for as we move into the final quarter of 2023. If you missed the webinar, you can access the recording on demand. Please see a short summary of our top takeaways below.
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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 27, 2023 | 
lexology.com | Mark Bini |Hadas A. Jacobi
It’s no secret that the U.S. Securities and Exchange Commission’s (SEC) enforcement agenda is aggressive, with reports of record-breaking penalties and claims by some that the SEC is regulating by enforcement. Navigating the regulatory landscape is complex, and it is critical for companies to understand the core areas of risk and keep up to date on key SEC enforcement trends and top priorities.
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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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Aug 14, 2023 | 
lexology.com | Daniel Ahn |Mark Bini
Click here to listen to the audioCompanies are under pressure to supply goods swiftly, and delays at customs can create expensive problems. Expedited customs clearance is a top priority for unblocking supply-chain bottlenecks. However, care must be taken as many corruption cases have involved illegal payments at the border. Customs has thus taken on heightened significance with respect to the U.S. Foreign Corrupt Practices Act (FCPA) compliance and risk management for many global businesses.
