Patrick Wroe

Apr 5, 2024 | jdsupra.com | Rebecca Fike |Patrick Wroe

Another Southern District of New York (“SDNY”) court has sided with the Securities and Exchange Commission (“SEC”) in its enforcement campaign against the unregistered sale of cryptocurrency assets. On March 27, 2024, in SEC v. Coinbase, Inc., Judge Katherine Polka Failla held that the SEC’s complaint against Coinbase, Inc.

Nov 20, 2023 | jdsupra.com | Rebecca Fike |Paul Hill |Patrick Wroe

Evaluating a broad spectrum of challenges raised by the U.S. Chamber of Commerce and others, a unanimous panel of the U.S. Court of Appeals for the Fifth Circuit recently held that the SEC failed to provide a sufficient rationale to justify its Share Repurchase Disclosure Modernization Rule (the “Final Rules”), rendering the Final Rules arbitrary and capricious.

Jul 13, 2023 | velaw.com | Rebecca Fike |Marisa Antonelli |Patrick Wroe |Lara McMahon

By Rebecca Fike, Marisa Antonelli, Patrick Wroe, and Lara McMahon On July 13, 2023, a decision by Federal District Judge Analisa Torres of the Southern District of New York dealt a significant blow to the Securities and Exchange Commission’s enforcement efforts in the crypto space by holding that Ripple Labs, Inc.’s sale of crypto tokens on public exchanges was not a sale of unregistered securities because, in that situation, the tokens themselves were not securities.1 While the decision is...

Jun 22, 2023 | jdsupra.com | Michael Kurzer |Parker Hancock |Patrick Wroe

Draft rules were initially proposed in April 2021 by the European Commission (“EC”), the executive body of the EU.2 Now that the European Parliament has adopted its version of the new rules, it will begin three-party negotiations with the European Commission and the Council of the European Union.

Jun 21, 2023 | lexology.com | Michael Kurzer |Parker Hancock |Patrick Wroe

The EU is one step closer to approving regulation of AI systems, which, in addition to AI design rules in China, would be the first of their kind.