Following the highly criticized New York Times article that features commentary from the former CEO of FTX, Sam Bankman-Fried (SBF), the public continues to give the mainstream media flak for publishing “puff pieces” about SBF and the Alameda Research executive Caroline Ellison. A number of articles have been called out for being too lenient on…
The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I continue to be impressed with our Division of Enforcement.” SEC Focused on Enforcement The U.S. Securities…
QUICK TAKE U.S. prosecutors have asked a court to sentence Greg Dwyer, Bitmex’s former head of business development, to 12 months of probation for violating the U.S. Bank Secrecy Act. In addition, prosecutors have requested an “agreed-upon $150,000 fine.” Dwyer has asked the court for a time-served sentence with no probation, according to a letter…
Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory malpractice,” the lawmakers told SEC Chair Gary Gensler. SEC Staff Leaving at Record Pace…
QUICK TAKE Two Chinese intelligence officers were charged with obstruction of justice for bribing a U.S. government worker acting as a double agent, according to the U.S. Attorney’s Office. The two officers, Guochun He and Zheng Wan, tried to recruit the government worker to steal files related to an “ongoing federal criminal investigation and prosecution…
QUICK TAKE Securities and Exchange Commission Chair Gary Gensler doesn’t view decentralization as a fact of crypto markets, despite the origins of digital currencies in circumventing centralized authorities. “There’s a tendency for central intermediaries to benefit from scale, network effects, and access to valuable data. Though technological innovations repeatedly disrupt incumbent business models, centralization still…
Important papers pertaining to the Hinman Speech were ultimately released to the Defendants by the U.S. Securities and Exchange Commission (SEC). The commission moved to submit its Memorandum in Opposition to the Ripple Defendants shortly after making this momentous decision. In the document, the SEC noted that there is no plausible explanation for the Defendants’…
Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships. Interest in Web3 continues to grow despite the crypto bear market. A recent article from McKinsey noted that venture capital investments in Web3 exceeded $18 billion during the first half of 2022. Findings from Cointelegraph Research…
Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want. Mishi Choudhary, the legal director of the Software Freedom Law Center, supported the efforts of some United States lawmakers to develop an electronic version of the U.S. dollar. In…