Tag Archives: SEC

Crypto Financial Products Launch; G7 Addresses CBDCs; SEC Commissioners and Foreign Regulators Address Crypto; ICO Founders Plead to Tax Evasion

Photo of Veronica ReynoldsPhoto of Robert A. MusialaPhoto of Joanna F. WasickPhoto of Keith R. MurphyPhoto of Jordan R. SilversmithBy Veronica Reynolds, Robert A. Musiala, Joanna F. Wasick, Keith R. Murphy and Jordan R. Silversmith on Posted in Bitcoin, Blockchain, Cryptocurrency, Cybersecurity, ICOs, Securities & Exchange Commission, Uncategorized
• Crypto Products Launch in Payments, ETFs, DeFi; Bitcoin Mining Data Published • G7 Considers Impact of CBDCs in New Publications • Blockchain Solutions Launch in B2B Software; Cobalt and Leather Supply Chains • SEC Commissioners Address Crypto Market Regulation in Contrasting Speeches • Foreign Regulators Address Crypto Advertising, Mining and Ransomware • ICO Founders … Continue Reading

DOJ Targets Cryptocurrency Fraud

Photo of John J. CarneyPhoto of Robert A. MusialaPhoto of Michelle TanneyPhoto of Kayley SullivanBy John J. Carney, Robert A. Musiala, Michelle Tanney and Kayley Sullivan on Posted in Blockchain, Cryptocurrency, Enforcement, Securities & Exchange Commission
Authorship credit: John J. Carney, Robert A. Musiala Jr., Michelle N. Tanney, and Kayley B. Sullivan On October 6, 2021, the U.S. Department of Justice (“DOJ”) announced the creation of a National Cryptocurrency Enforcement Team (“NCET” or “Team”) to tackle investigations and prosecutions of criminal misuses of cryptocurrency, including crimes committed by virtual currency exchanges, … Continue Reading

Crypto Initiatives and Blockchain Supply Chain Solutions Launch; Reports Provide 2021 Crypto Market Stats, Address Risks; DOJ Crypto Team Announced

Photo of Robert A. MusialaPhoto of Lauren BassPhoto of Veronica ReynoldsPhoto of Jordan R. SilversmithBy Robert A. Musiala, Lauren Bass, Veronica Reynolds and Jordan R. Silversmith on Posted in Blockchain, Cryptocurrency, Enforcement, ICOs, NFTs, Securities & Exchange Commission, Uncategorized
• Major Financial Institutions Announce Crypto and Blockchain Initiatives • Blockchain Adopted to Improve Supply Chains and Authenticate Products • Blockchain Reports Publish 2021 Blockchain, DeFi and NFT Stats • Financial Watchdogs Publish Reports Addressing Cryptocurrency Markets • DOJ Announces Crypto Enforcement Team, Warning Issued on French ICO Major Financial Institutions Announce Crypto and Blockchain … Continue Reading

NFT Scandals Coincide with Increased Push for Crypto Regulation

Photo of George StamboulidisPhoto of Robert A. MusialaPhoto of Christina GotsisBy George Stamboulidis, Robert A. Musiala and Christina Gotsis on Posted in Cryptocurrency, Enforcement, NFTs, Securities & Exchange Commission, Uncategorized
Authorship credit: George A. Stamboulidis, Robert A. Musiala Jr., and Christina O. Gotsis Problems caused by the lack of regulation in NFT markets were clearly exposed just last month with the revelation of not one, but two NFT scandals involving the use of insider information to snag exclusive pieces and game the market. In early … Continue Reading

Market Updates in CBDCs, Crypto Funds, BD-ATS Platforms and Stablecoins; DOJ and CFTC Enforcement Continues; DeFi Error Releases Millions in Crypto

Photo of Robert A. MusialaPhoto of Veronica ReynoldsPhoto of Kayley SullivanPhoto of Lauren BassPhoto of Keith R. MurphyPhoto of Jordan R. SilversmithBy Robert A. Musiala, Veronica Reynolds, Kayley Sullivan, Lauren Bass, Keith R. Murphy and Jordan R. Silversmith on Posted in Banking, Bitcoin, Cryptocurrency, Enforcement, Global, Government, NFTs
In this issue: • CBDCs Explored by the U.K., New Zealand and Major Payments Network • New Products Launch in Crypto Funds, BD-ATS Platforms and Stablecoins • Fashion, Sports, Graphic Novels and Art: NFT Market Continues to Expand • Crypto Enforcement: DOJ and CFTC Target Sanctions and Registration Violations • DeFi Error Releases Millions in … Continue Reading

Financial Institutions Pursue Cryptocurrency and Blockchain Offerings, US Treasury Sanctions Russian Crypto OTC Desk, Multiple DeFi Platforms Hacked

Photo of Lauren BassPhoto of Veronica ReynoldsPhoto of Joanna F. WasickPhoto of Kayley SullivanBy Lauren Bass, Veronica Reynolds, Joanna F. Wasick and Kayley Sullivan on Posted in Bitcoin, Blockchain, Cryptocurrency, NFTs, Securities & Exchange Commission
• Traditional Financial Firms Pursue Crypto and Blockchain Market Offerings • States Target Crypto Lending Platform, Alleging Securities Laws Violations • US Treasury Sanctions Russian Crypto OTC Desk, Issues Ransomware Advisory • Cryptocurrency Hackers Continue to Plague DeFi Platforms Traditional Financial Firms Pursue Crypto and Blockchain Market Offerings By Lauren Bass Earlier this week, a … Continue Reading

Market Initiatives Announced in Crypto Compliance, Digital Asset Exchange, Blockchain Enterprise Solutions and NFTs; SEC Chairman Comments on Crypto

Photo of Robert A. MusialaPhoto of Kayley SullivanPhoto of Veronica ReynoldsPhoto of Keith R. MurphyBy Robert A. Musiala, Kayley Sullivan, Veronica Reynolds and Keith R. Murphy on Posted in Bitcoin, Blockchain, Cryptocurrency, Enforcement, NFTs, Securities & Exchange Commission
• US Firm Acquires Crypto Co., Swiss Digital Asset Exchange Gains License • Enterprise Firms Announce Polygon Integration and Shipping Data Solution • NFT Sells for Record $1.1M, NFT Marketplace Exec Accused of Insider Trading • SEC Chairman Comments on Crypto Market in Senate Committee Speech • US Crypto Exchange Files with NFA, UK FCA … Continue Reading

NFT Market Expands in Alcohol, Athletics and Art; Regulators Warn Against Crypto Risks; U.S. Agencies Target Crypto Fraud

Photo of Lauren BassPhoto of Kayley SullivanPhoto of Veronica ReynoldsBy Lauren Bass, Kayley Sullivan and Veronica Reynolds on Posted in Bitcoin, Cryptocurrency, NFT, Platforms
In this issue: • Alcohol, Athletics, and Art: NFT Adoption Continues to Expand • US, UK and Thailand Regulators Warn of Crypto Risks, Act Against Exchange • DOJ and SEC Actions Target Crypto Fraud Scheme and Crypto Exchanges Alcohol, Athletics, and Art: NFT Adoption Continues to Expand By Lauren Bass To celebrate National Rum Day, … Continue Reading

CBDC Initiatives Announced, NFTs Expand Across Markets, Token and Wallet Applications Evolve, SEC and DOJ Target Crypto Fraud, Crypto Hacks Continue

Photo of Robert A. MusialaPhoto of Lauren BassPhoto of Veronica ReynoldsPhoto of Jordan R. SilversmithPhoto of Teresa Goody GuillénBy Robert A. Musiala, Lauren Bass, Veronica Reynolds, Jordan R. Silversmith and Teresa Goody Guillén on Posted in Bitcoin, Blockchain, Cryptocurrency, Cybersecurity, Enforcement, NFT, NFTs, Securities & Exchange Commission, Uncategorized
In this issue: • CBDC Initiatives Announced, Blockchain Trade Finance Platform Launches • Baseball, Art, Politics, Commerce: NFT Market Continues to Expand • Gaming Token Shifts Away from Ethereum, MetaMask Announces 10M Users • BitConnect Charged in $2B Crypto Fraud, BitConnect Promoter Pleads Guilty • Seychelles Investigates Crypto Fraud, Singapore Issues Warning for Exchange • … Continue Reading

SEC Scrutinizes Use of Fintech by Broker-Dealers and Investment Advisers

Photo of Teresa Goody GuillénPhoto of Jonathan A. FormanPhoto of Madison GaudreauBy Teresa Goody Guillén, Jonathan A. Forman and Madison Gaudreau on Posted in FinTech, Securities & Exchange Commission
The Securities and Exchange Commission (“SEC”) recently issued a request for information and public comment on the use of new and emerging technologies by investment advisers and broker-dealers that suggests potential regulatory action to come.[1] According to its release, the SEC is seeking to understand how registrants — whether online brokerages, robo-advisers, internet investment advisers, … Continue Reading

Cryptocurrency and NFT Market Growth Continues, Regulators Across Globe Target Crypto Industry as Threats Continue, Global Blockchain Survey Published

Photo of Robert A. MusialaPhoto of Veronica ReynoldsPhoto of Lauren BassPhoto of Teresa Goody GuillénPhoto of Keith R. MurphyPhoto of Joanna F. WasickBy Robert A. Musiala, Veronica Reynolds, Lauren Bass, Teresa Goody Guillén, Keith R. Murphy and Joanna F. Wasick on Posted in Banking, Bitcoin, Blockchain, Cryptocurrency, Cybersecurity, Enforcement, Global, NFT, Securities & Exchange Commission
In this issue: •Crypto Market Develops in DeFi, Payments, Compliance and Consumer Adoption • Market Navigation, Fashion Metaverse, Online Tutorials: NFT Adoption Continues • Crypto Compliance Addressed by CFTC, Thai SEC, South Korea and UK FCA • SEC, DOJ and Ontario Securities Commission Bring Crypto Enforcement Actions • Reports Released on Crypto Scams and Malware, … Continue Reading

Crypto, CBDC and Blockchain Supply Chain Initiatives Announced; More SEC and FinCEN Enforcement; Crypto Tax Amendment Fails; DeFi Hacked for $600M

Photo of Robert A. MusialaPhoto of Veronica ReynoldsPhoto of Joanna F. WasickPhoto of Teresa Goody GuillénPhoto of Nicholas C. MowbrayPhoto of Kayley SullivanBy Robert A. Musiala, Veronica Reynolds, Joanna F. Wasick, Teresa Goody Guillén, Nicholas C. Mowbray and Kayley Sullivan on Posted in Bitcoin, Blockchain, Cryptocurrency, Enforcement, Platforms, Securities & Exchange Commission, Tax
In this issue: • Crypto Firms Pursue Bank Charters, Traditional Financial Firms Integrate Crypto • CBDC and Blockchain Remittance Initiatives Launch Across Foreign Markets • Blockchain Supply Chain Initiatives Launch Across Various Industries • SEC Charges DeFi Company and Digital Asset Exchange Platform • FinCEN Settles Enforcement Action Against Major Cryptocurrency Exchange • Senate Passes … Continue Reading

SEC Doubles Down on Crypto Enforcement

Photo of John J. CarneyPhoto of Teresa Goody GuillénPhoto of Adam GalePhoto of Jonathan A. FormanPhoto of Michelle TanneyBy John J. Carney, Teresa Goody Guillén, Adam Gale, Jonathan A. Forman and Michelle Tanney on Posted in Bitcoin, Blockchain, Cryptocurrency, Enforcement, Securities & Exchange Commission, White Collar
In a speech before the Aspen Security Forum on August 3, 2021, Securities and Exchange Commission (“SEC” or “Commission”) Chair Gary Gensler urged lawmakers to provide him with the power to police cryptocurrency trading, referring to it as the “Wild West.”[1] While he noted that the views he was sharing were his own and not … Continue Reading

Cryptocurrency Payment Products and NFT Initiatives Launch, SEC Chairman Addresses Crypto, Pending Legislation Includes New Crypto Tax Reporting Rules

Photo of Robert A. MusialaPhoto of Joanna F. WasickPhoto of Lauren BassPhoto of Veronica ReynoldsPhoto of Nicholas C. MowbrayBy Robert A. Musiala, Joanna F. Wasick, Lauren Bass, Veronica Reynolds and Nicholas C. Mowbray on Posted in Bitcoin, Blockchain, Cryptocurrency, Enforcement, NFTs
In this issue: • New Crypto Products Launch in Payment Cards, Gold and Sandwiches • More NFTs Launch in Sports, Fashion, Gaming and Charity Auctions • SEC Chairman, Kentucky and UK Address Various Aspects of Crypto Industry • Proposed Legislation Expands Crypto Tax Reporting, Senators Seek Amendment New Crypto Products Launch in Payment Cards, Gold … Continue Reading

New Stablecoin and CBDC Developments, Blockchain Enterprise Initiatives Announced, Crypto Financial Services Firm Targeted by State Regulators

Photo of Robert A. MusialaPhoto of Joanna F. WasickPhoto of Jordan R. SilversmithPhoto of Keith R. MurphyPhoto of Kayley SullivanBy Robert A. Musiala, Joanna F. Wasick, Jordan R. Silversmith, Keith R. Murphy and Kayley Sullivan on Posted in Blockchain, Cryptocurrency, Securities & Exchange Commission
In this issue: • US Stablecoin Issuers Publish New Details on US Dollar Reserves • US Treasury, Bank of Canada and Academics Address Stablecoins and CBDCs • Australian and Georgian Governments Launch Blockchain Initiatives • Crypto Financial Services Firm Targeted by State Securities Regulators • SEC Enforcement Actions Target Cryptocurrency-Related Misrepresentations US Stablecoin Issuers Publish … Continue Reading

Crypto Initiatives Announced in Exchanges, ETFs, Payments; NFT Initiatives Continue; Bitcoin Mining Difficulty Adjusts; Global Enforcement Actions Continue

Photo of Keith R. MurphyPhoto of Lauren BassPhoto of Veronica ReynoldsPhoto of Teresa Goody GuillénPhoto of Jordan R. SilversmithBy Keith R. Murphy, Lauren Bass, Veronica Reynolds, Teresa Goody Guillén and Jordan R. Silversmith on Posted in Bitcoin, Cybersecurity, NFT
In this issue: • Cryptocurrency Exchanges, ETFs and Payment Initiatives Announced • Hollywood, Paradise and Banking: NFT Use Cases Continue to Expand • Bitcoin Network Mining Difficulty Adjusts in Wake of China Crackdown • DOJ, CFTC and SEC Target Crypto Fraud, Registration, Anti-Touting Violations • US Ransomware Task Force Announced, Crypto Crimes Continue Across Globe … Continue Reading

NFT Initiatives Continue, Blockchain Tracing Solutions Expand, SEC Targets ICO, Crypto Enforcement Data Published, Regulators Across Globe Address Crypto

Photo of Veronica ReynoldsPhoto of Jordan R. SilversmithPhoto of Teresa Goody GuillénPhoto of Joanna F. WasickPhoto of Kayley SullivanBy Veronica Reynolds, Jordan R. Silversmith, Teresa Goody Guillén, Joanna F. Wasick and Kayley Sullivan on Posted in Blockchain, Cryptocurrency, NFTs, Securities & Exchange Commission
In this issue: • NFT Initiatives Continue, Cryptocurrency Advertising Restrictions Ease • Blockchain Traceability Solutions Expand in Food, Shipping and Jewelry Sectors • SEC Settles ICO Fraud, US Crypto Enforcement Reaches $2.5 Billion • Regulators in Canada, UK and Portugal Address Cryptocurrency Market • China Crypto Crackdown Continues, South Korea Seizes Tax Evader Crypto NFT … Continue Reading

Reports Address CBDCs, Security Tokens; NFT Sales Continue; Blockchain Initiatives Announced; Regulators Address Crypto; SEC Targets ICO Fraud

Photo of Veronica ReynoldsPhoto of Jordan R. SilversmithPhoto of Keith R. MurphyPhoto of Teresa Goody GuillénBy Veronica Reynolds, Jordan R. Silversmith, Keith R. Murphy and Teresa Goody Guillén on Posted in Blockchain, NFTs, Securities & Exchange Commission
In this issue: • Reports Address CBDCs and Security Tokens, Banks Launch Crypto Initiatives • NFT Sales Continue at Auction House, US Space Force and News Organization • Blockchain Initiatives Announced in Food, Automotive and IP Sectors • US Congress Members and Foreign Regulators Pursue Cryptocurrency Reforms • SEC Charges ICO Fraud, SEC/CFTC Warn Bitcoin … Continue Reading

Crypto Investment and Payment Products Launch, BiTA Platform Announced, SEC and OFAC Take Crypto Enforcement Actions, FCA Extends AML Exemption

Photo of Veronica ReynoldsPhoto of Jordan R. SilversmithPhoto of Keith R. MurphyBy Veronica Reynolds, Jordan R. Silversmith and Keith R. Murphy on Posted in Bitcoin, Cryptocurrency, Securities & Exchange Commission
In this issue: • Crypto Investment and Payments Products Launch, Payment Data Published • Acquisition Targets ‘Smart Agreements’ Tech, BiTA Platform Launched • SEC and OFAC Take Crypto Enforcement Actions, FCA Extends AML Exemption Crypto Investment and Payments Products Launch, Payment Data Published By: Veronica Reynolds Last week Securitize announced the launch of Securitize Capital, … Continue Reading

Reports Analyze Bitcoin Price, Energy Consumption; SEC Petitioned on NFTs, NFT Platform Sued; FDIC and FATF Focus on Crypto; Hacks and Fraud Continue

Photo of Keith R. MurphyPhoto of Teresa Goody GuillénPhoto of Veronica ReynoldsPhoto of Joanna F. WasickPhoto of Jordan R. SilversmithBy Keith R. Murphy, Teresa Goody Guillén, Veronica Reynolds, Joanna F. Wasick and Jordan R. Silversmith on Posted in Bitcoin, Cryptocurrency, NFTs, Ransomware, Securities & Exchange Commission
In this issue: • Reports Analyze Bitcoin Price Crash and Network Energy Consumption • SEC Petitioned on NFTs, NFT Platform Sued in Class Action as More NFTs Launch • FDIC Seeks Info on Crypto, FATF Focuses on DeFi, Payment Solutions Announced • Reports Cover Pipeline Ransomware, Crypto Schemes and DeFi Hacks Reports Analyze Bitcoin Price … Continue Reading

Market Actors Integrate Cryptocurrency into Payment and Investment Products, More NFTs Launched, SEC Staff Issues Crypto Statement, DeFi Hacked for $14M

Photo of Robert A. MusialaPhoto of Veronica ReynoldsPhoto of Teresa Goody GuillénPhoto of Joanna F. WasickBy Robert A. Musiala, Veronica Reynolds, Teresa Goody Guillén and Joanna F. Wasick on Posted in Bitcoin, Cryptocurrency, NFTs
In this issue: • Market Actors Continue to Integrate Cryptocurrency into Payment Systems • US Firms Launch Bitcoin Investment Products and Enhance Crypto Offerings • Auction Houses Continue with NFT Sales, Dictionary Adds ‘Non-Fungible Token’ • SEC Staff Statement Addresses Risks and Monitoring of Bitcoin Futures Funds • Report Provides Data on SEC Cryptocurrency Enforcement … Continue Reading

Financial Firms Launch New Crypto Products, NFTs Trending, Crypto Exchange Acquires Broker-Dealer, SEC, DOJ, IRS and CFTC Actions Target Crypto Actors

Photo of Jordan R. SilversmithPhoto of Veronica ReynoldsPhoto of Joanna F. WasickPhoto of Keith R. MurphyPhoto of Robert A. MusialaBy Jordan R. Silversmith, Veronica Reynolds, Joanna F. Wasick, Keith R. Murphy and Robert A. Musiala on Posted in Bitcoin, Cryptocurrency
In this issue: • US Institutional Financial Firms, and Fintech Startups, Launch Crypto Products • Creative NFT Launches and Bitcoin Giveaways Continue To Trend • US Crypto Exchange Acquires Broker Dealer, SEC Action Targets Token Sales • US Enforcement Actions Target Cryptocurrency Darknet Activities and Fraud • DOJ and IRS Actions Target Crypto Tax Evaders, … Continue Reading

Crypto Firm Initiatives in CBDCs and Custody, GSA Auctions Bitcoin, Marketing Campaigns Integrate Crypto, ETFs Seek Approval, Enforcement Actions Continue

Photo of Jordan R. SilversmithPhoto of Veronica ReynoldsPhoto of Teresa Goody GuillénPhoto of Joanna F. WasickBy Jordan R. Silversmith, Veronica Reynolds, Teresa Goody Guillén and Joanna F. Wasick on Posted in Cryptocurrency, Securities & Exchange Commission
In this issue: • Crypto Firms Expand CBDC and Custody Initiatives, GSA Auctions Bitcoin • Token-Focused Marketing Campaigns Signal Rising Interest in Cryptocurrencies • ETFs Seek SEC Approval as Brazil Approves First ETF, FATF Updates Guidance • CFTC, Canadian Tax Agency and DOJ Continue Crypto Enforcement Activities Crypto Firms Expand CBDC and Custody Initiatives, GSA … Continue Reading

Crypto Financial Products Announced, MIT Seeks to Improve Bitcoin Codebase, SEC Addresses Digital Assets, DeFi Hacks Continue, Crypto Theft Data Published

Photo of Keith R. MurphyPhoto of Joanna F. WasickPhoto of Teresa Goody GuillénBy Keith R. Murphy, Joanna F. Wasick and Teresa Goody Guillén on Posted in Bitcoin, Cryptocurrency, Securities & Exchange Commission
In this issue: • Crypto Firms Launch New Services, MIT Seeks to Improve Bitcoin Codebase • Institutional Cryptocurrency Investment Products Advance, New Data Published • SEC Focuses on Digital Assets, DeFi Hacked, Crypto Theft Data Published Crypto Firms Launch New Services, MIT Seeks to Improve Bitcoin Codebase By Keith R. Murphy A San Francisco-based cryptocurrency … Continue Reading
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