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National Law Journal

SEC Denies Coinbase Request for New Regulation on Digital Assets

"As Gurbir Grewal, the director of the SEC's Division of Enforcement, has said, 'You simply can't ignore the rules because you don't like them or because you'd prefer different ones: the consequences for the investing public are far too great,'" SEC Chair Gary Gensler said.
3 minute read

Daily Business Review

Investors Demand Deposition of Binance Founder 'CZ' Before He Goes to Prison

The deposition request, in a class action in Florida, comes one day after a federal judge ordered Zhao to remain in the United States until his sentencing on Feb. 23.
4 minute read

New York Law Journal

Cryptocurrency Companies in Chapter 11: BlockFi's Experience

This article focuses on the confirmation of BlockFi's Chapter 11 plan, and the lessons learned from the case.
8 minute read

National Law Journal

SEC and CFTC Should Create Joint Standards to Address Crypto, Ex-Agency Chairs Say

"The basic problem here is that crypto trading platforms and other crypto intermediaries are essentially unregulated," Timothy Massad said.
3 minute read

Delaware Business Court Insider

BitGo Attorney Says Galaxy 'Got Lucky' in Exit From $1.2B Crypto Deal

BitGo is seeking $100 million for a busted $1.2 billion merger. The termination fee in that complaint is thought to be the largest ever requested by a cryptocurrency company.
4 minute read

New York Law Journal

Divergent Paths of Crypto Fraud Enforcement: How Three Major U.S. Agencies Police Fraud

Because Congress has failed to enact modern legislation governing crypto assets, the DOJ, SEC and CFTC have been compelled to shoehorn their crypto-related fraud enforcement strategies into distinct schemes that are decades old. Predictably, the outdated and varied methodologies have returned mixed and contradictory results.
9 minute read

The American Lawyer

After 1 Year, FTX Bankruptcy Is More Lucrative for Law Firms Than Enron and Lehman

For law firms like Sullivan & Cromwell and Quinn Emanuel Urquhart & Sullivan, the bankruptcy of FTX is proving to be just as profitable as some of the most notoriously lucrative Chapter 11 proceedings.
3 minute read

New York Law Journal

NY City Bar Reports Cyberattack That Impacted Its Members, Workers

On Oct. 18, the NYCBA learned that between Dec. 2, 2022, to Dec. 24, 2022, an unauthorized actor may have accessed certain personal information located on the city bar's network, the spokesman said.
3 minute read

Law.com

Major League Baseball, Formula One Team Sued for Promoting FTX Cryptocurrency

Major League Baseball, Mercedes-AMG Petronas Formula One Team and two ad agencies, Wasserman Media Group and Dentsu McGarry Bowen, were sued on Monday as the latest promoters of failed cryptocurrency exchange FTX.
3 minute read

New York Law Journal

Going After Blockchain Coders—and Perhaps Even the Code?

A number of recent cases involving blockchain platforms illustrate the difficulties that sometimes emerge in understanding what roles software coders do and don't play when it comes to such systems, and thus whether they may potentially be faced with liability.
17 minute read

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