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Join the Securities Litigation and Enforcement Group on LinkedInFinCEN Chief Digital Currency Adviser Korver Departs for A16z as Head of Regulatory
Michele Korver, a government and law-enforcement veteran who was most recently the chief digital currency adviser at the U.S. Financial Crimes Enforcement Network (FinCEN), is joining Andreessen Horowitz (a16z) as its head of regulatory. Source: FinCEN Chief Digital Currency Adviser Korver Departs for A16z as Head of Regulatory
Bitcoin cash machines ordered to shut down in UK – BBC News
Crypto-ATMs look like regular cash machines and let people buy crypto-currency, such as Bitcoin, using their bank cards. But no company offering crypto-currency services in the UK has a licence to operate a crypto-ATM. The FCA said all such machines must be shut down or it will take action. Source: Bitcoin cash machines ordered to […]
Crypto Aims to Boost Influence With Washington Hires – WSJ
Those working for or advising cryptocurrency firms or investment funds include three former chairs of the Securities and Exchange Commission, three former chairs of the Commodity Futures Trading Commission, three former U.S. senators, and at least one former White House chief of staff, former Treasury secretary and former chair of the Federal Deposit Insurance Corporation. […]
SEC Awards Approximately $14 Million to Whistleblower
“Whistleblowers can play a critical role in an investigation,” said Creola Kelly, Chief of the SEC’s Office of the Whistleblower. “Here, the whistleblower posted a research report online outlining the allegations against the company and its officer and also, importantly, took expeditious steps to provide this information to the Commission. This case demonstrates the importance […]
The SEC’s Former Head of Internet Enforcement Fears How the Crypto Story Ends
President Joe Biden signed an executive order Wednesday to develop a plan to regulate the cryptocurrency industry while still allowing for innovation. The news was cheered among many in the crypto world, who saw it as further proof that the industry would be accepted by mainstream institutions and no longer struggle with legal ambiguity. Stark, […]
SEC Proposes Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies
The proposed amendments would require, among other things, current reporting about material cybersecurity incidents and periodic reporting to provide updates about previously reported cybersecurity incidents. The proposal also would require periodic reporting about a registrant’s policies and procedures to identify and manage cybersecurity risks; the registrant’s board of directors’ oversight of cybersecurity risk; and management’s […]
Biden to Order Study of Cryptocurrency Risk, Creation of U.S. Digital Currency – WSJ
President Biden will sign an executive order on Wednesday instructing agencies across the federal government to study the possible risks presented by the explosion in popularity of cryptocurrencies and consider the creation of a U.S. digital currency. The executive order will urge federal regulators to review the risks a roughly $1.75 trillion crypto market presents […]
Crypto platforms that don’t register with the SEC do business ‘outside the law’: Gensler
In a new interview for Influencers with Andy Serwer, the influential SEC chair explained why he views existing law as “straightforward” when it comes to exercising broad influence on issues from a potential spot Bitcoin ETF to the regulation of cryptocurrency platforms more broadly. Gensler is currently urging the biggest cryptocurrency exchanges — like Coinbase […]
Bitcoin sanctions could be next as DOJ unveils crypto crackdown plans
As Moscow’s war on Ukraine rages on and the Russian economy — and currency — spiral to new lows, Washington is reportedly trying out a new way to dial up the pressure on Putin: sanctions targeting cryptocurrencies like bitcoin and ethereum. The Department of Justice announced early Wednesday a new task force broadly designed to […]