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SEC Announces Charges in Cryptomining and Trading Scheme
by: Rebecca D. Kerley | Blockchain Law Center | (05/06/2022)
The SEC has announced fraud charges stemming from unregistered offerings and sales of investment plans called mining packages, which promised investors signficant returns.
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McGonigle, P.C. has been awarded Mansfield Rule Certification after completing a rigorous 18-month collaboration with Diversity Lab.
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SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit
by: Rebecca D. Kerley | Blockchain Law Center | (05/04/2022)
The SEC announces an additional 20 positions dedicated to the unit responsible for bringing enforcement actions related to crypto markets and cyber-related threats.
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Comptroller of the Currency Advocates for Uniform Standards for Stablecoins
by: Michael P. McDonald | Blockchain Law Center | (04/28/2022)
On April 27, 2022 the Acting Comptroller of the Currency, Michael Hsu issued a statement suggesting that the government should work together with the cryptocurrency industry and academics to develop uniform standards for stablecoins.
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IOSCO Issues Detailed Report on DeFi
by: Lisa Weingarten Richards, Maggie Sklar | Blockchain Law Center | (03/30/2022)
IOSCO, an international association of securities regulators which and includes the SEC and CFTC in its membership, just issued a Report about DeFi which may impact future legislation and regulation
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“Shadow Trading” Becomes Insider Trading
by: Stephen J. Crimmins | Columbia Law School Blue Sky Blog | (03/28/2022)
The U.S. District Court in San Francisco denied a motion to dismiss charges filed by the Securities and Exchange Commission under an expansive new theory of insider trading liability. In a matter of first impression, the court ruled in SEC v. Panuwat[1] that a defendant with material nonpublic information ("MNPI") about an issuer may incur insider trading liability by trading in the securities of a different and unrelated issuer that could possibly be affected by public announcement of the first issuer’s MNPI.
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McGonigle PC has added Maggie Sklar, a former attorney for the Federal Reserve Bank of Chicago and the Commodity Futures Trading Commission, as a partner in its Chicago office, where she'll advise financial services clients in a host of regulatory matters.
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Paul Merolla Named 2022 Recipient of SIFMA’s C&L Society’s Rauschman Award
(03/21/2022)
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What High Court Vaccine Ruling Could Mean For Crypto Regs
Law 360 | (03/21/2022)
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Client Alert: 7 Things You Need to Know about the Proposed SEC Cybersecurity Rules and Amendments for Public Companies
(03/17/2022)
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Maggie Sklar, Former Senior Policy Advisor at the Federal Reserve Bank of Chicago and Former Senior Counsel at the CFTC, Joins McGonigle
(03/14/2022)
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10 Things You Need to Know About DOJ’s Focus on Prosecuting White Collar Crime
(03/11/2022)