Insights
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SEC Crypto Litigation Releases – December 2024
Read More: SEC Crypto Litigation Releases – December 2024Stabilizing Terra: Algorithmic or Artificial? The Securities and Exchange Commission (SEC) settled serious charges against Tai Mo Shan Limited after accusing the company of misleading investors about the stability of Terra USD (UST), an “algorithmic stablecoin” issued by Terraform Labs that depegged in 2021, never to regain its peg. Adding to the heat, Tai Mo…
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Atkins and Sacks: Pioneers of Crypto Regulation?
Read More: Atkins and Sacks: Pioneers of Crypto Regulation?Kelman Law looks into how the nomination of Atkins and the appointment of Sacks may change the regulatory landscape of crypto and digital assets.
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SEC Crypto Litigation Releases: November 2024
Read More: SEC Crypto Litigation Releases: November 2024In November, the SEC charged Eng Taing and Touzi Capital with a $115 million securities fraud, misleading investors about crypto mining and debt rehabilitation investments. Funds were misused for personal gains while false profitability claims were made. The SEC seeks penalties and a ban on Taing, reinforcing the need for compliance in crypto markets.
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Will a New Chair Listen?: Peirce Urges SEC to Embrace Crypto
Read More: Will a New Chair Listen?: Peirce Urges SEC to Embrace CryptoIn early November, SEC Commissioner Hester Pierce delivered a fierce speech emblematic of her pro-crypto stance, offering a critique of her agency’s hostile treatment of digital assets and other innovative financial technologies in the United States. In an homage to Hobbes, Commissioner Peirce warned how a “regulatory environment that is characterized by instability, uncertainty, and…
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Can DAOs Be Sued? Insights from Lido’s Recent Case
Read More: Can DAOs Be Sued? Insights from Lido’s Recent CaseAccording to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in…
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What’s Next for Crypto: SEC Examination Priorities in 2025
Read More: What’s Next for Crypto: SEC Examination Priorities in 2025In the SEC’s latest report detailing the Examination Priorities for 2025, the Commission has reinforced its gameplan to keep a close eye on the crypto industry. As the market for digital assets continues to grow in both size and complexity—particularly with the introduction of Bitcoin ETFs and similar ETH products—the SEC’s Division of Examinations is…