After undertaking a legal analysis, the SEC Division of Corporation Finance concluded “that the offer and sale of Covered Stablecoins, … do not involve the offer and sale of securities within the meaning of [the Securities Act or the Exchange Act].”
The full update can be found here on our US Regulatory Intelligence platform.
House Republicans urged the SEC to reform current rules on shareholder proposals, warning that “the politicization of the proxy process continues to place a substantial burden on public companies[.]”
The full update can be found here on our US Regulatory Intelligence platform.
SEC Commissioner Hester M. Peirce outlined seven strategies for Congress to streamline crypto regulation.
The full update can be found here on our US Regulatory Intelligence platform.
FINRA requested comment on “modernizing” current rules, guidance and process relating to capital formation.
The full update can be found here on our US Regulatory Intelligence platform.
At the Crypto Task Force inaugural roundtable, SEC Commissioner Caroline A. Crenshaw cautioned Commissioner Hester M. Peirce and Acting Chair Mark T. Uyeda against conceding that many crypto assets and related activities should not be subject to securities laws.
The full update can be found here on our US Regulatory Intelligence platform.
Acting SEC Chair Mark T. Uyeda argued that the agency must “prioritize effective and cost-efficient regulations that respect the limits of our statutory authority,” return to a “back to the basics” approach to rulemaking, enhance engagement with stakeholders and embrace product innovation.
The full update can be found here on our US Regulatory Intelligence platform.
On June 27, 2024, the Supreme Court issued a decision holding that the Securities and Exchange Commission’s (SEC) practice of seeking civil monetary penalties in securities fraud cases filed in its administrative forum violates the Seventh Amendment of the Constitution. SEC v. Jarkesy, No. 22–859 (June 27, 2024). The Supreme Court’s reasoning could
The SEC remains busy exploring additional, alternative means for requiring public companies to disclose climate risks and greenhouse gas emissions.
On June 16, 2021, the U.S. House of Representatives passed H.R. 1187, the “ESG Disclosure Simplification Act of 2021” (“Act”), by a 215-214 vote. The Act, if passed by the U.S. Senate and signed into law by President Biden, would direct the U.S. Securities and Exchange Commission (“SEC” or “Commission”) to issue rules requiring public
Once relegated to the fringe of the crypto/FinTech communities, non-fungible tokens (NFTs) have recently exploded to the forefront of modern pop culture and are taking on an ever increasing number of forms—from collectible digital kittens, to sport highlights, to music albums, to pieces of art auctioned off by Christie’s for US $69.3 million.
But what,