SEC Gets in Line at the Genesis Bankruptcy On January 31, 2024, bankrupt Genesis Global Holdco, LLC, on behalf of its subsidiary Genesis Global Capital, LLC1 asked the United States Bankruptcy Court for the Southern District of New York to approve a settlement reached with the SEC to… Read More
FINRA Crypto Sweep Finds Potential Violations in 70% of Communications In January 2024, the Financial Industry Regulatory Authority (FINRA) reported a staggering rate of potentially inaccurate and misleading information in broker-dealer crypto asset communications. The Regulator revealed that approximately 70% of… Read More
IRS Says Digital Assets Are Not (Yet) Subject to Cash Reporting Obligations The Internal Revenue Service (“IRS”) issued an announcement that it is delaying implementation of reporting obligations for businesses that accept large amounts of digital assets. This SKrypto Blog Post… Read More
(Un?)Educated Guesses The New Year is upon us, which means plenty of news stories looking back at blockchain events in 2023, such as this one (From NFTs to XRP: the biggest crypto stories of 2023 (Axios)),… Read More