United States

Crypto / Digital Assets

US Government to Allow Voyager-Binance.US Deal to Proceed

By Editors | 24/04/2023

The DOJ is prepared to allow the deal to proceed, provided that the contentious elements be put on hold pending a legal appeal.

Crypto / Digital Assets

VC Firm Tribe Capital Eyes $250m Fund Raise to Restart FTX

By Mark Johnston | 24/04/2023

FTX’s creditors are in talks with Tribe Capital, a venture capital firm that is interested in leading a $250mn fund raise to restart the exchange.

Enforcement

US Fines Seagate Over Hard Drive Shipments to Huawei

By Sanday Chongo Kabange | 24/04/2023

Seagate was fined $300mn, the largest standalone administrative penalty in BIS history, for shipping hard drives to Huawei in violation of US export controls.

AML / KYC

ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair

By Editors | 23/04/2023

The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.

ESG / Sustainability

Investors to Hold US Banks, Insurers to Account on Climate

By ESG Investor | 23/04/2023

This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments.

Enforcement

Barclays to Close 21 ETN Products Following Over-issuance Incident

By Mark Johnston | 22/04/2023

Barclays will close nearly half of its US-listed ETNs. The bank was penalised by the SEC last year for over-issuing $17.7bn in securities.

Crypto / Digital Assets

US SEC Issues Guidance on Providing Advice to Retail Investors

By Sanday Chongo Kabange | 21/04/2023

Finance professionals should apply “heightened scrutiny” when recommending or advising on complex and risky products, such as crypto asset securities.

AML / KYC

European Parliament Gives Final Approval on MiCA Law

By Manesh Samtani | 21/04/2023

MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.

Crypto / Digital Assets

NBA Hall of Famer Shaquille O’Neal Served FTX Lawsuit

By Editors | 21/04/2023

Lawyers have been attempting to serve O’Neal since November 2022 but he reportedly evaded agents hired to serve the documents for months.