Tagged: cryptocurrency

CFTC Opens Inquiry into Binance, One of the World’s Largest Cryptocurrency Exchanges

Matt Stankiewicz, Managing Counsel at The Volkov Law Group, joins us for a post looking into the CFTC’s recent inquiry into Binance. Matt can be contacted at MStankiewicz@volkovlaw.com. On Friday March 12, Bloomberg News reported that the Commodity Futures Trading Commission (“CFTC”) has opened an inquiry into Binance Holdings Ltd. (“Binance”) to investigate allegations that the exchange allowed US citizens to trade in cryptocurrency derivatives,...

The New York Attorney General’s Office Reaches Settlement with Bitfinex and Tether

Matt Stankiewicz, Managing Counsel at The Volkov Law Group, joins us for updates on the NYAG’s case against Bitfinex and Tether. Matt can be contacted at MStankiewicz@volkovlaw.com. In late February, the New York Attorney General’s office (“NYAG”) settled with Bitfinex and Tether stemming from charges relating to financial mismanagement.  The NYAG alleged that Bitfinex and Tether attempted to cover up the loss of approximately $850...

XRP

Ripple and SEC Joint Letter Indicates Sides Far Apart in Settlement Talks

Matt Stankiewicz, Managing Counsel at The Volkov Law Group, joins us for continued updates regarding the SEC enforcement action against Ripple. Matt can be reached at mstankiewicz@volkovlaw.com. On Monday, Ripple Labs, Inc.; Brad Garlinghouse, CEO; Christian Larsen, board chairman; and the U.S. Securities and Exchange Commission (“SEC”) filed a joint letter with Judge Analisa Torres in the Southern District of New York.  While this letter...

Episode 181 — Cryptocurrency Review: Matt Stankiewicz Discusses the SEC’s Case against Ripple, Predictions under the Biden Administration, and Bitcoin’s Corporate Surge

Matt Stankiewicz, Managing Counsel, The Volkov Law Group, and Michael Volkov discuss the latest events and trends within the cryptocurrency industry. Several major enforcement actions have hit the news recently, such as the CFTC’s case against BitMEX and the SEC’s high-profile action against Ripple and its XRP cryptocurrency.  We also discuss potential regulatory movement under the Biden Administration and what may be coming in the...

Ripple Responds to the SEC’s Enforcement Action

Matt Stankiewicz, Managing Counsel at The Volkov Law Group, joins us for updates on the SEC enforcement action against Ripple. Matt can be reached at mstankiewicz@volkovlaw.com. Following the SEC’s December filing, Ripple Labs, Inc. has now responded and taken its first steps to defend itself against the allegations.  Ripple’s first move was to file FOIA request with the SEC to obtain the information from the...

SEC Launches Enforcement Action Against Cryptocurrency Company Ripple

Matt Stankiewicz, Managing Counsel at The Volkov Law Group, joins us for a posting on the SEC enforcement action against Ripple. Matt can be reached at mstankiewicz@volkovlaw.com. In December 2020, three days before Christmas, the SEC filed a significant case against Ripple, the major cryptocurrency company. Ripple is a major cryptocurrency company, utilizing the technology to create a global digital payment network – an alternative...

An Introduction to Libra – Facebook’s Foray into Cryptocurrency and its Regulatory Hurdles

Matt Stankiewicz, Senior Associate at the Volkov Law Group, rejoins us for an interesting posting on Facebook’s cryptocurrency plans. Matt can be reached at mstankiewicz@volkovlaw.com. It was inevitable.  With the continuing growth of the cryptocurrency industry, major corporations were surely going to begin to figure out how best to profit from it.  Facebook has entered the game in a massive way with the announcement of...

Episode 88 — Matt Stankiewicz Interview of Liquidity Digital CEO Syed Hussain

The blockchain revolution is still merely in its infancy.  Liquidity Digital seeks to continue pushing the industry forward, by digitizing securities – stocks, derivatives, real estate, and more – and placing them on the blockchain.  Liquidity Digital is building an ecosystem for the creation of new assets, introducing ways to allocate capital to traditionally underserved areas of financial markets and provide a practical application of distributed ledger...

2019 Cryptocurrency Regulations – A Primer and What to Expect Throughout the Year

Matt Stankiewicz, Senior Counsel at The Volkov Law Group, rejoins us for an interesting posting on 2019 cryptocurrency trends and regulations. Matt can be contacted at mstankiewicz@volkovlaw.com. You’ve heard this before, but it still holds true – cryptocurrency regulations are coming.  Everyone knows they’re inevitable, and there has been some trepidation amongst investors that regulations will disrupt innovation and just generally cause a mess within...

Episode 50 — Cryptocurrency and Blockchain: Matt Stankiewicz Interview of Jason Davis, CEO of Hoard Invest

  Investing in cryptocurrency is fraught with challenges and inefficiencies. Jason Davis is seeking to solve these problems with Hoard Invest – with a mission to empower anyone, anywhere in the world to hold, track, transfer, and transact with any tokenized asset from their mobile device, privately & instantly. The task in doing so is nothing short of monumental, especially considering the regulatory ambiguity around the industry....