Category: Congress

Trump’s WLFI Crypto Venture Raises Ethical Concerns Before Election

Posted on by TME in Blockchain, Congress, Cryptocurrency, politics
President Donald Trump seated as Don Jr. kneels down to whisper to him.
Used with permission via Forbes.com | Forbes Contributor

Former President Donald Trump’s new crypto venture, World Liberty Financial (WLFI), is stirring ethical concerns as he runs for re-election. This article explores the potential conflicts of interest, the timing of the platform’s launch, and its impact on both the crypto industry and the political landscape. With ties to controversial figures and limited investor access, WLFI raises questions about transparency and ethics.

Read the full article on Forbes.com to understand the implications of Trump’s crypto venture ahead of the 2024 election.

Will Senator Chris Coons’ S. 4751 Bill Limit Crypto Firms’ SEC Challenge?

Posted on by TME in Blockchain, Congress, Cryptocurrency, Law Practice

The Agency Stability Restoration Act of 2024 is poised to reshape how industries, particularly the fast-evolving crypto sector, challenge federal regulations. This article explores the implications of the U.S. Supreme Court’s recent Corner Post decision, which expanded the timeframe for lawsuits, and how the new Act could limit that window to six years. With insights into the potential acceleration of litigation, innovation risks, and increased SEC enforcement, this analysis offers a comprehensive look at the future of regulatory challenges in the digital assets industry.

Read the full article on Forbes.com to discover how this legislation could affect the crypto industry’s legal strategies and innovation potential.

Why Clashing With OpenSea Could Be The Last Straw For Gary Gensler

Posted on by TME in Blockchain, Congress, Cryptocurrency

Gary Gensler’s tenure as Chair of the Securities and Exchange Commission (SEC) has become increasingly contentious, particularly after OpenSea’s CEO, Devin Finzer, announced via tweet on August 28, 2024 that the company received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice signals the SEC’s intent to pursue enforcement action against a leading NFT marketplace.

This latest notice epitomizes the Gensler-led SEC’s aggressive and controversial approach to digital assets. Critics argue that Gensler’s actions reveal a reckless disregard for the statutory framework governing the SEC and its policy goals, raising serious concerns about whether he is prioritizing his regulatory agenda over the best interests of investors and markets.

Read the full article at Forbes.com.