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Tag: John Reed Stark

August 31, 2023

In-Depth Analysis: SEC Charges Against Binance And Implications Thereof!

In June 2023, the U.S. Securities Exchange Commission (SEC) formally lodged thirteen charges against Binance and its founder, Changpeng Zhao. Among the charges are allegations..

August 18, 2023

Former SEC Chair Provides Insights Into the Battle Between Binance and SEC!

Binance is under pressure in the U.S. from regulators CFTC and SEC and has reportedly refused to enter into an out-of-court settlement with the SEC. Binance's legal clash with the SEC has taken a fresh twist, with the exchange seeking a protective order to curtail the regulator's extensive deposition requests. Former SEC Chief John Reed Stark has offered insights into the potential implications of the protective order motion.

June 12, 2023

Interesting Opinion On Why The U.S. Prosecutors Will Go Against Crypto Exchange Binance!

The former SEC executive and law John Reed Stark turned to Twitter to explain why he thinks that the U.S. Department of Justice (DOJ) will go against the crypto exchange Binance. He thinks that the U.S. DOJ has either filed or is planning to file a criminal indictment related to Binance. Money laundering entails concealing financial assets to enable their use without detection of the illicit activities that generated them.

June 5, 2019

Former SEC attorney claims Bitcoin’s value derives from its potential to facilitate criminal activity

In his column for Law360, former SEC Attorney John Reed Stark once again spoke out massively against Bitcoins. However exciting, disruptive and innovative the blockchain..

OpenAI Closes $6.6 Billion Funding at $157 Billion Valuation, Nearly Doubling its Valuation!

The AI pioneer OpenAI under Sam Altman closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation. OpenAI’s $157 billion valuation underscores its AI dominance, yet losses loom large. Will Thrive Capital, Microsoft, and Nvidia’s backing help steer the ship through the challenges ahead? Stay tuned for more.

High-Profile Maltese Money Laundering & Corruption Case Continues with Keith Schembri Challenging Forensic Expert’s Impartiality!

Keith Schembri, former Chief of Staff of the Maltese Prime Minister, is accused of money laundering and corruption. His legal team has requested that forensic expert Samuel Sittlington, Police Commissioner Angelo Gafa, and former Deputy Commissioner Alexandra Mamo testify to clarify alleged negotiations for consultancy services during the investigation. The defense calls into question the expert’s independence, further complicating an already contentious trial.

Circle Joins U.S.-Led Initiative to Combat Illicit Finance in Virtual Assets!

Erik Rosenblatt, a senior leader at US stablecoin issuer Circle, will represent the company on the Illicit Virtual Asset Network (IVAN) board. Prior to joining Circle, Rosenblatt spent over two decades as a special agent with the U.S. Department of Homeland Security and the U.S. Department of the Treasury. As part of IVAN, Circle will have a voting role in determining the network's priorities and membership.

Evil Corp: A Comprehensive Report on Russia’s Family-Driven Cybercriminal Organization!

The U.S. Department of Justice and Department of Treasury have taken significant action against Evil Corp, a Russia-based cybercriminal group responsible for developing and distributing malware that has stolen over $100 million from banks and financial institutions across 40 countries. Evil Corp appears to operate as a family enterprise, with multiple family members involved.

Good News For Crypto: SEC Enforcement Director Gurbir S. Grewal Steps Down After Impactful Tenure!

The U.S. Securities and Exchange Commission (SEC) is set to experience a significant leadership change as Enforcement Director Gurbir S. Grewal announces his departure. Grewal oversaw a period of heightened regulatory activity specifically targeting the crypto sector. Under his leadership, the SEC Filed high-profile lawsuits against major cryptocurrency exchanges, including Binance and Coinbase.