July 6, 2023
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We’re happy to give you the primary version of Gibson Dunn’s digital property common replace. This replace will cowl latest authorized information relating to all varieties of digital property, together with cryptocurrencies, stablecoins, CBDCs, and NFTs, in addition to different blockchain and Web3 applied sciences. Thanks in your curiosity.
Enforcement Actions
United States
- SEC Sues Binance, Binance.US, and Founder Changpeng Zhao
On June 5, the SEC filed a 13-claim grievance in opposition to Binance, Binance.US, and Binance founder Changpeng Zhao in D.C. federal court docket, alleging they engaged in unregistered gives and gross sales of crypto asset securities, together with the Binance branded, fiat-backed stablecoin BUSD. The SEC claims Binance and Binance.US had been performing as an change, broker-dealer, and clearing company, and deliberately selected to not register with the SEC. Binance and Binance.US dispute these allegations. The SEC subsequently filed a movement for a TRO, looking for to freeze Binance.US’s property. On June 13, after a listening to, Decide Amy Berman Jackson ordered the events to mediation to try to barter a decision to the SEC’s requested TRO. On June 19, the events submitted and Decide Jackson signed a consent order. Complaint; Law360; Law360 2; Law360 3; Rolling Stone; Order. - SEC Sues Coinbase
On June 6, the SEC filed a 5-count grievance in opposition to Coinbase and its guardian firm Coinbase International within the Southern District of New York. The SEC alleges that Coinbase violated securities legal guidelines since 2019 by failing to register as an change, dealer, or clearing company regardless of facilitating buying and selling and settlement of a number of digital property that the SEC alleges are securities, together with ADA, SOL, MATIC, and others. The SEC additionally alleges that Coinbase has operated as an unregistered dealer by providing its Coinbase Prime and Coinbase Pockets providers, and that Coinbase’s staking service for a number of digital property, together with Ethereum, constitutes unregistered securities choices. On June 28, Coinbase filed a 177-page reply to the SEC’s grievance, calling the go well with an “extraordinary abuse of course of” that “offends due course of and the constitutional separation of powers.” In a separate letter to the Courtroom, Coinbase mentioned that it supposed to file a movement for judgment on the pleadings on the bottom that the SEC lacks jurisdiction over the subject material of the go well with as a result of the tokens at problem should not securities. Complaint; CoinDesk; CoinDesk 2; Rolling Stone. - Crypto Alternate Bittrex Strikes to Dismiss SEC Enforcement Motion
On June 30, crypto change Bittrex moved to dismiss an SEC enforcement motion alleging that the change operated as an unregistered securities change, dealer, and clearing company. Echoing arguments made by others within the business, Bittrex argues that the foremost questions doctrine bars the SEC’s efforts to control tokens as securities, that secondary market transactions in tokens don’t contain “funding contracts,” and that the SEC’s lawsuit deprives Bittrex of constitutionally required truthful discover. The case is pending within the U.S. District Courtroom for the Western District of Washington. CoinTelegraph; Motion. - Decide Severs Bankman-Fried Felony Expenses, Declines to Dismiss Them
On Could 8, FTX’s founder and former CEO filed motions to dismiss many of the felony expenses in opposition to him, marking Bankman-Fried’s first detailed protection in his U.S. federal felony case. Amongst different issues, Bankman-Fried argued that beneath the U.S.-Bahamas extradition treaty the Bahamas must “consent” to the extra expenses introduced after the extradition. On Could 30, prosecutors responded to those motions. Amongst different issues, the federal government argued it has sought the consent of the Bahamian authorities to proceed with the fees introduced post-extradition and can drop these expenses if the Bahamas doesn’t consent. On June 15, District Decide Lewis Kaplan severed the post-extradition expenses in opposition to Bankman-Fried and ordered a second trial on these expenses in March 2024. On June 30, Decide Kaplan denied Bankman-Fried’s motions to dismiss. CoinTelegraph 1; CoinDesk; New York Times; Law360; Docket; CoinTelegraph 2. - CoinEx Agrees to Settle Registration Expenses for $1.8 Million
On June 14, world cryptocurrency change CoinEx agreed to settle expenses that it had did not register as a broker-dealer with the New York Lawyer Normal for $1.8 million. The corporate additionally terminated its U.S. customers’ accounts and blocked them from creating new accounts. Law360; Stipulation. - Wahi Brothers Settle Insider Buying and selling Expenses with the SEC
On Could 30, the SEC settled expenses with a former Coinbase product supervisor, Ishan Wahi, and his brother Nikhil. The 2 had been arrested final yr on expenses of wire fraud conspiracy and “wire fraud in reference to a scheme to commit insider buying and selling.” Each brothers pleaded responsible. Ishan Wahi was sentenced to 24 months in jail and ordered to forfeit 10.97 ether and 9,440 Tether, and Nikhil was sentenced to 10 months in jail and ordered to forfeit $892,500—with greater than half as restitution to Coinbase as a sufferer of the Wahi defendants’ misconduct. The court docket has since held the restitution order in abeyance whereas the brothers contest the quantity of attorneys’ charges awarded to Coinbase. On June 29, Coinbase requested the court docket to once more grant its restitution request. The SEC introduced that due to the brother’s jail sentences, it won’t search some other penalties. The settlement places an finish to the case introduced by the SEC which was set to reply the query of whether or not cryptocurrencies on the coronary heart of the case had been certainly securities, because the SEC has argued and Coinbase, as amicus, forcefully disputed. SEC; CoinDesk; Law360. - Decide Torres Denies SEC’s Movement to Seal Hinman Paperwork
On Could 16, United States District Decide Analisa Torres denied the SEC’s movement to seal data of its inside deliberations relating to a speech by former director William Hinman. Within the June 2018 speech, the previous SEC company finance director acknowledged that ether just isn’t a safety. The SEC filed the movement on December 22, 2022 to seal the interior emails, textual content messages, and professional studies that adopted Hinman’s speech. Decide Torres discovered that these paperwork “should not protected by the deliberative course of privilege as a result of they don’t relate to an company place, choice or coverage.” Ripple has thought of the speech a key piece of proof in its ongoing authorized battle with the SEC, which alleges that gross sales of Ripple’s XRP violated U.S. securities legal guidelines. Order; CoinTelegraph. - Gemini Strikes to Dismiss SEC Swimsuit
On Could 29, Gemini filed a movement to dismiss the SEC’s lawsuit claiming that the operation of Gemini’s now defunct crypto lending program, known as Gemini Earn, was a sale of unregistered securities. Gemini argued that the contracts concerned had been “easy lending preparations” and that the SEC case is complicating the method of returning funds to buyers. Law360; CoinTelegraph. - Inexperienced United Executives Argue SEC Has No Authority Over Crypto
On Could 19, Wright Thurston and Kristoffer Krohn filed motions to dismiss an SEC enforcement motion within the U.S. District Courtroom for the District of Utah. The SEC sued the defendants in March 2023, alleging that the defendants fraudulently supplied securities by promoting “Inexperienced Packing containers” and “Inexperienced nodes” marketed as miners for the GREEN token on the “Inexperienced Blockchain.” The SEC claimed the {hardware} offered didn’t mine GREEN because it was an Ethereum-based ERC-20 token that would not be mined and the Inexperienced Blockchain didn’t exist. The defendants of their motions to dismiss argue, amongst different issues, that the SEC has no authority over the digital asset ecosystem, claiming that Congress “thought of and rejected” the SEC’s authority over crypto. In addition they argue that the SEC has been “unclear and inconsistent” in defining digital property and criticize the company’s regulation-by-enforcement strategy within the crypto area. CoinTelegraph; Thurston’s Motion; Krohn’s Motion.
Worldwide
- Do Kwon Wins Bail Request, Upends Montenegrin Elections with Marketing campaign Funding Declare, Is Sentenced to 4 Months
On June 5, a Montenegro excessive court docket once more authorized $428,000 bail forDo Kwon topic to deal with arrest pending an extradition request from South Korea. Solely days earlier than a June 11 election in Montenegro, Do Kwon claimed in a letter from custody that “crypto buddies” had offered marketing campaign funding to a number one candidate, upending the election’s anticipated outcomes. In March, Kwon, together with former Terraform Labs govt Han Chang-joon, was arrested in Montenegro for allegedly making an attempt to journey with falsified paperwork. South Korean authorities had been trying to find Kwon since Terraform Labs collapsed in Could final yr. The 2 South Korean nationals had been again in court docket on June 16 for a listening to during which Kwon’s attorneys mentioned their consumer denied having funded the main candidate’s marketing campaign. Kwon and Han had been subsequently sentenced to 4 months for falsifying official paperwork. Since his arrest, each South Korea and the U.S. have requested Kwon’s extradition to face felony expenses following his trial in Montenegro. CoinDesk 1; CoinTelegraph 1; CoinDesk 2; New York Times; CoinTelegraph 2; TechCrunch.
Regulation and Laws
United States
- Republicans Launch Digital Asset Market Construction Proposal
On June 2, Chairman McHenry of the Home Monetary Providers Committee and Chairman Thompson of the Home Committee on Agriculture launched a dialogue draft of laws offering a statutory framework for digital asset regulation. The dialogue draft represents a “frequent strategy to digital asset regulation that might convey current client and investor protections to digital asset-related actions and intermediaries.” The Home Monetary Providers Committee plans to vote on the proposed laws within the second week of July. Press Release; Discussion Draft; The Block. - Home Proposed a Complete Regulatory Framework for Stablecoins
On June 13, the Home Monetary Providers Committee launched a dialogue draft of a proposed statutory framework for stablecoins. Throughout a June 21 oversight listening to, Chairman McHenry indicated that the committee will debate the invoice in the course of the July session. Press Release; Discussion Draft; The Block. - New NFA Regulation Takes Impact
On Could 31, a brand new rule issued by the Nationwide Futures Affiliation—the self-regulatory group for the U.S. derivatives business—takes impact. Compliance Rule 2-51 is relevant to NFA member companies and related individuals partaking in actions involving bitcoin and ether, together with spot or money market actions. The rule imposes anti-fraud, simply and equitable rules of commerce, and supervision necessities on members and associates, and codifies members’ current disclosure obligations beneath NFA Interpretative Discover 9073. Law360. - Prometheum Congressional Testimony Attracts Trade Criticism
On June 13, Aaron Kaplan, the founder and co-CEO of crypto change Prometheum, testified earlier than the Home Monetary Providers Committee that the SEC has laid out a compliant path for crypto in america. Prometheum just lately acquired a first-of-its-kind FINRA approval to function as a particular function broker-dealer for digital property in anticipation of itemizing digital property for buying and selling. Kaplan’s remarks provoked some controversy throughout the business and on Twitter, with sure opponents criticizing the corporate and Kaplan’s remarks. The Blockchain Affiliation submitted FOIA requests for extra details about the corporate. Hearing; CoinTelegraph 1; CoinTelegraph 2. - CFTC Warns Clearing Companies to Monitor Crypto Dangers
On Could 30, the CFTC’s Division of Clearing and Threat issued a employees advisory warning clearing companies that present providers for crypto merchandise that they have to include dangers related to digital property by means of mitigation methods, or they are going to face the company’s scrutiny. The advisory additionally notes that, given elevated cybersecurity dangers and different perceived risks involving digital property, the CFTC’s division will emphasize compliance relating to its “core rules” of system safeguards, conflicts of curiosity, and bodily supply.” Law360. - Proposed Tax on Crypto Mining Faraway from Spending Invoice
On Could 28, within the lead as much as laws to lift the U.S. debt ceiling, lawmakers launched a draft invoice that didn’t embody the beforehand proposed Digital Belongings Mining Power (DAME) 30% excise tax on electrical energy utilized by crypto miners. The tax would have elevated by 10% every year over three years on electrical energy generated beginning in 2024. CoinTelegraph. - Filecoin Sponsor Receives SEC Remark Letter
On Could 17, Grayscale introduced that it acquired a remark letter from the SEC asking it to withdraw the registration of a belief investing in Filecoin, as a result of the SEC believes Filecoin meets the definition of a safety. On Could 31, crypto buying and selling agency Cumberland introduced that it could halt over-the-counter buying and selling within the token utilized by the decentralized storage platform Filecoin, citing regulatory setting considerations. GlobeNewswire; The Block. - Federal Financial institution Regulatory Companies Launch Interagency Steering on Third-Get together Threat Administration
On June 6, the Federal Reserve, FDIC and OCC launched ultimate interagency steering designed to help banking organizations in managing dangers related to third-party relationships, together with these with FinTechs and firms within the digital property area. The interagency steering replaces prior steering of the companies and particulars threat administration methods at numerous phases of third-party relationships, similar to planning, due diligence, contract negotiation, ongoing monitoring, and termination. The companies underscore that the interagency steering doesn’t have the drive and impact of legislation and doesn’t impose any new necessities on banking organizations. Nonetheless, third-party threat administration will stay an space of heightened focus and scrutiny by supervisors and examiners, notably with respect to 3rd events which are: FinTechs; digital property suppliers; crucial to financial institution operations or organizational enterprise continuity and resiliency; customer-facing; topic to heightened client compliance and different prudential necessities; or signify focus threat. As such, FinTechs and different corporations and repair suppliers that accomplice with banks to ship regulated monetary providers ought to count on potential extra scrutiny from each their financial institution companions and their financial institution companions’ regulators. Interagency Press Release; Interagency Guidance on Third-Party Relationships: Risk Management; Federal Reserve Board Memo; Federal Reserve SR 23-4: Interagency Guidance on Third-Party Relationships: Risk Management; FDIC Financial Institution Letter (FIL-29-2023); OCC Bulletin 2023-17. - Federal Deposit Insurance coverage Company Continues Give attention to Deposit Insurance coverage Representations
On June 15, the FDIC issued advisory letters demanding three corporations stop and desist from making false and deceptive statements about FDIC deposit insurance coverage. The advisory letters spotlight the FDIC’s persevering with efforts to overview corporations’ public statements, disclosures and different advertising and marketing supplies for compliance with Part 18(a)(4) of the Federal Deposit Insurance coverage Act (12 U.S.C. § 1828(a)(4)) and the FDIC’s 2022 ultimate rule relating to promoting or different representations about FDIC deposit insurance coverage (12 C.F.R. Half 328, Subpart B). To make sure compliance, banks and financial institution companions ought to, at a minimal, guarantee topic supplies: (a) clearly disclose that the nonbank firm providing the service just isn’t an insured financial institution; (b) determine the insured financial institution(s) the place any buyer funds could also be held on deposit; (c) talk that FDIC deposit insurance coverage just isn’t obtainable within the occasion of the chapter of the nonbank firm and is just obtainable ought to the FDIC-insured financial institution at which deposits are correctly held fail; and (d) talk that non-deposit merchandise should not FDIC-insured merchandise and should lose worth. FDIC’s Letter to Bodega Importadora de Pallets; FDIC’s Letter to Money Avenue, LLC; FDIC’s Letter to OKCoin USA, Inc.
Worldwide
- EU Formally Adopts Markets in Crypto-Belongings Regulation (MiCA)
On Could 31, the EU formally adopted MiCA, the primary EU authorized framework expressly regulating crypto property. MiCA goals to guard buyers by rising transparency and putting in a complete framework for issuers and repair suppliers similar to buying and selling venue and crypto asset wallets, together with compliance with anti-money laundering guidelines. MiCA was revealed within the EU’s official journal on June 9, 2023, and entered into drive on June 29, 2023, the twentieth day following the date of its publication. Stablecoin issuers, which can face a lot stricter rules beneath the brand new legislation, can have 12 months to make sure they’re in compliance with the legislation, whereas different crypto issuers and so-called crypto asset service suppliers (CASPs) can have 18 months to arrange. CoinDesk; European Council. - EU Nations, Lawmakers Attain Deal on Information Act
On June 27, legislative negotiators from the European Union reached an settlement on the Information Act, a set of recent guidelines governing truthful entry and use of information on internet-connected gadgets. The Act, which was handed by the European Parliament on March 14, has been criticized by the crypto business for imposing necessities on sensible contracts, together with requiring them to incorporate a kill swap. There are conflicting studies about whether or not the ultimate draft, which has not but been launched, will assuage these considerations. The Information Act now awaits voting by the European Parliament and Council earlier than it might turn into legislation. CoinDesk.
- UK Crypto, Stablecoin Laws Formally Accepted
On June 29, King Charles formally authorized the Monetary Providers and Markets Act, which supplies UK regulators authority to oversee cryptocurrencies and stablecoins. The invoice treats all crypto as a regulated exercise, supervises crypto promotions, and incorporates stablecoins into fee guidelines. The U.Ok.’s Treasury, Monetary Conduct Authority, the Financial institution of England, and Funds Programs Regulator can have the facility to introduce and implement rules for the sector. Particular guidelines for the crypto sector might be applied inside a yr. CoinDesk.
- ESMA Calls on EU Funding Companies to Clearly State That Crypto Is Unregulated
On Could 25, the European Securities and Markets Authority (ESMA), EU’s securities regulator, issued a public assertion highlighting the dangers arising from the availability of unregulated merchandise and/or providers by funding companies within the EU. ESMA expressed its considerations that the place “funding companies have interaction in offering each regulated and unregulated merchandise and/or providers there’s a important threat that buyers might misunderstand the protections they’re afforded when investing in these unregulated merchandise and/or providers.” In such conditions, ESMA advisable few steps for the funding companies, together with noting in all advertising and marketing communications whether or not a given product is regulated or not, or clearly explaining “what investor protections are misplaced/not relevant when investing in a product.” ESMA. - UAE Points New AML Guidelines for Digital Belongings
On Could 31, the Central Financial institution of the United Arab Emirates revealed steering for licensed monetary establishments on dangers “associated to digital property and digital property service suppliers.” The steering specifies new guidelines on anti-money laundering and combating the financing of terrorism for banking establishments partaking with crypto within the UAE, together with requiring licensed monetary establishments to confirm the identities of all prospects. CoinTelegraph. - Hong Kong and UAE Central Banks Coordinate on Crypto Rules
On Could 29, the Central Financial institution of the UAE and the Hong Kong Financial Authority held a bilateral assembly during which they agreed to cooperate on regulating digital property by implementing monetary infrastructure and cross-border commerce settlements. Decrypt. - Singapore Releases New Crypto Rules
On July 3, the Financial Authority of Singapore (MAS) introduced new rules for Digital Fee Token (DPT) service suppliers to safekeep buyer property beneath a statutory belief earlier than the tip of the yr. The statutory belief is meant to mitigate the chance of loss or misuse of consumers’ property, and facilitate the restoration of consumers’ property within the occasion of a DPT service supplier’s insolvency. MAS may also prohibit DPT service suppliers from facilitating lending and staking of DPT tokens by their retail prospects. These measures had been launched following an October 2022 public session on regulatory measures to reinforce investor safety and market integrity in DPT providers. Amongst different issues, the MAS additionally issued a brand new session paper proposing necessities for DPT service suppliers to handle unfair buying and selling practices. Consultation Feedback; Consultation Paper on Proposed Amendments; Consultation Paper on Market Integrity
Civil Litigation
United States
- Courtroom Guidelines Bankman-Fried Can’t Subpoena Former FTX Counsel
On June 23, Decide Kaplan of the Southern District of New York denied FTX founder and former CEO Sam Bankman-Fried’s request to subpoena paperwork from Fenwick & West associated to their earlier authorized work for FTX, discovering that the requested subpoena was “a fishing expedition.” Decide Kaplan additionally rejected Bankman-Fried’s argument that FTX was “so enmeshed within the authorities’s investigation that [it] should be thought of a part of the ‘prosecution crew’ for functions of the federal government’s discovery obligations,” holding that paperwork held by FTX should not within the authorities’s “possession, custody, or management.” CoinDesk; Law360; Order. - Third Circuit Retains Jurisdiction over Coinbase Mandamus Petition
On June 20, the U.S. Courtroom of Appeals for the Third Circuit dominated that the SEC should present an replace on its progress in deciding Coinbase’s petition for rulemaking by October 11, 2023. The Courtroom will keep jurisdiction over Coinbase’s rulemaking petition within the interim. Coinbase’s rulemaking petition asks the SEC to clarify, amongst different issues, which digital property the SEC believes to be securities and the way business gamers ought to go about registering them. CoinGeek. - Supreme Courtroom Guidelines in Favor of Coinbase in Arbitration Lawsuit
On June 23, the U.S. Supreme Courtroom held {that a} lawsuit in opposition to Coinbase ought to have been routinely stayed when the corporate appealed the federal district court docket’s denial of its movement to compel arbitration of a putative class motion. Though the choice doesn’t contact on points particular to the crypto business, the ruling is the primary by the Supreme Courtroom involving a crypto business participant. Client Alert; Law360; Opinion. - Proposed Class Motion Swimsuit Filed In opposition to Shaq for NFT Promotion
On Could 23, a proposed class motion was filed in opposition to basketball participant Shaquille O’Neal, alleging that his promotion of Astrals Undertaking NFTs violated securities legal guidelines by advertising and marketing unregistered digital property. Law360. - MDL Created for FTX Investor Actions
On Could 25, FTX buyers requested the Judicial Panel on Multidistrict Litigation (JPML) to consolidate investor litigation actions regarding the demise of FTX earlier than one federal choose within the Southern District of Florida. On June 5, the panel granted the movement and ordered the creation of a multi-district litigation earlier than U.S. District Decide Ok. Michael Moore in Miami. Law360; Bloomberg.
Speaker’s Nook
United States
- Senator Elizabeth Warren Requires Crypto Laws to Cease Fentanyl Commerce
On Could 31, Elizabeth Warren acknowledged throughout a Senate listening to that she goals to fight cryptocurrency’s function within the unlawful Chinese language fentanyl commerce. Warren instructed her Digital Asset Anti-Cash Laundering Act might assist reduce off the crypto funds, and she or he mentioned the invoice will probably be reintroduced on this Congress.CoinDesk.
- DeSantis Urges to ‘Defend’ Bitcoin in His Marketing campaign Launch
On Could 24, in saying a bid for President in an interview on Twitter with Elon Musk, Ron DeSantis mentioned that “as president, we’ll shield the flexibility to do issues like Bitcoin.” DeSantis known as these on Capitol Hill “central planners” who “wish to have management over society.” DeSantis additionally talked about that Congress has by no means particularly addressed cryptocurrency, and as an alternative the regulation was created by “the forms” and made it so “that folks can not function in that area.”CoinTelegraph.
Worldwide
- Chief of G-7’s Monetary Motion Activity Drive Requires Stronger International Collaboration to Goal Crime and Terrorism Financing
On Could 18, T. Raja Kumar, President of FATF, an intergovernmental group that units cash laundering and terrorist financing requirements, urged G-7 leaders to “successfully” implement FATF’s crypto anti-money laundering norms forward of the Could G-7 summit in Hiroshima. Kumar mentioned that “nations have to take pressing motion to close down lawless areas, which permit criminals, terrorists and rogue states to make use of crypto property.” Particularly, he known as on the implementation of the ‘journey rule,’ which requires digital property service suppliers to determine the sender and receiver of the transaction. His suggestions had been echoed by the G-7 finance ministers and central financial institution governors assembly on Could 13 in Japan. Global Governance Project; G7 Finance Ministers and Central Bank Governors Meeting Communiqué.
Different Notable Information
- BlackRock Applies for Spot Bitcoin ETF
On June 15, BlackRock filed an S-1 with the SEC for the iShares Bitcoin Belief, whose property would consist primarily of Bitcoin held by Coinbase and which might replicate the spot worth of Bitcoin. The transfer was seen as a sign of continued institutional help for crypto and was rapidly adopted by numerous comparable filings, together with by Constancy Investments. In keeping with a June 30 Wall Avenue Journal report, the SEC knowledgeable Nasdaq and Cboe International Markets, the exchanges that filed on behalf of Blackrock and Constancy, that their purposes should not sufficiently clear and complete. Cboe up to date and re-filed its purposes on June 30. On July 3, BlackRock resubmitted its submitting by means of Nasdaq with new particulars. CoinDesk 1; S-1; CoinDesk 2; Wall Street Journal; MarketWatch. - Crypto Custodian Prime Belief Faces Nevada Receivership, Asset Freeze
On June 27, Nevada’s Monetary Establishments Division filed a request to take crypto custodian Prime Belief into receivership and freeze its operations because of alleged insolvency. The request for receivership states that Prime Belief owes shoppers round $150 million in fiat foreign money and cryptocurrencies and that a part of this shortfall resulted from the corporate shedding its capacity to entry “legacy wallets.” CoinDesk. - NY Fed and Singapore Financial Authority Publish Joint CBDC Research Outcomes
On Could 18, the Federal Reserve Financial institution of New York’s New York Innovation Middle and the Financial Authority of Singapore revealed a analysis report detailing the outcomes of a joint research, with findings that distributed ledger know-how might be used to enhance the effectivity of cross-border wholesale funds and settlements involving a number of currencies. Report; CoinTelegraph.
The next Gibson Dunn attorneys ready this consumer alert: Ashlie Beringer, Stephanie Brooker, Jason Cabral, M. Kendall Day, Jeffrey Steiner, Sara Weed, Ella Capone, Grace Chong, Chris Jones, Jay Minga, Nick Harper, Alfie Lim, Bart Jordan, Andrea Lattanzio, and Jan Przerwa*.
Gibson Dunn’s attorneys can be found to help in addressing any questions you will have relating to the problems mentioned on this replace. Please contact the Gibson Dunn lawyer with whom you often work, any member of the agency’s FinTech and Digital Assets observe group, or the next:
FinTech and Digital Belongings Group:
Ashlie Beringer, Palo Alto (650.849.5327, aberinger@gibsondunn.com)
Michael D. Bopp, Washington, D.C. (202.955.8256, mbopp@gibsondunn.com
Stephanie L. Brooker, Washington, D.C. (202.887.3502, sbrooker@gibsondunn.com)
Jason J. Cabral, New York (212.351.6267, jcabral@gibsondunn.com)
M. Kendall Day, Washington, D.C. (202.955.8220, kday@gibsondunn.com)
Michael J. Desmond, Los Angeles/Washington, D.C. (213.229.7531, mdesmond@gibsondunn.com)
Sébastien Evrard, Hong Kong (+852 2214 3798, sevrard@gibsondunn.com)
William R. Hallatt, Hong Kong (+852 2214 3836, whallatt@gibsondunn.com)
Martin A. Hewett, Washington, D.C. (202.955.8207, mhewett@gibsondunn.com)
Michelle M. Kirschner, London (+44 (0)20 7071.4212, mkirschner@gibsondunn.com)
Stewart McDowell, San Francisco (415.393.8322, smcdowell@gibsondunn.com)
Mark Ok. Schonfeld, New York (212.351.2433, mschonfeld@gibsondunn.com)
Orin Snyder, New York (212.351.2400, osnyder@gibsondunn.com)
Jeffrey L. Steiner, Washington, D.C. (202.887.3632, jsteiner@gibsondunn.com)
Eric D. Vandevelde, Los Angeles (213.229.7186, evandevelde@gibsondunn.com)
Benjamin Wagner, Palo Alto (650.849.5395, bwagner@gibsondunn.com)
*Jan Przerwa is an affiliate working towards within the agency’s Brussels workplace who just isn’t but admitted.
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