#securitieslaws — Public Fediverse posts

Twitter shareholders get their day in court and try to get a pound of flesh off of Musk.

Class action suit goes to trial, plaintiffs argue Musk violated federal securities laws with a series of calculated steps to drive down Twitter's stock price leading up to the deal to buy it.

Musk testifies that the Twitter’s board duped him about the percentage of fake, or “bot,” accounts on the platform. Musk did not refute the notion that he threatened to “hunt down” Twitter’s board unless they returned to the negotiating table to discuss a revised sales price. https://apnews.com/article/elon-musk-twitter-lawsuit-shareholders-stock-3fa8783666737839cdd7331fec1bf61d #Twitter #X #Musk #ClassAction #Lawsuit #Fraud #Bots #OnlineBots #SocialMedia #SecuritiesLaws

SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner - A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency... - https://news.bitcoin.com/secs-crypto-regulation-labeled-a-disaster-by-commissioner/ #cryptocurrencyregulation #financialregulators #regulatoryoverreach #enforcementpolicy #cryptoinnovation #securitieslaws #regulation #crypto.com #seclawsuit #markuyeda #coinbase

Digital Chamber urges US crypto users to support new NFT bill - Crypto advocates urged Americans to help the industry flourish without "... - https://cointelegraph.com/news/nft-act-consumer-products-securities-us #blockchainadvocacy #non-fungibletokens #nftclassification #consumerproducts #digitalchamber #nftregulations #nftlegislation #securitieslaws #u.s.congress #blockchain #nftact #crypto #nfts

Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye: Lawyers - Celebrities who have brazenly shilled their own memecoins on X in recent... - https://cointelegraph.com/news/celebrity-crypto-tokens-absolutely-catch-sec-attention-say-lawyers #securitieslaws #cryptocurrency #caitlynjenner #jasonderulo #investment #iggyazalea #celebrity #crypto #token #sec

Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO - Dapper Labs has entered a $4 million agreement to settle an investor law... - https://cointelegraph.com/news/dapper-labs-settlement-nba-top-shot-nfts-not-securities #securitieslaws #dapperlabs #nbatopshot #tokens #nft

SEC wins case against YouTuber Ian Balina for unregistered crypto ICO promo - A U.S. federal judge sided with the SEC, finding that Ian Balina broke s... - https://cointelegraph.com/news/sec-wins-suit-ian-balina-crypto-ico-promotion #unregisteredsecurities #cryptoregulations #securitieslaws #sparksterico #seclawsuit #ianbalina #cryptoico #sec

SEC Rejects Coinbase’s Call for New Crypto Regulations - In a recent legal filing, the U.S. Securities and Exchange Commission (SEC) pushed... - https://news.bitcoin.com/sec-rejects-coinbases-call-for-new-crypto-regulations/ #financialgovernance #regulatoryframework #enforcementactions #cryptoregulations #marketrealities. #cryptocurrency #securitieslaws #coinbase #legal #sec

Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe - Elon Musk claims the SEC and DOJ are abusing their regulatory pow... - https://cointelegraph.com/news/elon-musk-scorns-sec-doj-lawsuit-twitter-purchase #twitterpurchase #securitieslaws #cryptotwitter #marionawfal #testimony #60minutes #lawsuit #probe #x

Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing - The crypto community is abuzz with discussions on social media about the recent Un... - https://news.bitcoin.com/prometheum-testimony-raises-doubts-crypto-community-questions-credibility-amid-regulatory-clarity-hearing/ #unitedstateshousecommittee #longislandblockchain #regulatoryclarity #cryptocommunity #cryptoindustry #securitieslaws #aaronkaplan #adamcochran #credibility #co-ceo

SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023 - 2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commi... - https://news.bitcoin.com/sec-in-a-pickle-cryptos-tricky-trio-stirs-up-trouble-in-2023/ #enforcementaction #high-profilecases #evolvingindustry #brianarmstrong #cryptocurrency #securitieslaws #stakingprogram #deep-pocketed #credibility #legalbattle #maryjowhite #innovation #legalfight #regulation #reputation #securities #authority #pickle

What are the Howey test and its implications for cryptocurrency? - The Howey test’s impact on cryptocurrency, explained — legal impl... - https://cointelegraph.com/news/what-are-the-howey-test-and-its-implications-for-cryptocurrency #legalimplications #tradingplatforms #cryptocurrency #securitieslaws #tokenofferings #registration #compliance #disclosure #penalties. #howeytest

SEC-retly Failing: How the SEC Is Letting Crypto Down - When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new he... - https://news.bitcoin.com/sec-retly-failing-how-the-sec-is-letting-crypto-down/ #financialstatements #privatediscussions #madoffponzischeme #subprimemortgages #investmentbanker #opinioneditorial #financialcrisis #investmentbanks #josephcollement #accountability #cryptoindustry #investigations #securitieslaws #politicalwill #smallprojects #customers

Proposed Israeli law to classify crypto as securities will 'kill the industry' - A proposed definition change by an Israeli regulator would cause ... - https://cointelegraph.com/news/proposed-israeli-law-to-classify-crypto-as-securities-will-kill-the-industry #cryptolegaldefinition #securitiesdefinition #cryptoindustryisrael #cryptoasasecurity #israelcryptolaws #securitieslaws #ilansterk #israel #isa