Anderson P.C.

Weekly Update from Securities Docket (March 15, 2025) ???????? Story 1: SEC v. Ripple could be over soon Story 2: Recent SEC Guidance On Memecoins Suggests Broader Policy Change Story 3: SEC Probes Cyberattack of Detroit Suburb’s $30 Million Bond Sale Story 4: Top Law Firms Defend Overhaul of America’s Business Court Story 5: Delegation of Authority to Director of the Division of Enforcement

Congrats, Braeden!

Thank you, Braeden!

I recently shared my views with Bloomberg on next steps for the SEC regarding ongoing investigations and litigation matters. Investigations that often precede SEC enforcement actions are another factor weighing on companies seeking to work with digital assets, presenting an obstacle and expense for many that are still contending with holdover probes from the last administration. “Just the investigation alone is a killer,” Anderson said. “In some cases, the government sends letters to the firm’s clients, and those cruise missile letters and overzealous prosecutions hurt investors.” Companies and investment advisers dealing with investigations brought during the tenure of former SEC Chair and crypto skeptic Gary Gensler are likely wondering whether pursuing litigation would be worth the time and expense, given the uncertainty about the SEC’s broader stance on crypto moving forward, according to Anderson. https://lnkd.in/dCxrAH-q

Weekly Update from Securities Docket! ???? Watch as I wrap up a very busy week at Securities Docket in the video below. ???? Story 1: ”SEC Drops Probe Into Gemini, Cameron Winklevoss Demands Recompense” Story 2: “SEC Calls Workers Back Full Time to Comply With RTO Mandate” Story 3: “Uniswap Says the SEC Closes Probe of Decentralized Finance Firm” Story 4: “US SEC plans to cut regional directors as agency prepares for DOGE scrutiny, sources say” Story 5: “Coinbase Says S.E.C. Will Drop Crypto Lawsuit”

A new lawsuit against the Financial Industry Regulatory Authority (FINRA) highlights growing tensions between regulatory enforcement and constitutional protections. On February 15, Francis G. Smith of FGS Financial Inc. filed a complaint in the U.S. District Court for the District of Columbia, alleging that FINRA violated his due process rights. The lawsuit claims that during a probe into his continuing education compliance, FINRA demanded sworn testimony and warned Smith he could face expulsion from the securities industry if he asserted his Fifth Amendment right against self-incrimination. This lawsuit follows closely on the heels of Preston v. SEC in the U.S. District Court for the District of Arizona which challenges the authority of the Securities and Exchange Commission (SEC) to regulate outside business activities of employees through its oversight of Financial Industry Regulatory Authority (FINRA) rules. The case, Preston v. SEC, No. 2:24-cv-03396, raises significant constitutional and administrative law questions. https://lnkd.in/eSBAnssH

The SEC’s recent pauses in major crypto cases signal a shift—but many market participants, including current clients, are still stuck in outdated enforcement battles. The message is clear: It’s time for engagement and collaboration in crypto regulation. The future demands dialogue, not confusion. #Crypto #SEC #Regulation #DigitalAssets #AndersonPC https://lnkd.in/eV-kVr-E

#channelstuffing ????♂?

Check out the "Weekly Update" from Securities Docket by Braeden Anderson, Sr.! https://lnkd.in/e-eQTAmF

Happy Friday securities people ???? here’s your Securities Docket #weeklyupdate ???? ???? read more here: https://lnkd.in/eAGX7nf4 #securitiesdocket #securitieslaw #financialregulation #braedenanderson #andersonpc #sec #finra