Major Developments
Justice Department Announces Enforcement Action Charging Six Individuals with Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losses
July 1, 2022
The Department of Justice, together with federal law enforcement partners, announced criminal charges against six defendants in four separate cases for their alleged involvement in cryptocurrency-related fraud, including the largest known Non-Fungible Token (NFT) scheme charged to date, a fraudulent investment fund that purportedly traded on cryptocurrency exchanges, a global Ponzi scheme involving the sale of unregistered crypto securities, and a fraudulent initial coin offering.
Federal Agencies
U.S. Department of the Treasury
Joint Statement on the U.S.-UK Financial Innovation Partnership Meeting June 29, 2022
July 1, 2022
The U.S. and U.K. participants in the U.S.-UK Financial Innovation Partnership issued a joint statement on the outcome of their meeting on June 29, 2022.
Statement by Secretary of the Treasury Janet L. Yellen on World Bank Approval of Pandemic Prevention Fund
June 30, 2022
U.S. Secretary of the Treasury Janet L. Yellen issued a statement on the World Bank’s approval of a new Financial Intermediary Fund for Pandemic Prevention, Preparedness and Response.
Secretary of the Treasury Janet L. Yellen’s Meeting with the President’s Working Group on Financial Markets, the OCC, FDIC and CFPB on Stablecoins
June 30, 2022
U.S. Secretary of the…
