Perhaps we were wrong. Or perhaps we were just not thinking creatively enough. After President Biden issued his “Executive Order on Promoting Competition in the American Economy,” in.
According to a report in the Wall Street Journal last week, the Federal Trade Commission is considering new regulations to prohibit the use of noncompetes and to target their use in.
Federal Trade Commission is considering new regulations to prohibit the use of noncompetes and to target their use in individual cases through enforcement actions.President Biden now appears to believe that he has the votes at the FTC to eliminate non-compete agreements.
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In early November 2020, the staff of the U.S. Securities and Exchange Commission (“SEC”) Division of Investment Management (“IM Division”), in consultation with the SEC’s “FinHub” staff, issued a statement in response to a No-Action Letter from the Wyoming Division of Banking purporting to provide interpretive guidance on both Wyoming and federal securities laws, including in the area of custody of digital assets.
In sum, the SEC staff’s statement provides the following takeaways. Unfortunately, these are neither newsworthy nor helpful in terms of regulatory clarity.
The SEC is still trying to formulate the confines of who should and can be a “qualified custodian” with respect to digital assets.