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John McAfee facing charges for alleged cryptocurrency pump and dump scheme on Twitter
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Tech entrepreneur John McAfee charged with fraud, money laundering in cryptocurrency schemes
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Washington, D.C. and New York, February 24,
2021 – Hughes Hubbard & Reed today released
its 2020 FCPA Alert, a comprehensive review of the global cases,
trends and enforcement actions that impacted anti-corruption law
and multinational corporations throughout 2020. The firm s
anti-corruption and investigations lawyers highlight the most
important trends and lessons for in-house counsel and compliance
professionals each year. Despite the uncertainties stemming from COVID-19, 2020 was
a significant year for anti-corruption and bribery enforcement,
including record setting multi-national resolutions. This trend is
likely to continue as governments around the world continue to
March 2, 2021
Cryptocurrency enthusiasts have been eyeing Joe Biden’s pick to run the US Securities and Exchange Commission for clues about how he might regulate the technology. In his confirmation hearing today, nominee Gary Gensler suggested that more government oversight of cryptocurrencies was in the offing.
He also hinted that the type of oversight will depend on which form of cryptocurrency is under discussion. With crypto prices on a tear in recent months, the frenetic debate about whether the rapidly evolving market constitutes a legitimate new asset class or a bubble ripe for abuse has turned into a regulatory conundrum, as institutional and retail investors race ahead of rules to govern the space.
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