Law & Policy

The SEC continued the trend of suing and being sued rather than issuing rules for digital assets, there was a wild FBI sting, and stablecoin legislation got new life in the lame duck. 

Here's everything that happened in Web3 law last week:

The SEC continued the trend of suing and being sued rather than issuing rules for digital assets, there was a wild FBI sting, and stablecoin legislation got new life in the lame duck. 

Here's everything that happened in Web3 law last week: https://nfttorney.com/2024/10/15/off-the-blockchain-october-7-14-2024/

Tech Transactions and IP attorney with an NFT obsession. I like suing people. Get all my legal updates here: https://linktr.ee/birdnals 

Is a private right of action against the federal government for a violation of section 5(a), 5(c) & 17A of the Securities Act barred by the doctrine of sovereign immunity?

Frankly, this feels like a total mockery of the federal securities laws for the government to both engage in fraud and sell unregistered securities

3L @ GW Law // Not a lawyer // Self-custody is the future 🔐 // jbcryptolaw.com 

Good question! I can’t imagine that sovereign immunity question has ever been litigated in a securities law violation before. It would be great if one of the public buyers brought a claim.