Bloomberg Law

ESG Enforcement Emerges as Risk for Oil Firms, Bitcoin Miners

An SEC enforcement initiative targeting misleading ESG disclosures has become a business risk for dozen of public companies, including bankrupt Bitcoin miner Core Scientific, shale oil producer Pioneer Natural Resources and banking giant Ally.

Bitcoin ‘Halving’ Risks Sinking Already-Struggling Miners

Crypto enthusiasts are hopeful that a once-in-four-years event which rewrites the underlying code of the world’s biggest cryptocurrency will extend the current market rally. But the milestone also risks sounding the death knell for certain Bitcoin miners.

Winklevoss’s Gemini Sues Crypto Conglomerate DCG for Fraud

Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency Group Inc. and its chief executive officer Barry Silbert, alleging “fraud and deception” stemming from a failed lending venture between the two firms.

Some Bad Bored Apes Won’t Undermine the NFT Market: Aaron Brown

One of the discouraging things about working in cryptocurrencies is that almost all the outside focus is on price changes and the resulting fortunes won and lost. Since the most insubstantial assets have the greatest price volatility, this can lead casual observers to think crypto is all froth and nonsense.

JPMorgan Doubts That a US Bitcoin ETF Would Be a Game-Changer

Should a exchange-traded fund that invests directly in Bitcoin receive approval in the US, it won’t be the game-changer for crypto markets that many digital-asset advocates have long predicted.

Latest Stories

BOE Chief Dispels Motorway Conspiracy Fears Over Digital Pound

Bank of England Governor Andrew Bailey sought to dispel fears that a digital version of the pound will turn into a surveillance tool for UK authorities after its proposals were attacked by conspiracy theorists online and on motorway bridges.

Bitcoin ETF Applicants Undaunted by SEC Pushback: Crypto in DC

BlackRock Inc. and Valkyrie refiled their application for an exchange-traded fund that invests directly in Bitcoin, shoring up their filings after the Securities and Exchange Commission indicated the recent wave of requests seeking to launch such a product were insufficient.

Bitcoin ‘Halving’ Risks Sinking Already-Struggling Miners

Crypto enthusiasts are hopeful that a once-in-four-years event which rewrites the underlying code of the world’s biggest cryptocurrency will extend the current market rally. But the milestone also risks sounding the death knell for certain Bitcoin miners.

Polygon Shuffles Its Top Executives as SEC Expands Oversight

Polygon Labs, the main software developer behind the namesake blockchain project, is reorganizing its leadership team, including appointing a new chief executive officer. The reshuffle comes a month after the US Securities and Exchange Commission said it considered Polygon’s native token to be a security.

From Across Bloomberg Law

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ERISA Allows Plan Fiduciaries to Pursue More Than Just Money

The Wagner Law Group’s Michael Schloss, who spent more than 30 years at DOL enforcing ERISA, reflects on retirement policies that except ERISA’s primary fiduciary requirements for tax-subsidized plan assets while promoting employee stock ownership as well as environmental and social goals, and barring investments in firms tied to U.S. adversaries.

Brazilian Miners Seek to Remove ‘Disastrous’ Tax Reform Item

Brazilian miners will seek to exclude in the Senate an article in the country’s tax-reform proposal allowing states to create a tax on primary and semi-manufactured products for investment in infrastructure and housing works, Rinaldo Mancini, director of the Brazilian mining institute Ibram, said in an interview.

Coinbase's CLO Argues the SEC Lawsuit Lacks Merit

Coinbase Chief Legal Officer Paul Grewal explains why he thinks the SEC's lawsuit claiming allegations that the firm broke the agency’s rules lacks merit. He speaks with Sonali Basak on "Bloomberg Markets."