The SEC also recently issued a statement asserting jurisdiction over certain transactions involving blockchain products. (See ) This raises the possibility of a regulatory dispute over jurisdiction. Each agency is perfectly correct in interpreting the relevant statutes to the effect that at least some transactions involving virtual currency or other blockchain products will fall within the ambit of that agency, and perhaps within the ambit of both. What is significant in the regulatory…

Ms. Peirce is a scholar, in addition to having a background at the SEC and as a staff member in Congress. The Cabinet has published a good deal of her work, including her .

Robert Jackson is known for his work on .

Ms. Peirce had been originally nominated for the Commission by President Obama in March of 2016, along with Democrat , a professor at (with Ms. Peirce being the "Republican" nominee and Ms. Fairfax the "Democrat"). However, the two nominations were derailed,…

Firms should consider if there are procedures that can be used to prevent such activity. At a minimum, given the warning that this case provides, firms should consider on what basis decisions as to IPO allocations are made.

The FDIC's new publication is a useful retrospective on the financial crisis. As with almost any "history," this document must also be understood to reflect the institutional interests of the historians. One "historical" reading of the crisis seems a great and overdue advance: the FDIC expressly recognized that the primary driver of the financial crisis was the housing market (and that financial derivatives played a very, very, very secondary role). As stated: "The U.S. financial crisis of…