On February 28, 2025, House Financial Services Committee Chairman French Hill (R-AR), Senate Banking Committee Chairman Tim Scott (R-SC), and Senator Tom Cotton (R-AR) sent a letter (the “Letter”) to Securities and Exchange Commission (the “Commission”) Acting Chair Mark Uyeda requesting that the Commission launch a comprehensive review of all aspects of the Consolidated Audit Trail (CAT”), the Commission-mandated reporting system that
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News and Views on Securities Regulation and Capital Formation
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SEC Staff Statement on Meme Coins and Commissioner Crenshaw’s Response
On February 27, in what is likely the first of many statements about crypto assets, the Staff of the U.S. Securities and Exchange Commission’s Division of Corporation Finance (the “Division”) posted a statement on Meme Coins (the “Statement”). In the Statement, the Division’s Staff shared its views that transactions in “meme coins,” which are “a…
Supreme Court Roundup: Recent Decisions and Upcoming Cases
Webinar | March 20, 202512:00 p.m. – 1:00 p.m. ESTRegister here.
Join us for the latest installment in the Banking & Financial Services Litigation webinar series, Supreme Court Roundup: Recent Decisions and Upcoming Cases. The current term of the US Supreme Court will see rulings on many important business issues, including class action standards,…
Private Placements & Hybrid Securities 2025
Join us at the Practising Law Institute’s Private Placements and Hybrid Securities Offerings 2025 conference.
This annual conference provides an overview of the legal framework applicable to private and exempt offerings, covering the basics of private placements, resales of restricted securities, Rule 701, Rule 144, Section 4(a)(1-1/2) transactions and block trades, and private secondary transactions. The second…
European Commission presents “Omnibus” Simplification Package with amendments to CSRD, CSDDD, CBAM and Taxonomy
On 26 February 2025, the European Commission (“Commission”) published its “Omnibus I” or “Sustainability Omnibus” package as part of its mission to improve the competitiveness of the European Union. The Omnibus Package foresees changes to several EU instruments pertaining to sustainability reporting under the Corporate Sustainability Reporting Directive (“CSRD”) and Taxonomy Regulation, sustainability…
Acting Chair Uyeda on SEC’s Priorities
By Liz Walsh
Members of the US Securities and Exchange Commission (the “Commission”) continue to share their views about the Commission’s current priorities, and Monday was Acting Chairman Mark Uyeda’s turn. Speaking at the Florida Bar’s 41st Annual Federal Securities Institute and M&A Conference on February 24, 2025, Acting Chairman Uyeda provided his thoughts on where the Commission…
SEC Extends Compliance Dates and Provides Temporary Exemption for Rule Related to Clearing of U.S. Treasury Securities
On February 25, 2025, the SEC extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act for eligible cash market transactions by one year to December 31, 2026, and for eligible repo market transactions to June 30, 2027. The SEC issued a cancellation notice for its originally scheduled February 26, 2025,…
House Financial Services Committee Hearing Today at 10 AM ET: Anna Pinedo to Testify
Watch the US House of Representative’s Financial Services Committee hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation” today at 10 AM ET. The hearing will consider over thirty bills, which address aspects of the IPO market, access to the public markets by smaller…
SEC to Review Clearing Rule Compliance for U.S. Treasury Securities Amid Industry Concerns
The SEC is set to hold an open meeting on February 26, 2025, to discuss extending compliance deadlines and granting temporary exemptions for covered clearing agencies (CCAs) handling U.S. Treasury securities. This review focuses on Rule 17ad-22(e)(18)(iv)(A) and (B) and a temporary exemption for Rule 17ad-22(e)(6)(i) and Section 19(g) under the Securities Exchange Act of…
SEC Crypto Task Force Seeks Input on Regulatory Framework
On February 21, 2025, Commissioner Hester Peirce released a statement inviting input from interested parties on the regulation of crypto assets. Commissioner Peirce stated that greater crypto clarity requires the public’s input, and the Crypto Task force therefore welcomes “input from anyone in the public with an interest in these topics, and a wide range…