Category: crypto

FTX Creditor Litigation Parallels to Enron/WorldCom

BY: Evan Paul, RBFL Editor The collapse of cryptocurrency exchange FTX Trading Ltd. (“FTX”) due to its co-mingling of assets with Alameda Research LLC (“Alameda”) has resulted in a plethora of litigation by those seeking recovery of lost assets. On the more traditional end, this includes bankruptcy proceedings, civil actions by the Securities and Exchange […]

The Use of Cryptocurrency to evade OFAC Sanctions

By: Ryan Connolly, RBFL Student Editor On August 8, 2022, OFAC sanctioned the cryptocurrency mixer Tornado Cash. OFAC alleges that Tornado Cash has been used, through its transaction anonymizing services, to launder over $7 billion worth of cryptocurrency since 2019. Among the most notable launderers was Lazarus Group, a North Korean state-sponsored hacking group who […]

Impact of Celebrity Endorsed Cryptocurrency

BY: Roshni Parikh, RBFL Student Editor Cryptocurrency (‘crypto’) has permeated through the financial world as a popular investing tool that is relatively easy to use. The problem is that it is inherently risky, if not dangerous, and is not considered a sophisticated investment space due to its fraudulent features, anonymity, and decentralization. The Federal Trade […]

Finfluencers, Meme Stocks, and Regulatory Response

BY: Megan R. Miller, RBFL Student Editor “Finfluencer” activity has exploded in recent years, especially during the COVID-19 pandemic. According to Bloomberg Wealth, “finfluencers” are online personalities who share financial advice, particularly on social media. Social media platforms like YouTube, TikTok, and Instagram are full of young people offering investment, budgeting, and other financial advice […]

Robinhood IPO – Continued Regulatory Issues After Going Public

BY: Aspen Schneider, RBFL Student Editor Throughout its eight years of operation, Robinhood has faced many problems. The company has been penalized by multiple regulatory bodies for a variety of offenses. In response to the penalties, Robinhood has made hopeful additions to the board of directors and made various improvements within the platform. However, regardless […]

Regulatory Landscape in Wyoming and Wyoming’s Leadership in Cryptocurrency

BY: Melissa Pereira, RBFL Student Editor Cryptocurrency (“Crypto”) financial technology may be the future of transacting. However, there are regulatory obstacles to overcome before widespread adoption and usage can be achieved. My developmental article extensively discusses these regulatory obstacles, the need for a clear regulatory framework of crypto, Wyoming’s leadership in implementing crypto-friendly regulation, as […]