President’s Working Group on Financial Markets Punts on Offering Substantial Guidance on Stablecoins

TRUNORTH Client Alerts

On July 26, 2021, Senator Elizabeth Warren wrote to Treasury Secretary Janet Yellen to urge the Financial Stability Oversight Council (“FSOC”) to “act with urgency and use its statutory authority to address cryptocurrencies’ risk and ensure the safety and stability of our financial system.”  On November 1, 2021, the President’s Working Group on Financial Markets, joined by the Federal Deposit Insurance Corporation (“FDIC”), and the Office of the Comptroller of the Currency (“OCC”), addressed part of Senator Warren’s concerns by issuing a Report on Stablecoins (“Report”). The Report left many issues unresolved unfortunately.

Patrick Bradford and Camille Joseph Varlack Speak at BIHC’s Elevating Black Excellence Virtual Regional Summit Series

TRUNORTH News

Bradford Edwards partners Patrick A. Bradford and Camille Joseph Varlack spoke at BIHC’s Elevating Black Excellence Virtual Regional Summit held on October 21, 2021. Patrick appeared on an antitrust panel discussion, which explored practical guidance on trending antitrust and litigation topics in the U.S. and the EU. Camille’s panel, entitled “Employers’ Pandemic Dilemma – Looking Forward,” discussed a variety of topics related to employment law considerations in the pandemic era.

The SEC Approves Nasdaq Diversity Rule for Corporate Boards

TRUNORTH Client Alerts

The Securities and Exchange Commission recently approved a proposal by the Nasdaq to diversify corporate boards. The Nasdaq’s proposed rule is aspirational, requiring disclosure of compliance or an explanation of non-compliance. However, the proposal has drawn heated debate in both political and business circles, with some arguing for needed integration of corporate boards, and others arguing that the policy is racially discriminatory.

Biden Administration Identifies Corruption as National Security Priority

TRUNORTH Client Alerts

The White House released a Memorandum on Establishing the Fight Against Corruption (“Memo”) on June 3, 2021. The Memo sets Administration policy regarding the corrosive impact corruption has on “United States national security,” which, if not addressed, threatens “economic equity, global anti-poverty and development efforts, and democracy itself.” The Memo directs an interagency review by agencies including CIA, DHS, DOJ, DNI, and certain military assets, to develop strategies that, when implemented, will bolster the U.S. Government’s ability to attack corruption, wherever located.

The NCAA Was Slaughtered 9-0 in the Supreme Court – Greater Economic Freedom for Black Student-Athletes Now Likely

TRUNORTH News

Eurweb highlights Partner Patrick Bradford’s contribution to the Supreme Court’s decision in N.C.A.A. v Alston, noting that his larger contribution is to the African American community as a whole. This decision opens the door for college athletes to one day realize full economic rights and marks a fundamental shift away from the exploitation of young black labor.

A New Era Dawns In College Sports

TRUNORTH News

Partner Patrick Bradford speaks to NPR on the lasting impact of the United States Supreme Court ruling that the NCAA cannot stop universities from giving student-athletes education-related benefits.

The Supreme Court’s Surprising Term

TRUNORTH News

Bradford Edwards & Varlack LLP is mentioned in New Yorker magazine, which highlights several pivotal Supreme Court cases that arose against the backdrop of the 2020 pandemic and the recent presidential election. Among the noteworthy topics was the unanimous Supreme Court ruling in N.C.A.A. v. Alston, which struck down N.C.A.A. restrictions on education-related benefits for college athletes.