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    • BLOCKCHAIN—CFTC seeks comment on proposed rules governing crypto transactions and markets in advanced notice
    • BLOCKCHAIN—ICBA sues OCC over national trust charters for crypto firms
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    • BLOCKCHAIN—S.D.N.Y.: Memecoin case tossed because entity could not legally be sued
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    • ENFORCEMENT—2nd Cir.: Broker fatally failed to preserve its appellate argument
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    • FRAUD AND MANIPULATION—N.D. Ill.: Plaintiffs failed to show causal connection between Treasury spoofing and injury under the CEA
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    • IPO TRACKER—September sees 30 fewer IPOs than last year
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    Securities Regulation Daily Wrap Up, BLOCKCHAIN—S.D.N.Y.: Memecoin case tossed because entity could not legally be sued, (Oct 6, 2026)

    Law Firms Mentioned:Burwick Law | Cahill Gordon & Reindel LLP | Sbaiti & Company PLLC
    Organizations Mentioned:Kelsier Labs, LLC d/b/a Kelsier Ventures | Kelsier Ventures

    By Mark S. Nelson, J.D.

    The case emphasized non-securities-based RICO, common law fraud, and consumer claims.

    A combination of jurisdictional and substantive issues appeared to thwart a private fraud case brought against the purveyors of a platform that enabled trading of me ...

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