Law Decoded: Of Street Marches and Market Manipulators, May 30-June 5

Cointelegraph's weekly newsletter on the latest in law, policy and regulation for the crypto and fintech industry.

A lockdown spring is giving way to a protest summer in the U.S., and this will be an especially U.S.-focused edition of Law Decoded.

As Brooks joined the OCC from Coinbase's legal team at the end of March, there was speculation that his appointment was part of a bridge between banks and crypto technology.

Yesterday, the OCC invited crypto industry players and banks to put their heads together on ways of streamlining the financial system.

Her continuing presence on the commission would add to the general sense that government agencies are looking for people to onboard crypto expertise onto financial regulators.

As a result, the Petro has floundered in most parts of the world and even internally is supported by a series of unbacked declarations from Joselit Ramirez Camacho, the supervisor of Venezuela's crypto program.

Attorneys at the time denied that there was evidence of laundering in crypto.

Targeting Ramirez Camacho suggests that crypto, specifically the Petro, has gone up in the U.S.'s list of priorities when it comes to wearing down the Maduro regime.

The class-action lawsuit in New York City alleging that sister companies Bitfinex and Tether worked together to manipulate the global cryptocurrency market consolidated recently, with the legal teams of Selendy & Gay and Roche Cyrulink Freedman taking over as lead counsel for the class after a contentious battle between four separate groups of plaintiffs.

The plaintiffs have filed a new and improved complaint in that class action, alleging that the firms are legally on the hook for over $1 trillion of market manipulation owed to crypto investors over the past three years or more.