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CFTC Crackdown: Three DeFi Platforms Face Enforcement Actions

On September 7, 2023, the Commodity Futures Trading Commission (CFTC) simultaneously filed and settled charges against three decentralized finance (DeFi) platforms, signaling a significant step toward CFTC regulatory...more

SEC Cracks Down on NFTs With First-Of-Its-Kind Enforcement Action

On August 28, 2023, the US Securities and Exchange Commission (SEC) announced an enforcement action against Impact Theory, LLC, alleging that Impact Theory’s public sale of approximately $30 million in crypto assets violated...more

[Webinar] Year in Review | The Wild Ride That Was Crypto and FinTech in 2022 - December 1st, 11:00 am - 12:00 pm EST

To find community, resources and support to help accelerate your career and fuel your success, we invite you to join us for our Women in FinTech Networking Series, bringing together senior women across the FinTech industry....more

Welcome to the Metaverse: Opportunities and Challenges Women in Fintech Networking Webinar Series

As a recap: This session we discussed the opportunities and challenges that come with the advent of the metaverse. We were joined by Samrah Kazmi, co-founder and COO at Maiden Century, Inc. and founder and CEO of Women in...more

[Webinar] Welcome to the Metaverse: Opportunities and Challenges Women in FinTech Networking Series - September 14th, 11:00 am -...

To find community, resources and support to help accelerate your career and fuel your success, we invite you to join us for our Women in FinTech Networking Series, bringing together senior women across the FinTech industry....more

Inside Out: Is a Recent Crypto Asset Insider Trading Case a Prelude to More SEC Enforcement Actions?

On July 21, 2022, the US Securities and Exchange Commission (SEC) filed a civil enforcement action alleging that from at least June 2021 to April 2022, the three named defendants orchestrated and perpetrated an insider...more

The Gloves Come Off: CFTC Takes Swing at Largest Bitcoin Fraud Scheme

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the US District Court for the Western District of Texas charging Cornelius Johannes Steynberg and Mirror Trading International...more

[Virtual Event] NFTs and Web3: Compliance and Cybersecurity | Women in FinTech Networking Series - June 28th, 11:00 am - 12:00 pm...

To find community, resources and support to help accelerate your career and fuel your success, we invite you to join us for our Women in FinTech Networking Series, bringing together senior women across the FinTech industry....more

[Virtual Event] Breaking FinTech’s Glass Ceiling: Women in FinTech Networking Series - April 20th, 11:00 am EDT

Research shows that companies with at least one woman on the board perform 26% better than those with male-only boards, but women make up only about 20% of C-Suite representation in FinTech. In this male-dominated industry,...more

The Cryptocurrency Industry Breathes a Sigh of Relief Following President Biden’s Executive Order

On March 9, 2022, US President Joe Biden signed an unprecedented executive order directing federal agencies to coordinate their approach to clarifying cryptocurrency regulations. Sighs of relief were heard across the industry...more

[Webinar] Demystifying Cryptocurrency Law & Compliance - January 12th, 12:00 pm - 1:00 pm EST

The cryptocurrency legal and compliance landscape is constantly changing, and there’s more scrutiny than ever before on the industry. Please join leading experts from McDermott Will & Emery and Bates Group for a discussion on...more

OFAC Reaffirms Focus on Virtual Currency with Sanctions Law Guidance

On October 15, 2021, the US Department of the Treasury’s Office of Foreign Asset Control (OFAC) announced updated guidance for virtual currency companies in meeting their obligations under US sanctions laws. On the same day,...more

A Flurry of CFTC Actions Shock the Cryptocurrency Industry

The Commodity Futures Trading Commission (CFTC) sent shockwaves across the cryptocurrency industry when it issued a $1.25 million settlement order with Kraken, one of the industry’s largest market participants. The next day,...more

[Virtual Conference] McDermottTech 2021 - September 21st, 3:30 pm - 5:45 pm BST

We invite you to attend McDermottTech 2021, a virtual conference exploring the latest global trends impacting the technology industry. Please join us for this complimentary program on September 21, 2021, for the opportunity...more

CFTC Steps up Activity in the Cryptocurrency Space with Latest Action for Violations of the Commodity Exchange Act and CFTC...

On August 10, 2021, the Commodity Futures Trading Commission (CFTC) announced that the US District Court for the Southern District of New York entered a consent order against HDR Global Trading Limited, 100x Holding Limited,...more

[Event] Blockchain Briefing - February 27th, San Francisco, CA

The emergence of blockchain technology has transformed and will continue to disrupt the way companies in various industries conduct business. The technology, strategy and laws in this space are constantly evolving, and as...more

[Event] Blockchain Briefing: San Francisco - December 5th, San Francisco, CA

The emergence of blockchain technology has transformed and will continue to disrupt the way companies in various industries conduct business. The technology, strategy and laws in this space are constantly evolving, and as...more

[Event] Fintech Seminar 2019: Digital Identity On Blockchain - November 18th, London, England

McDermott Will & Emery host an in-depth discussion and networking opportunity at our FinTech Digital Identities Forum. A panel of industry experts provide an update on international blockchain developments and regulations...more

SEC Division of Corporate Finance Issues Second No-Action Letter for a Blockchain Token Issuance

The SEC Division of Corporate Finance recently issued a no-action letter to Pocketful of Quarters, confirming that the Division will not recommend any enforcement action if the company sells its blockchain-based tokens...more

The SEC Takes Aim at Another Initial Coin Offering

A recent complaint concerning KIK Interactive Inc. filed in the US District Court of the Southern District of New York reveals some SEC priorities for cryptocurrency enforcement actions. The complaint indicates that the SEC...more

Blockchain Tokens: The SEC Staff Issues Its Framework for Determining Whether an ICO is an Issuance of Securities

In its long-awaited guidance, the Staff of the Securities and Exchange Commission recently provided a lengthy list of factors to consider when determining whether an initial coin offering (ICO) is a security. While the...more

SEC Divisions Issue Digital Asset Securities Statement

The SEC Divisions of Corporation Finance, Investment Management, and Trading and Markets recently issued a statement addressing the SEC’s recent digital asset securities actions. This statement confirms the applicability of...more

ICOs Should Tread Carefully on Social Media

In two recent enforcement actions, the SEC looked past formal offering documents and cited statements made on Reddit, YouTube and other social media to determine that the AirFox and Paragon ICOs were unregistered sales of...more

Enforcing the Regulatory Landscape for Virtual Currencies: Recent Developments

US regulators have stepped up their activity in terms of enforcing the regulation of virtual currencies and on September 11, 2018, issued four relevant decisions: FINRA’s first disciplinary action involving cryptocurrencies;...more

The CFTC is Policing Virtual Currency Boiler Rooms

Following a three-day bench trial, US District Judge Jack B. Weinstein found in favor of the CFTC and ordered a permanent injunction banning Patrick K. McDonnell from dealing in virtual currency and ordering a judgment for...more

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