On June 5, 2024, a three judge panel of the U.S. Fifth Circuit Court of Appeals unanimously struck down the Securities and Exchange Commission’s (“SEC”) final rule, which created onerous restrictions for managers of private...more
As the New York State Office of Cannabis Management (“OCM”) has started accepting applications for the adult-use cannabis market, it is important to be aware of certain ownership requirements. The New York State Cannabis Law...more
12/12/2023
/ Agribusiness ,
Business Formation ,
Business Ownership ,
Cannabis-Related Businesses (CRBs) ,
Dispensaries ,
Investors ,
Limited Liability Company (LLC) ,
Marijuana Cultivation ,
New York ,
Retailers ,
Sole Proprietorship ,
Suppliers
The Securities and Exchange Commission (“SEC”) adopted new private fund adviser rules and amendments (the “Amendments”) to the Investment Advisers Act of 1940 (the “Advisers Act”). These Amendments create new obligations for...more
As one of the most famous individuals in the world, it is not uncommon for Kim Kardashian (“Kardashian”) to make headlines. Recently, the headline related to fines and penalties to be paid to the Securities and Exchange...more
The first Bitcoin ETF began trading today in the United States. Although this ETF is a Bitcoin Futures ETF, the world’s largest digital currency manager announced today that an application to convert its Bitcoin Trust into a...more
10/20/2021
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
ETFs ,
Ether Tokens ,
Ethereum ,
Investment ,
Popular ,
Stablecoins ,
Virtual Currency
Uses of Cryptocurrency Overview-
As previously detailed, there are a number of regulations surrounding Cryptocurrencies which vary by location (State Regulations) and by federal agency (FINCEN Regulations, IRS Regulations,...more
10/13/2021
/ Bitcoin ,
Blockchain ,
CFTC ,
Coinbase ,
Collateral ,
Cryptocurrency ,
Financial Transactions ,
FinCEN ,
Initial Coin Offering (ICOs) ,
IRS ,
Loans ,
Long-Term Investment Funds ,
Popular ,
Securities and Exchange Commission (SEC) ,
Utility Tokens ,
Virtual Currency
As previously discussed, there are quite a few regulatory schemes surrounding Digital Assets and Cryptocurrencies. In addition to the FinCen Rulings, each State has its own regulations. The Internal Revenue Service (“IRS”)...more
8/10/2021
/ Bitcoin ,
CFTC ,
Cryptocurrency ,
Designated Contract Markets (DCMs) ,
Digital Assets ,
FinCEN ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
SEFs ,
Virtual Currency
As previously discussed, in addition to the State Regulations and FinCen Rulings pertaining to Digital Assets and Cryptocurrencies, there are a host of other federal agencies with regulations that affect the industry. The...more
There are multiple regulatory schemes to be aware of when considering or pursuing opportunities within the Digital Asset and Cryptocurrency industries beyond the various State Regulations and the FinCen Rulings. In what looks...more
In recent months notable investors, wealth managers, and banks have begun to explore (if they were not already invested in) bitcoin and other cryptocurrencies. Many banks are beginning to offer cryptocurrency investment...more
As digital assets, and cryptocurrencies specifically, have continued to gain worldwide popularity, you might be wondering whether you can pursue opportunities within the industry. The answer in large part depends on what type...more
As part of the CARES Act, $100 billion of relief funds have been designated to assist hospitals and other healthcare providers on the front lines of the COVID-19 response. The funds are used to support healthcare-related...more
In connection with the relief being offered to small businesses as a result of the impact of COVID-19, the CARES Act has modified certain provisions of the Small Business Administration’s (“SBA”) size and affiliation...more
As the COVID-19 pandemic evolves, Governor Andrew Cuomo continues to reinforce his initial mandate limiting in-person business operations solely to Essential Businesses throughout the State. In an effort to facilitate the...more
Pursuant to a series of Executive Orders issued by Governor Phil Murphy in response to the COVID-19 pandemic (together with related guidance and orders issued by the Office of Emergency Management), certain businesses must...more
As COVID-19 continues to negatively affect commerce around the country, there are different programs available to help businesses in need. In addition to the Small Business Association’s recent expansion of its Economic...more
In an effort to assist small businesses impacted by the Coronavirus, the Small Business Association (SBA) has recently expanded access to its Economic Injury Disaster Loan program for small businesses and private nonprofit...more