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
1/24/2020
/ Blockchain ,
Business Development ,
Business Model ,
Corporate Executives ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
Events ,
FinTech ,
Initial Coin Offering (ICOs) ,
Investors ,
Popular ,
Regulatory Standards
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
11/12/2019
/ Banking Sector ,
Blockchain ,
Events ,
Financial Services Industry ,
FinTech ,
New Rules ,
Popular ,
Regulatory Requirements ,
Securities Tokens ,
Securities Transactions ,
Technology Sector
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
8/12/2019
/ Blockchain ,
Division of Corporate Finance ,
Enforcement Actions ,
FinTech ,
Howey ,
No-Action Letters ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Tokens ,
Token Sales
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
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
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
Proceeds from ICOs topped $5 billion in 2017, $1 billion of which originated in the United States. Since blockchain technology has a variety of applications and blockchain tokens may have a variety of characteristics, it is...more
On February 7, 2018, the New York Department of Financial Services issued “Guidance on Prevention of Market Manipulation and Other Wrongful Activity” imposing stringent reporting requirements of which virtual currency...more