Although the U.S. Government under President Trump has flipped the script on its approach to cryptocurrency in just a matter of weeks, one big question that is still out there is will the courts chill the recent enthusiasm of...more
With the past year marked by a number of enforcement actions and investigations by the U.S. Securities and Exchange Commission (SEC) and other regulators against major actors in the digital assets space. This webinar will...more
8/14/2024
/ Continuing Legal Education ,
Digital Assets ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Investigations ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Technology Sector ,
Webinars ,
Wells Notice
There is little in this world more valuable than fine art. Just ask Paul Allen, whose collection of paintings and sculptures recently fetched over $1.5 billion at auction, including $117 million for van Gogh’s “Verger avec...more
It’s a common dilemma. You’ve created ten thousand Non-Fungible Tokens (“NFTs”) of apes whose expressions answer in the affirmative the age-old (for billionaires, that is) question: can ennui follow you onto a yacht? You...more
In a case watched by companies that offered and sold digital assets Federal District Court Judge Paul Barbadoro recently granted summary judgment for the Securities and Exchange Commission (“SEC”) against LBRY, Inc. This case...more
In a recent speech,2 Gensler quoted the first Chairman of the SEC, Joseph Kennedy3 who noted: “No honest business need fear the SEC.”4 Unfortunately, Gensler failed to note that as the SEC often explains, whether a party has...more
In a recent speech, SEC Chairman Gary Gensler quoted the first chairman of the SEC, Joseph Kennedy, who noted, “No honest business need fear the SEC.” Unfortunately, Gensler failed to note that as the SEC often explains,...more
9/22/2022
/ Criminal Prosecution ,
Digital Assets ,
FCPA Corporate Enforcement Policy (CEP) ,
Gary Gensler ,
Investment ,
Investors ,
Publicly-Traded Companies ,
Regulatory Oversight ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Transactions ,
Stablecoins
The U.S. Attorney’s Office for the Southern District of New York recently charged two individuals for allegedly participating in a scheme to defraud purchasers of “Frosties” non-fungible tokens (or “NFTs”) out of over $1...more
4/8/2022
/ Blockchain ,
Criminal Prosecution ,
Cryptocurrency ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
FinTech ,
Investment Funds ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Wire Fraud
On March 24, 2022, the U.S Attorney’s Office for the Southern District of New York charged two individuals for their alleged participation in a scheme to defraud purchasers of non-fungible tokens (or “NFTs”) known as...more
4/1/2022
/ Blockchain ,
Criminal Conspiracy ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Digital Wallets ,
Enforcement Actions ,
Enforcement Priorities ,
Financial Transactions ,
Investment Opportunities ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Wire Fraud
Please forgive some members of the FinTech community for remembering President Ronald Reagan’s comment: “The nine most terrifying words in the English language are: ‘I’m From the Government and I’m Here to Help.’” President...more
3/16/2022
/ Biden Administration ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
Financial Regulatory Reform ,
Financial Services Industry ,
Financial Transactions ,
Investment Contract ,
Investor Protection ,
Regulatory Agenda
Speaking at last week’s Munich Cyber Security Conference, U.S. Deputy Attorney General Lisa Monaco announced the formation of a new FBI unit dedicated to blockchain analysis and virtual asset seizure – the Virtual Asset...more
2/22/2022
/ Asset Seizure ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Crimes ,
Digital Assets ,
Enforcement Priorities ,
FBI ,
FinTech ,
Ransomware ,
Regulatory Oversight ,
Virtual Currency
The U.S. Securities and Exchange Commission (“SEC”) entered an order on Dec. 15, 2020 with Wireline, Inc., related to the company’s unregistered offering of securities using a simple agreement for future tokens (“SAFT”). ...more