On August 28, 2023, the Securities and Exchange Commission (SEC) brought, and settled, an enforcement action against a media and entertainment company for “conducting an unregistered offering of crypto asset securities in the...more
Distributed ledger technology (which includes blockchain) is transformative in its own right. That said, one of the unique aspects of distributed ledger technology is its ability to benefit numerous, and often dissimilar,...more
Digital assets, including cryptocurrencies, stablecoins, tokenized assets, and central bank digital currencies, are fundamentally reshaping U.S. and global business and transactions. That said, this transformation is complex,...more
On January 13, 2023, the Internal Revenue Service (IRS) Office of Chief Counsel published Memorandum 202302011 titled “[a]pplicability of I.R.C. section 165 to cryptocurrency that has declined in value.” The Memorandum...more
1/23/2023
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Internal Revenue Code (IRC) ,
IRS ,
Popular ,
Virtual Currency
The last twelve months have seen unprecedented adoption, evolution, and turbulence across the digital assets sphere. Whether cryptocurrencies, stablecoins, or central bank digital currencies (CBDCs), all of which qualify as...more