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Mintz

SEC Approves Spot Bitcoin ETFs But Gensler Still Disapproves of Crypto

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On January 10, 2024, the U.S. Securities and Exchange Commission (“SEC”) approved eleven applications for spot exchange-traded funds (“ETFs”) tracking Bitcoin. This landmark moment for the crypto asset industry has been over...more

Seward & Kissel LLP

SEC Approves First Round of Bitcoin ETFs

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Who may be interested: Investment Advisers, Registered Investment Companies - The SEC approved the creation and listing of eleven spot Bitcoin ETFs on January 10th. Several firms received approval to launch funds,...more

Perkins Coie

SEC Approves 11 Spot Bitcoin Exchange-Traded Products

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On January 10, the Securities and Exchange Commission gave the green light to 11 issuers that applied for bitcoin exchange-traded funds (ETFs). After a false announcement and a course change due to the ruling in Grayscale...more

Dechert LLP

UK Court of Appeal Determines Bitcoin File Format Meets Copyright Fixation Requirement

Dechert LLP on

The UK Court of Appeal’s ruling in Wright and others v BTC Core [2023] EWCA Civ 868 offers valuable clarity on the 'fixation' requirement under English copyright law, particularly how UK courts are likely to apply this in...more

Dechert LLP

D.C. Circuit Finds SEC Acted “Arbitrarily and Capriciously” in Disapproving Proposed Bitcoin ETP

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The U.S. Court of Appeals for the D.C. Circuit (the “Court”) issued a major ruling against the Securities and Exchange Commission (“SEC”) on August 29, 2023, holding that the SEC acted arbitrarily and capriciously when it...more

Walkers

A new cryptocurrency remedy against software developers?

Walkers on

There has been an increase in claims relating to misappropriated cryptoassets in offshore jurisdictions. The Courts of the Cayman Islands, BVI and Bermuda are guided by the decisions of the Courts of England and Wales. ...more

White & Case LLP

Is decentralised governance of bitcoin really a myth? The fiduciary duties of cryptoasset software developers is a serious issue...

White & Case LLP on

"If the decentralised governance of bitcoin really is a myth, then in my judgment there is much to be said for the submission that bitcoin developers, while acting as developers, owe fiduciary duties to the true owners of...more

Freeman Law

Bare Bitcoins — No Fourth Amendment Privacy in Virtual Currency Records

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Virtual currency has been around for a number of years now, and yet many still believe virtual currency transactions provide a level of anonymity and privacy not afforded by other types of monetary transactions. That simply...more

Carlton Fields

In Crypto Litigations Mandatory Arbitration Agreements May Not Be Immutable

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Permissionless blockchains, like the one underlying the bitcoin payment network, were created to provide the public with transparency over transaction information and records....more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The Fed held its last Open Markets Committee meeting under outgoing Chair Yellen, and it agreed to hold the benchmark rate in a range between 1.25% and 1.5%. Here’s the lowdown....more

Perkins Coie

Blockchain Week in Review – April 2017 #2

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Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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It’s been far from a smooth ride for Uber over the past few weeks. And Friday’s revelation that the ride-sharing company’s been using a tool called “Greyball” to mine and use app data to “deceive the authorities in markets...more

Orrick, Herrington & Sutcliffe LLP

The World in US Courts: Orrick's Quarterly Review of Decisions Applying US Law to Global Business and Cross-Border Activities

Alien Tort Statute (ATS)/Torture Victims Protection Act (TVPA)/Anti-Terrorism Act (ATA) - District Court Dismisses ATS Claim Where Alleged Conduct in US Was Not Directly Linked to Injuries Claimed in Other Countries - ...more

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