News & Analysis as of

Digital Assets Online Platforms

Allen Matkins

After Vetoing Earlier Bill, Governor Signs Digital Financial Asset Bill

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A year ago, Governor Newsom vetoed a bill, AB 2269, which would have established a Digital Financial Assets Law.  At the time, the Governor claimed that it was "premature to lock a licensing structure in statute".   What a...more

Goodwin

Final Reminder: New UK Crypto Marketing Rules Less Than a Month Away

Goodwin on

As we have discussed previously (see ”First Reminder: Two Months Until New UK Crypto Marketing Rules Take Effect”), starting 8 October 2023, anyone — including a crypto issuer or business based outside the UK — who makes a...more

Orrick, Herrington & Sutcliffe LLP

Texas has new licensing requirements for digital-asset platforms

In June, the Texas governor signed HB 1666 (the “Act”) to add practice restrictions to digital asset service providers, defined as electronic platforms that facilitate the trading of digital assets on behalf of a digital...more

Orrick, Herrington & Sutcliffe LLP

OFAC reaches $7.6 million settlement with online digital-asset trading platform

On May 1, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced a roughly $7.6 million settlement with a Massachusetts-based online trading and settlement platform to resolve potential civil...more

Rivkin Radler LLP

IRS Wraps Up Its 2023 Dirty Dozen List

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Every year, the IRS compiles a list of common scams that taxpayers may encounter – its so-called “Dirty Dozen.” Today, the Service wrapped up the annual Dirty Dozen list of tax scams for 2023 with a reminder for taxpayers,...more

BakerHostetler

Paper Touts DeFi FX Benefits; New Stablecoin Launched; DAO Toolkit Published; BIS Addresses Crypto Risk; SEC, FinCEN, and DOJ...

BakerHostetler on

Paper Explores Benefits of DeFi for FX; Australian Bank Launches Stablecoin - A recent industry paper found that DeFi can reduce costs and enhance transparency in foreign exchange (FX) markets. The paper concludes that...more

Morrison & Foerster LLP

European Digital Compliance: Key Digital Regulation & Compliance Developments - October 2022

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To help organisations stay on top of the main developments in European digital compliance, Morrison Foerster’s European Digital Regulatory Compliance team reports on some of the main topical digital regulatory and compliance...more

Proskauer - Advertising Law

Crypto Chaos: EthereumMax Executives, Kim Kardashian, Floyd Mayweather, Jr., and Paul Pierce Sued in Cryptocurrency Advertising...

Cryptocurrency, social media, and celebrity or influencer endorsements have all been top of mind recently, including for advertisers. A newly filed lawsuit is asking a federal court to consider the intersection of these...more

Smart & Biggar

Branding in the metaverse - how brand owners can find growth in the virtual realm

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Overview of the metaverse - Facebook’s recent re-branding to Meta1 has significantly increased interest in the “metaverse”. Although the concept of the metaverse is still evolving, it is generally understood to be a...more

BakerHostetler

Telegram: Deconstructing One of the Biggest Blockchain Cases of 2020

BakerHostetler on

The Telegram case is arguably the most important case of 2020 involving the legal classification of blockchain-based digital assets. Because it is often cost-prohibitive for companies to challenge the government in court, the...more

WilmerHale

SEC Issues Investor Alert on Initial Exchange Offerings

WilmerHale on

On January 14, 2020, the Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy issued an Investor Alert urging investors to use caution before investing in “initial exchange offerings”...more

Polsinelli

A Pocketful of Quarters: SEC Provides Digital Asset Offering Guidance

Polsinelli on

On July 25, the staff of the U.S. Securities and Exchange Commission (“SEC”) Division of Corporation Finance published a response to a no-action request submitted by Pocketful of Quarters, Inc. (“Pocketful of Quarters”)...more

BCLP

CMA Publishes Digital Markets Strategy

BCLP on

Following recent proposals for regulatory reform (see articles here and here) in relation to competition in digital markets, the CMA published its new Digital Markets Strategy on 3 July 2019, which sets out the agency’s...more

Arnall Golden Gregory LLP

[Webinar] Are You Prepared? Digital Accessibility in the Healthcare Industry - July 16th, 2:00pm ET

The last several years have seen a dramatic increase in legal activity related to website and mobile application digital accessibility claims under the Americans with Disabilities Act and Section 1557 of the Affordable Care...more

Sheppard Mullin Richter & Hampton LLP

FINRA Announces 2019 Regulatory Priorities

On January 22, 2019, the Financial Industry Regulatory Authority, Inc. (“FINRA”) released its annual priorities letter highlighting its regulatory program’s points of emphasis for the coming year. The most immediately...more

A&O Shearman

FINRA Issues 2019 Annual Risk Monitoring and Examination Priorities Letter, Highlighting Potential Areas Of Enforcement Risk

A&O Shearman on

On January 22, 2019, the Financial Industry Regulatory Authority (“FINRA”) issued its annual letter describing its current risk monitoring and examination priorities. See FINRA, Risk Monitoring and Examination Priorities...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - January 2019

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Just before the new year, the Department of Health and Human Resources (HHS) released voluntary cybersecurity practices for health care organizations, which consists of a main document, two technical volumes, and resources...more

Robinson+Cole Data Privacy + Security Insider

Hack of Electrum Wallets Reaps over 200 Bitcoin (around $750,000)

A scary scheme by hackers recently successfully lifted Bitcoin from Electrum wallet owners to the tune of approximately $750,000....more

Fenwick & West LLP

Takeaways from SEC’s First Ever Enforcement Actions Against Cryptocurrency Firms for Failing to Register as a Broker-Dealer and...

Fenwick & West LLP on

Over the past year, the U.S. Securities and Exchange Commission has ramped up its scrutiny of cryptocurrencies and other digital token offerings. On Sept. 11, 2018, the SEC escalated its crackdown when it announced a pair of...more

Seyfarth Shaw LLP

LinkedIn – in whose professional interest?

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LinkedIn is the biggest online network of professionals in the world. Many employers encourage staff to use LinkedIn to promote their organisation. While employees may share content relating to their organisation, they...more

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