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Securities Tokens Blockchain

BakerHostetler

Weekly Blockchain Blog - August 2024 #3

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Crypto Firms Announce New Products in Payments, Investments, Custody - A major U.S. digital asset management company recently announced the creation and public launch of its MakerDAO Trust, which “offers investors the...more

BakerHostetler

Deeper Dive: Understanding the 2023-24 Crypto Threat Landscape

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As the Web3 and digital assets ecosystem continues to grow, hacks, scams and other threats remain a major cause for concern and a potential impediment to broader adoption. Data from various sources indicates that after a year...more

Goodwin

DAOs in English law: another (but not final) step forward

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With so much focus on the regulatory treatment (and mistreatment) of blockchain related businesses, the benefits of commercial legal certainty for choosing a country or territory as a home of choice for these businesses is...more

WilmerHale

Binance Ruling Spotlights Muddled Post-Morrison Landscape

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The March decision in Williams v. Binance from the U.S. Court of Appeals for the Second Circuit marks the latest chapter in the judiciary's struggle to apply the U.S. Supreme Court's 2010 decision in Morrison v. National...more

Ankura

Understanding the Crypto Ripple Effect

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On July 13, 2023, the Court ruled in partial favor of Ripple Labs Inc.’s argument that many of its XRP sales did not violate investor-protection laws. The ruling has sent the crypto world ablaze with speculation on the future...more

Seward & Kissel LLP

Herding a Bunch of Stoned Cats

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On Sept 13, 2023, for its second non-fungible token (NFT) related enforcement action, the SEC issued a settled Order against Stoner Cats 2, LLC (“SC2”) for SC2’s offer and sale of 10,320 NFTs linked to images of characters...more

Seward & Kissel LLP

IRS Raises the Stakes on Staking

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The IRS published guidance on the federal income tax treatment of staking income in Revenue Ruling 2023-14.  Consistent with its prior ruling on hard forks, the IRS maintains that taxpayers realize taxable income when he or...more

BakerHostetler

Ripple Decision Makes Waves Finding Some XRP Sales Not Securities

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On July 13, 2023, the U.S. District Court for the Southern District of New York issued its highly anticipated summary judgment decision in the U.S. Securities and Exchange Commission’s (SEC) action against Ripple Labs, Inc....more

BakerHostetler

DeFi, Stablecoin Products Launch; FASB to Allow Fair Value for Crypto Accounting; SEC Addresses Crypto IRAs; DOJ Enforcement...

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DeFi, Stablecoin Products Launch; Bitcoin Network Spikes Due to NFTs - According to reports, a new decentralized finance (DeFi) protocol recently launched that allows users to deposit the stablecoins USDC or DAI in a...more

Latham & Watkins LLP

LBRY Ruling: A Nice Read for the SEC

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In granting the SEC’s motion for summary judgment, a federal court ruled that sales of LBC tokens were securities transactions. On November 7, 2022, the Securities and Exchange Commission (SEC) prevailed in a motion for...more

Mintz

An SEC Win - US District Court Judge Rules LBRY’s LBC Token a Security

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In a significant victory for the SEC, US District Court Judge Paul J. Barbadoro granted summary judgment to the SEC in what is the first enforcement action targeting a cryptocurrency not issued via an initial coin officer...more

Latham & Watkins LLP

Decentralized Autonomous Organizations: Piercing the Digital Veil

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A complaint filed in federal court will test the boundaries of protection from liability for individuals behind decentralized autonomous organizations. On May 2, 2022, a putative class action was filed in the US District...more

Oberheiden P.C.

Digital Security Offering – 10 Things to Know Before You Create a DSO

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What is a Digital Security Offering (DSO)? Conducting digital security offerings (DSOs), or security token offerings (STOs) is time-consuming and can be quite complicated. You will need to consider factors such as whether...more

Goodwin

SEC Update: SEC Chair Gary Gensler before the Aspen Security Forum

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In a speech before the Aspen Security Forum on August 3, 2021, SEC Chair Gary Gensler followed the lead of his predecessor and repeated the SEC’s view that current securities regulations are clear and almost all tokens are...more

McDermott Will & Emery

INX Leads the Finance Industry into the Future with Registered Public Offering of “Security Tokens”

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THE CHALLENGE: When INX Limited formed in 2017, its founders recognized that market enthusiasm around bitcoin and other blockchain assets would lead to a new standard in the finance industry. Looking beyond the...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Distributed Ledger: Blockchain, Digital Assets and Smart Contracts - October 2020

Recent and significant regulatory and legislative events in the digital asset space demonstrate the evolving and expanding approach by U.S. and international regulators to the burgeoning digital asset markets. These...more

Freeman Law

Episode 3 - The Freeman Law Project - Cryptocurrency Regulation and Taxation: A Brief Primer

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In this episode of The Freeman Law Project podcast, Jason B. Freeman discusses cryptocurrency and blockchain legal issues, including regulation and taxation. This primer episode provides an introduction into the technology...more

Hogan Lovells

Gesetzesentwurf zur Einführung von Eletronischen Wertpapieren

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Nachdem das Bundesministerium der Justiz und für Verbraucherschutz und das Bundesministerium der Finanzen mit dem Diskussionspapier "Eckpunkte für die regulatorische Behandlung von elektronischen Wertpapieren und...more

Hogan Lovells

Draft Law on the introduction of Electronic Securities

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After the Federal Ministry of Justice and Consumer Protection and the Federal Ministry of Finance announced the introduction of electronic securities with the “Key-issues paper on the regulatory treatment of electronic...more

Latham & Watkins LLP

SEC Greenlights Investment Fund Delivered in Security Tokens

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The milestone fund structure portends a reduced role for broker-dealers, who may be sidelined by innovators unwilling to wait for regulators. On July 6, 2020, asset management firm Arca announced that the US Securities and...more

WilmerHale

Court Sides with SEC in Blocking Distribution of Telegram's Grams

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On March 24, 2020, Judge P. Kevin Castel of the Southern District of New York granted the U.S. Securities Exchange Commission (“SEC”) an injunction to prevent Telegram Group Inc. and TON Issuer Inc. (collectively, “Telegram”)...more

Goodwin

SEC Wins Injunctive Relief To Prevent Telegram’s Distribution of $1.7B Worth of Cryptocurrency

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In 2018, Telegram - which was formed in 2013 and quickly became known for its Telegram Messenger app - sold $1.7 billion worth of Grams to 175 entities and high net-worth individuals (the “Initial Purchasers”). Telegram and...more

Latham & Watkins LLP

2019 Digital Asset Regulatory Look Back (US Edition)

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It was a year filled with tantalizing tidbits and many loose ends. 2019 marked the 10th year since blockchain technology was released into the wild by its still unknown inventor, Satoshi Nakamoto, who mined the first bitcoin...more

Latham & Watkins LLP

HMRC Issues Further Guidance on the Taxation of Cryptoassets

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HMRC confirms that cryptoassets are not considered to be money or currency for tax purposes. On 1 November 2019, HM Revenue & Customs (HMRC) issued a policy paper on the taxation of cryptoassets for businesses and...more

McDermott Will & Emery

[Event] Fintech Seminar 2019: Digital Identity On Blockchain - November 18th, London, England

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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

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