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Klein Moynihan Turco LLP

Is a Bitcoin Sweepstakes Promotion Legal?

Klein Moynihan Turco LLP on

Earlier this year, Coinbase ran a Bitcoin sweepstakes promotion offering the chance to win one of six prizes, with the top two prizes amounting to the equivalent of $1,000 USD in Bitcoin (along with merchandise and event...more

BakerHostetler

First Circuit Adds Another Notch to the IRS’ Belt - Upholds Power To Summons Information from Virtual Currency Exchanges

BakerHostetler on

Anyone who thought blockchain would keep their cryptocurrency transactions private from the IRS needs to think again. According to the First Circuit’s recent holding, cryptocurrency users do not have a Fourth Amendment...more

Mintz

To Be or Not to Be . . . a Security: Takeaways from the Ripple Labs Ruling

Mintz on

The most important part of today's ruling in the SEC v. Ripple Labs: Ripple's XRP token is not de facto a security.  Let's not take that for granted.  It is a widely held belief that tokens issued by companies to raise money...more

Polsinelli

Bitcoin Data Akin to Bank Records Under Fourth Amendment

Polsinelli on

Faced with the novel question of whether an individual has a Fourth Amendment privacy interest in the records of their Bitcoin transactions, the Fifth Circuit found that Bitcoin data is akin to bank records and not subject to...more

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