A judge’s decision to depose former Securities and Exchange Commission director William Hinman in the case of the SEC vs, Ripple Labs has the cryptocurrency industry talking, so now is a good time to revisit Hinman’s comments as a refresher. Hinman made the comments at… Read More
Read more in: Politics, Legal & Regulation, Blockchain & Digital Assets | Tagged howey test, ripple, ripple labs, sec, william hinman, xrp
The sudden prevalence of Non-Fungible Tokens has raised important legal considerations for issuers and purchasers alike. While intellectual property rights remain essential, securities laws should not be overlooked. Non-Fungible Tokens, or “NFTs”, are digital assets with unique identifying characteristics that distinguish one from another. Unlike… Read More
Read more in: Featured Headlines, Blockchain & Digital Assets, Opinion, Politics, Legal & Regulation | Tagged andrew lee, daniel bernard, foley and lardner, howey test, legal, nft, non-fungible tokens, sec, securities and exchange commission
Today, in a speech delivered at an event in Chicago, SEC Commissioner Peirce presented a new proposal in the treatment of digital assets that may not be treated as securities perhaps representing a dramatic shift in the US token offering marketplace. In the US, pretty… Read More
Read more in: Featured Headlines, Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged andy bromberg, coinlist, georgia quinn, hester peirce, howey test, rule 195, safe harbor, sec, securities and exchange commission
Last Friday, the SEC settled charges against two companies, CarrierEQ Inc. dba Airfox (“Airfox”) and Paragon Coin Inc. (“Paragon”), which raised money with initial coin offerings (“ICOs”). The SEC found that both companies violated the registration provisions of the U.S. securities laws because neither company… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Opinion, Politics, Legal & Regulation, Strategy | Tagged airfox, dao, enforcement, howey test, icos, initial coin offerings, munchee, onki kwan, paragon, sec, securities and exchange commission, vangardium
The US Securities and Exchange Commission (SEC) pumped their regulatory brakes on Initial Coin Offerings (ICOs) earlier this year. Pointing to the DAO debacle, the Feds said if a tokenized offering is a security it will be regulated, end of story. This statement was a long… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Opinion, Politics, Legal & Regulation, Strategy | Tagged bancor, cftc, commodity futures trading commission, doug ellenoff, ellenoff grossman & schole, howey test, initial coin offering, john gotts, perspective, sec, securities and exchange commission, tezos, tim draper, tokens and exchange self regulatory body
In the aftermath of the SEC statement on Initial Coin Offerings and their intent to crack down on issuers in breach of securities law we reached out to Morrison Foerster for commentary on the question as to when an ICO is in fact a security…. Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation, Strategy | Tagged alfredo silva, howey test, ico, initial coin offering, legal, morrison foerster, regulation, sec, securities and exchange commission
The Securities and Exchange Commission published a report this week that rattled the hot Initial Coin Offering (ICO) sector is still being ingested by both platforms and companies looking to offer bespoke tokens. But as the SEC fired shots across the bow of the ICO… Read More
Read more in: Investment Platforms and Marketplaces, Blockchain & Digital Assets, Offerings | Tagged bitbounce, credo, howey test, ico, regulations, sec, stewart dennis, tim draper
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