Tagged: lewis cohen

Senator Kirsten Gillibrand and Senator Cynthia Lummis Officially Release Legislation for Digital Asset Regulatory Framework

Senator Kirsten Gillibrand and Senator Cynthia Lummis have officially revealed legislation aiming to create a regulatory framework for the burgeoning digital asset industry. The two Senators have worked for many months on the language of the bill. The legislation has long been rumored with a… Read More

Ripple Asks SEC to Share Digital Asset Transactions of Employees. Will the Legal Strategy Work?

The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple and its founders continues to work its way through the halls of justice.  While the SEC continues to pursue its belief that XRP (the digital currency created by Ripple) has always been… Read More

Are NFTs the New ICO? Could NFTs be Deemed Securities? A Top Digital Asset Attorney Explains

It is hard not to know something about the booming Non-Fungible Token or NFT market. Following Beeple’s sale of a digital work of art “Everydays—The First 5000 Days,” auctioned by Christie’s for a whopping $69 million, NFTs officially became a “thing” with non-stop coverage on… Read More

Block.one, Creator of EOS, Settles with the SEC. Was it a Slap on the Wrist? Did EOS Get a Pass from the Feds?

Earlier this week it was announced by the Securities and Exchange Commission (SEC) that it had settled with Block.one, creator of EOS, regarding allegations of issuing unregistered securities during an initial coin offering (ICO) that raised a record-breaking $4 billion. The fine assessed by the… Read More

Attorney Lewis Cohen of DLXLaw Discusses Pocketful of Quarters Digital Asset No Action Letter from SEC

DLXLaw, a boutique law firm that specializes in blockchain and smart contracts, recently helped a digital asset issuer receive a no-action letter (NAL) from the Securities and Exchange Commission (SEC). By receiving the NAL, the issuer, Pocketful of Quarters, received an implicit green light to… Read More

Kik Responds to SEC Enforcement Action: “the Commission’s Complaint reflects a consistent effort to twist the facts”

Kik Interactive has responded to the Security and Exchange Commission’s (SEC) enforcement action alleging the sales of unregistered securities. The legal fisticuffs are being intently followed by the crypto industry and any decision may impact the entire US digital asset industry. Earlier this year, a… Read More

Pocketful of Quarters Comments on SEC No-Action Letter Pertaining to Non Security Tokens

Quarters on Republic

Following the Securities and Exchange Commission (SEC) no-action letter for their blockchain based “Quarters” tokens made for the game industry, Pocketful of Quarters (PoQ) has issued a statement on the decision. Pocketful of Quarters was the concept of 13-year-old founder & Chairman, George B. Weiksner…. Read More

Prominent Cryptocurrency Attorneys Lewis Cohen and Angela Angelovska-Wilson Launch New Law Firm DLx Law

In a report today, it was announced that Lewis Cohen, formerly of white shoe law firm Hogen Lovells, and Angela Angelovska-Wilson, recently the GC of Digital Asset, have formed their own law firm targeting the blockchain industry. The new firm, DLx Law, is designed to “align… Read More

Munchee Halted: SEC Shuts Down Initial Coin Offering as an Unregistered Security

The Securities and Exchange Commission (SEC) has shut down an Initial Coin Offering (ICO) as conducting an unregistered securities offering. This is the first time the SEC has has halted an ICO where there were no allegations of fraud representing a new shift in approach… Read More

Legal Guidance on ICOs? Wall Street Blockchain Alliance will Publish Recommendations Soon

Initial Coin Offerings (ICOs), the hot crowdfunding market that uses tokenized securities based on cryptocurrencies, is still looking to gain its sea legs. While there have been multiple phenomenal ICOs, like the recent Filecoin home-run that raised over $200 million ($135 million in just one… Read More

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