Tagged: perspective

August 27, 2018 @ 8:13 pm By Samuel Guzik  |  

President Trump:  It’s High Time for a few More Tweets to SEC Chairman Jay Clayton Any good litigator can tell you that the difference between success and failure is often the ability to ask the right questions – at the right times – and asking… Read More

August 26, 2018 @ 6:00 pm By Steven McClurg  |  

The SEC Rejects Bitcoin ETF Proposals. The SEC has rejected nine more Bitcoin ETF proposals, one of them from a fairly well-established ETF distributor, ProShares.  The ProShares filing was due for comments on Thursday, but the SEC promptly responded a day early, as well as… Read More

August 26, 2018 @ 4:12 pm By Cali Haan  |  

Turkish-American economist, professor and blockchain/crypto skeptic Nouriel Roubini spent the 25-minutes allotted him as an opening speaker at BlockShow Vegas this week systematically taking down the sacred cows notions of blockchain crypto. Roubini also had choice words for so-called utility tokens, which he characterized as… Read More

August 24, 2018 @ 7:30 am By Onki Kwan  |  

The vision Behind Regulation Crowdfunding Regulation Crowdfunding (Reg CF) allows any business to raise up to $1.07 million without a public registeration with the Securities Exchange Commission (“SEC”). The idea behind Regulation Crowdfunding is to enable small businesses and startups to leverage the advertising power… Read More

August 23, 2018 @ 7:31 pm By JD Alois  |  

Marcus began its existence as a mere online lender seeking to provide consumers with affordable credit all online. But as time moves on, it is becoming more clear that Marcus is being positioned as not just providing loans but becoming the bank of the future:… Read More

August 22, 2018 @ 11:07 pm By Christopher Sands  |  

Lawyers are being pulled into crypto startups at an astonishing rate.  On nearly a daily basis, we are seeing high quality founders / projects seeking to hire lawyers in the space.  Over the last month, our General Counsel network has seen no less than ten… Read More

August 21, 2018 @ 10:49 pm By JD Alois  |  

Last week, CI reported on a class action lawsuit filed against Unikrn and their initial coin offering (ICO). The company raised approximately $30 million in an ICO in late 2017. Unikrn was founded by Rahood Sahul, who is no neophyte when it comes to tech and venture capital…. Read More

August 20, 2018 @ 8:24 pm By JD Alois  |  

The initial coin offering (ICO) frenzy is a starting to move beyond its toddler years. After a slow start, ICOs rocketed into public awareness with high profile funding rounds and ridiculous scams accompanied by heightened speculation on unregulated crypto exchanges. Crowdsales generated offerings in the… Read More

August 19, 2018 @ 5:46 pm By Steven McClurg  |  

2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper.  ICOs were launched… Read More

August 16, 2018 @ 6:13 pm By Dror Futter  |  

Summary:    The SEC has issued a Cease & Desist Order and sanctions against a token issuer and its founder.  Among several findings, the SEC determined that the “Bounty Program” run by the issuer constituted a securities offering.  The Order states “a ‘gift’ of a… Read More

August 15, 2018 @ 4:22 pm By JD Alois  |  

Even while crypto is tanking inciting fears of crypto doom, Coinbase marches onward ignoring the daily vacillations of the market. In a report from Bloomberg today, Coinbase CEO Brian Armstrong shared that during 2017 they were signing up a whopping 50,000 each and every day. He… Read More

August 14, 2018 @ 10:03 am By JD Alois  |  

At the end of July, the US Department of Treasury published a wide-sweeping document on Fintech innovation in the US and what must be done to boost innovation in financial services. While much of the document addressed much needed regulatory reform and overlapping state and… Read More

August 14, 2018 @ 7:47 am By Chris Hancock  |  

The Financial Conduct Authority will Update Rules for Loan Based Crowdfunding. Crowd2Fund CEO Chris Hancock Shares His Perspective. The growth and success of P2P lending, and its positive effect on the UK economy, cannot be disputed. Initially starting out as curiosity during the depths of… Read More

August 10, 2018 @ 6:55 pm By JD Alois  |  

This week, at an event in Chicago that focused on legal questions swirling around the emerging cryptocurrency industry, FinCEN Director Kenneth Blanco delivered a much anticipated speech regarding his agency’s thoughts on digital assets and virtual currencies. FinCEN is part of the US Department of… Read More

August 6, 2018 @ 7:49 pm By JD Alois  |  

“small businesses are still shut out from equity crowdfunding due to the current regulatory constraints.” Recently, a group of prominent small business advocates and crowdfunding industry insiders sent a letter to Securities and Exchange Commission (SEC) Chairman Jay Clayton. The group, which included representatives of… Read More

August 5, 2018 @ 8:36 pm By Samantha Hurst  |  

Darren Marble, CEO and founder of CrowdfundX, a firm that provides a modern spin on financial marketing for the new world of Fintech and online capital formation,  recently commented on the trends and observations in the U.S. security token market. In the write up, Marble made various… Read More

August 4, 2018 @ 3:34 pm By Ian Formigle  |  

Equity crowdfunding for startups was supposed to be a game-changer. The excitement began in 2013 when Title II of the JOBS Act gave individuals who met certain requirements for income or net worth—called accredited investors—the ability to invest in some types of assets that had… Read More

August 3, 2018 @ 8:33 am By JD Alois  |  

After years of discussion, and multiple attempts by traditional finance to block a Fintech Charter offered by the Office of the Comptroller of the Currency (OCC), in a surprise move the OCC announced this week it would begin accepting applications from Fintechs to gain a… Read More

August 2, 2018 @ 4:08 am By Cali Haan  |  

  House Representative Bill Huizenga of Michigan told Bloomberg July 27th that American regulations may need to be modernized to support crypto industries and ensure that retail investors get a piece of the action. “We’ve seen so much more of the capital getting locked up into… Read More

July 30, 2018 @ 3:41 pm By JD Alois  |  

The Chamber of Digital Commerce’s and their Token Alliance, an initiative of more than 350 blockchain and token experts from around the globe, has published a set of guidelines to help shape the responsible growth of the token and initial coin offering (ICO) markets. The document called Understanding Digital Tokens:… Read More