Search Results for:

SEC Enforcement Broadens its Crypto Focus

Digital Currency Perspectives authors Alexis Coll-Very, Grant Fondo and Robert Tiefenbrun recently posted an alert regarding the SEC announcement that it settled charges against NVIDIA Corporation. The SEC has alleged that the company’s disclosures regarding the impacts of increased use of its gaming products by cryptocurrency miners were inadequate and…

Read More

FinCEN Issues Report Addressing NFTs

On February 4, 2022, the Treasury Department’s Financial Crimes Enforcement Network (FINCEN) jumped into the regulatory discussion about non-fungible tokens (“NFTs”)—more with a whisper than a bang—in a report on its Study of the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art. The report…

Read More

SEC Sues Ripple and Executives in Connection With Ongoing Sales of XRP

The SEC, in one of the Commission’s final acts under the leadership of Chair Jay Clayton, approved enforcement action aimed at Ripple Labs, Inc. (“Ripple”) and two of its executives, Brad Garlinghouse and Chris Larsen. The SEC filed its complaint on December 22, 2020 in the Southern District of New…

Read More

BitMEX Founder’s Charges Highlight Risks for DeFi

***This article was originally published in CoinDesk and can be found here – https://www.coindesk.com/bitmex-risks-for-defi  In October, the Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice (DOJ) filed enforcement actions against the entities and individuals that own and operate the Bitcoin Mercantile Exchange (BitMEX), a trading platform for cryptocurrency…

Read More

SEC Wins Injunctive Relief to Prevent Telegram's Distribution of $1.7B Worth of Cryptocurrency

In a recent decision in Securities and Exchange Commission v. Telegram Group Inc. and TON Issuer Inc., the United States District Court for the Southern District of New York granted a motion for a preliminary injunction by the United States Securities and Exchange Commission (“SEC”), thereby preventing the distribution to purchasers of…

Read More

Goodwin Releases Publication Covering Recent U.S. Regulatory and Legal Developments in Digital Currency + Blockchain

2019 was a year of significant regulatory and legal developments in digital currency + blockchain. The SEC issued its most comprehensive guidance to date with its Framework for “Investment Contract” Analysis of Digital Assets, followed that up with three “no action” letters for projects that in its view complied with…

Read More

SEC Director Clears Path for Secondary Sales of Security Tokens as Non-Securities, Declares Bitcoin and Ether Non-Securities

The Securities and Exchange Commission (SEC) finally provided some good news, and guidance, regarding permissible token sales. On June 14, 2018, William Hinman, Director of the SEC Division of Corporation Finance, speaking at the Yahoo Finance All Markets Summit: Crypto, shared remarks that filled in some gaps surrounding the security…

Read More

SEC Sues Longfin Over Trades Following Acquisition of Cryptocurrency Company

The Securities and Exchange Commission (SEC) last week sued Longfin Corp., a financial technology company that recently entered the cryptocurrency space, as well as Longfin’s CEO and three others affiliated with the company.  The complaint, filed in federal court in Manhattan, was unsealed on April 6, 2018, when the SEC…

Read More