Blockchain

SEC Exams To Focus On ICOs And Cryptocurrency

On February 7, 2018, the SEC’s Office of Compliance Inspections and Examinations (OCIE) announced its 2018 Examination Priorities.  In what comes as no surprise, the exam priorities include initial coin offerings (ICOs) and cryptocurrency, stating the following: “The cryptocurrency and ICO markets have grown rapidly and present a number of…

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Yahoo! Finance All Markets Summit: Crypto, Featuring Grant Fondo

The 2018 iteration of Yahoo! Finance’s All Markets Summit, taking place on Tuesday, February 7, 2018, will focus solely on cryptocurrency. From Bitcoin and blockchain to ICOs, in conjunction with CoinDesk, Yahoo! Finance will lead a series of conversations with CEOs, engineers, policy makers and legal experts on the growing…

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SEC and CFTC Enforcement Directors Issue Joint Statement Regarding Virtual Currency Enforcement Actions

On January 19, 2018, SEC Co-Enforcement Directors Stephanie Avakian and Steven Peikin and CFTC Enforcement Director James McDonald issued the following joint statement regarding virtual currency enforcement actions: “When market participants engage in fraud under the guise of offering digital instruments – whether characterized as virtual currencies, coins, tokens, or…

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FINRA Targets ICOs and Digital Currencies in Annual Broker Exam Priorities Letter

On January 8, 2018, the Financial Industry Regulatory Authority (FINRA) released its 2018 Annual Regulatory and Examination Priorities Letter (Exam Priorities Letter) for its broker-dealer members.  In the Exam Priorities Letter, FINRA addresses initial coin offerings (ICOs) and digital currencies, stating the following: “FINRA will closely monitor developments in this…

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See You At TokenFest!

Goodwin is a proud sponsor of TokenFest, taking place March 15 & 16, 2018 in San Francisco, CA. Mitzi Chang, a partner in Goodwin’s Digital Currency + Blockchain Technology practice, will be a featured speaker on a panel of legal experts discussing compliance and regulation for token crowd sales. For…

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SEC Issues Cease and Desist Order and Further Guidance on ICOs

On December 11, 2017, the U.S. Securities and Exchange Commission (SEC) issued a cease-and-desist order to Munchee Inc. (Munchee), a company that was in the process of a $15 million initial coin offering (ICO), for selling unlicensed securities. The SEC found that the ICO targeted investors, with the expectation of…

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Goodwin's Fondo to Speak at MIT Club of Northern California Event on Blockchain + Cryptocurrency

Part of their “View From the Top” series, the MIT Club of Northern California will host a night of networking and an informative panel discussion titled “Blockchain, Bitcoin, Cryptocurrency and ICOs” on Wednesday, December 6, 2017 at the Intercontinental San Francisco. Panel discussion topics include: what is a cryptocurrency and…

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See you at BlockCon!

Goodwin is a proud sponsor of BlockCon 2017, taking place October 10-11, 2017 in Santa Monica, CA. Grant Fondo, Chair of Goodwin’s Digital Currency + Blockchain Technology practice, will moderate a panel on Wednesday, October 11th that includes 2 of the firm’s ICO clients, Scott Morgan of Nanome/Matryx and George…

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