Goodwin Partner Kelsey Lemaster spoke to CoinDesk earlier this week, discussing the potential implications of tax reform on cryptocurrency companies and investors. To read the full article, click here.
Goodwin Partner Kelsey Lemaster spoke to CoinDesk earlier this week, discussing the potential implications of tax reform on cryptocurrency companies and investors. To read the full article, click here.
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…
On December 4, 2017, the Securities and Exchange Commission (the “SEC”) announced that it has filed charges against two individuals for their roles in the initial coin offering (“ICO”) of PlexCoin Tokens. The SEC charged Dominic Lacroix and Sabrina Paradis-Royer with engaging in an ongoing securities fraud and the unlawful…
On August 30, 2017, the Israeli equivalent of the U.S. Securities and Exchange Commission, the Israeli Security Authority (“ISA”) announced it had formed a committee to study whether, and how, to apply Israeli securities laws to initial coin offerings (“ICOs”). Specifically, the ISA stated it would examine six issues related…
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…
During a speech on November 8th at the 49th Annual Institute on Securities Regulation, Securities and Exchange Commission Chairman Jay Clayton discussed initial coin offerings, stating that he had “yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security,” seeming to indicate increased SEC…
Kelsey Lemaster, Partner in Goodwin’s Tax and Digital Currency + Blockchain Technology groups, will be a featured speaker at Consensus: Invest 2017, taking place on Tuesday, November 28th at the New York Marriott Marquis. CoinDesk is hosting what it’s billed as the “World’s first digital asset investor outlook event.” At the…
Pursuant to its LabCFTC initiative, the regulator issued a FinTech Primer on virtual currencies, including addressing the jurisdictional reach of the CFTC and the SEC (and potential overlap). Several questions remain regarding the already uncertain status of ICOs under the federal securities and commodities laws and regulations. WHAT HAPPENED? On…
On September 25, 2017, the Securities and Exchange Commission (SEC) announced the launch of its new Cyber Unit. Drawing on the existing cyber experience of the SEC’s Enforcement Division, and including personnel from around the country, the Cyber Unit will target cyber-related misconduct in the following areas identified by the…
Digital Currency + Blockchain Perspectives has been selected to compete in The Expert Institute’s Best Legal Blog Competition. From a field of hundreds of potential nominees, Digital Currency + Blockchain Perspectives has received enough nominations to join the one of the largest competitions for legal blog writing online today. Now…