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Everything you wanted to know about crypto offerings but were afraid to ask With Securities and Exchange Commission Chair Jay Clayton making the public announcement last July he believes every ICO he’s seen is a security, every company in the cryptocurrency, blockchain and token world was put on notice that raising capital by selling coins or tokens was entering a different phase in the United States. As a result, securities lawyers like Washington DC-based attorney Kendall Almerico, have bee...

A Securities and Exchange Commission (SEC) civil lawsuit has been filed against five individuals allegedly involved in promoting BitConnect's "lending

Reports Analyze Bitcoin Price Crash and Network Energy Consumption By: A well-known blockchain analytics company has issued a report commenting on this week’s crash of the prices of cryptocurrency, including bitcoin. The report suggests there are significant differences between this week’s price decline and declines in prior years such as the major price declines in March 2020 and December 2017. According to the report, among other things the differences include the very large investments ...

Government should enable traceability on crypto-currency investments: IndiaTech.Org 1 day ago IndiaTech.Org, also known as the Technology Services Industry Association, has advocated for traceability provisions to be introduced for crypto-currency investments and trading to counter money-laundering and illegal activity . In a white paper, submitted to the Indian Government, the industry body representing internet startups said that the government should regulate crypto-currencies by recognisin...

NFTs and digital art blockchain: Is blockchain’s digital token new frontier its brightest? So here we are. Two years on and a little deflated. While unregistered or non-exempt token offerings were started with great fanfare, reaching their crescendo in 2017 with the wild-west of unregistered ICOs shot down O.K. Corral-style by the SEC, followed by the utility being sucked out of utility tokens, we have now arrived at the third blockchain marvel attracting ever-increasing interest, and, dare w...

To embed, copy and paste the code into your website or blog: In the intersection of financial markets and the internet, sometimes it seems like the only certainty in the year of cryptocurrency and “meme stocks,” like GameStop and AMC, is the continuing legal haze of cryptocurrencies. In 2019, the SEC’s FinHub released a Framework for ‘Investment Contract’ Analysis of Digital Assets (“Framework”). However, far from illuminating the path to regulatory compliance for token and virtua...

To embed, copy and paste the code into your website or blog: The State of Wyoming is solidifying its position as the friendliest state in the US for digital asset innovation. Although comprehensive digital asset regulation at the federal level remains elusive, US states are angling to establish themselves as blockchain and crypto-friendly jurisdictions. At the forefront stands Wyoming, with a track record of fostering digital asset-friendly policies. Most recently, on April 21, 2021, Wyoming’...

To print this article, all you need is to be registered or login on Mondaq.com. "Decentralization" is a concept that has consistently vexed the entire blockchain-enabled ecosystem in the U.S., including its counsel and regulators, wherein a lack of clarity on the exact definition of decentralization has left relevant stakeholders routinely talking past one another. As such, market participants have been eagerly waiting for the U.S. Securities and Exchange Commission (the...

Regulators need to think fast in cryptocurrency era In the rapidly evolving world of cryptocurrency and blockchain technology, regulators have to become very curious and adapt on the fly by using existing statutes, Livia Benisty said. Ms. Benisty is the head of financial crime at ComplyAdvantage, a regtech startup eliminating financial crime by empowering organizations to more quickly make intelligent risk decisions. The SEC was put in a tough position as the cryptocurrency industry began to gr...

Analysis When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive.  As of mid-April, XRP had increased 532% over the previous 12 months, and things also took a favorable turn recently in the SEC lawsuit, with the defendants p...