Enforcement

U.S. SEC Encourages Self-Reporting in ICO Registration Violation Case

On February 20, 2019 the U.S. Securities and Exchange Commission (“SEC”) reached a settlement with Gladius Network LLC for conducting an unregistered initial coin offering (“ICO”), which the company self-reported

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Enforcement, ICO, SEC, US

A Series Of 1st-Time Crypto Actions For The SEC

On December 17 we published an article in Law360 describing the SEC’s busy November in which it secured three “firsts” in its crackdown on unlawful digital activity: (1) its first

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Enforcement, ICO, SEC, US

LabCFTC Releases Primer on Smart Contracts

LabCFTC, the FinTech engagement arm of the Commodity Futures Trading Commission (CFTC), this week released a primer on smart contracts that provides examples of contract logic, describes a decentralized blockchain,

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CFTC, Cryptocurrency, Enforcement, US

SEC Takes First Step in Cracking Down on Digital Token Trading Platforms

On November 8, the SEC settled charges against Zachary Coburn, the founder of EtherDelta, a digital token trading platform.  This is the SEC’s first enforcement action against an entity for

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Cryptocurrency, Enforcement, Exchanges, SEC, US

Texas Takes Action Against Cryptocurrency Schemes

Texas has been one of the more active US states in combating fraudulent ICOs and cryptocurrency scams.  Earlier this week

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Cryptocurrency, Enforcement, Texas, US

New York Court Rules Criminal Case Involving Violations of Securities Fraud Can Go Ahead

On Tuesday, September 11, a New York Federal Judge rejected a defendant’s argument that he cannot be prosecuted because the

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Cryptocurrency, Enforcement, ICO, US

FINRA Charges Broker for Securities Fraud and Unlawful Distribution of an Unregistered Cryptocurrency Security

On Tuesday, September 11, the Financial Industry Regulatory Authority (“FINRA”) took its first disciplinary action against an industry professional, charging

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Enforcement, FINRA, Securities, US

U.S. SEC Charges Two With Illegal Sales of Blockchain Company Stock

On July 2, the U.S. Securities and Exchange Commission charged two men with the illegal sale of securities related to

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Enforcement, SEC, US

U.S. Court Applies Core Securities Principle to Cryptocurrency

On June 25 U.S. federal Chief Magistrate Judge Andrea Simonton issued a Report and Recommendation concluding that Centra Tokens, issued

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Cryptocurrency, Enforcement, ICO, US

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