ICO

SEC Obtains TRO Against Organizer of “Fraudulent” ICO

On August 13, 2019, the U.S. Securities and Exchange Commission announced on fraud charges against a Brooklyn individual and two entities under his control who allegedly engaged in a fraudulent

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ICO, SEC, Temporary Restraining Order (TRO), US

Australian Regulator Provides Update to ICO and Crypto-asset Information

Background The Australian Securities and Investments Commission (ASIC) has released an update to Information Sheet 225 Initial coin offerings and crypto-assets (INFO 225). These updates follow the Australian Treasury’s release

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Australia, ICO

Celebrities Mayweather and Khaled, Fined by the SEC, But Dismissed from Private Civil Lawsuit

We previously reported that, in November 2018, in a first of its kind case, the SEC charged  celebrities DJ Khaled and Floyd Mayweather with touting violations involving ICOs. Without admitting or

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ICO, Litigation, Touting, US

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

SEC’s Supposed Setback on Token Issue Now Reversed

In November 2018, a U.S. District Court declined to accept the SEC’s argument that an ICO token was a “security.” 

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ICO, SEC, US

Digital Currencies and Digital Tokens are Regulated as Securities Under Malaysian Securities Laws

Pursuant to the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 (the “Prescription Order“),

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Cryptocurrency, ICO, Malaysia

Blockchain Leadership Summit in Basel

On the 23rd and 24th November 2018, the Blockchain Leadership Summit was held in Basel, Switzerland. The participating leaders represented

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EU, ICO, Switzerland

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”

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Enforcement, ICO, SEC, US

US District Court Judge Holds Plaintiffs Made Sufficient Showing That Token Is Security to Survive a Motion to Dismiss

Recent posts have discussed proceedings brought by the SEC in connection with ICOs that violated the securities laws.  But private

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ICO, ICO Litigation, Litigation, US

SEC’S First Cases for Improperly Touting ICOs are Brought Against Celebrities DJ Khaled and Floyd Mayweather

The U.S. SEC has shown it seriousness in cracking down on noncompliant ICOs by pursuing enforcement in a number of

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ICO, SEC, Touting, US
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