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Vermont Orders Cease and Desist to Cryptocurrency Company

In an earlier post, we reported on the North American Securities Administrators Association (NASAA)’s Operation Cryptosweep, coordinated series of enforcement actions by state regulators to crack down on fraudulent cryptocurrency-related

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Cryptocurrency, ICO, Litigation, US

SEC Hits Another Fraudulent ICO

On May 29 the Securities and Exchange Commission (“SEC”) announced it had obtained a court order halting the ICO of BAR, a coin developed by Michael Stollery, commonly known as

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ICO, Litigation, SEC, US

State Regulators Launch ‘Operation Cryptosweep’ to Combat Fraudulent ICOs

In a press release issued on May 21, The North American Securities Administrators Association (NASAA)t announced one of the largest coordinated series of enforcement actions by state and provincial securities

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ICO, Litigation, US

U.S. Court Denies Injunction Request Against Alibaba Cryptocurrency Creator for Lack of Personal Jurisdiction

Defendants in this case created a cryptocurrency called Alibabacoin and used the Alibaba name on its alibabacoinwallet.com websites, Facebook page, and phone applications.  Online retailer Alibaba sued for infringement of

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Cryptocurrency, Litigation, SEC, US

U.S. SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin

The U.S. Securities and Exchange Commission obtained a court order freezing more than $27 million in trading proceeds from allegedly

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Cryptocurrency, Litigation, SEC, Securities, US

Class Action Lawsuit Brought Against Nano

A class action lawsuit was brought today on behalf of investors in Nano f/k/a RaiBlocks (XRB), alleging, according to the

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Cryptocurrency, ICO, Litigation, Securities, US

U.S. SEC Brings Civil and Criminal Charges Against Founders of Centra Cryptocurrency Firm

The U.S. Securities and Exchange Commission announced today that it charged two co-founders of a purported financial services start-up with

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Cryptocurrency, ICO, Litigation, SEC, Securities, US

Massachusetts Regulator Halts Five ICOs

The office of Massachusetts Secretary of State announced today that it had halted ICOs from five companies, claiming that the

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ICO, Litigation, Securities, US

U.S. FTC Shuts Down Promoters of Deceptive Cryptocurrency Schemes

At the request of the Federal Trade Commission, a federal court has halted the activities of four individuals who allegedly

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Cryptocurrency, Litigation, US

Court Affirms CFTC Jurisdiction Over Cryptocurrency

As early as September 2015, the CFTC took the position that virtual currencies such as Bitcoin are commodities. See In re

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CFTC, Cryptocurrency, Litigation, US

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