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 it took three separate actions. According to the Emergency Cease and

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Cryptocurrency, Enforcement, Texas, US

Additional First-Of-Their-Kind Enforcement in the U.S.

Last week we reported that FINRA brought its first-ever disciplinary action in the cryptocurrency space.  But there were also two other first-of-their-kind enforcement actions last week by the U.S. SEC.

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Cryptocurrency, ICO, SEC, 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 digital coins he sold were not securities. Maksim Zaslavskiy is

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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 a broker, Timothy Tilton Ayre, with securities fraud and the

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Enforcement, FINRA, Securities, US

SEC Rejects Nine Applications to List Exchange-Trade Funds

On August 22, the Securities and Exchange Commission (“SEC”) issued three separate orders rejecting multiple applications which would have allowed

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Exchanges, SEC, US

OpenFinance Launches Regulated Trading System for Security Tokens

OpenFinance announced earlier this week that it had launched the first US-based regulated security token trading platform.  As has been

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Security Token, US

Lawsuit Brought Against Mark Cuban-Backed Unikrn ICO

Unikrn is an esports gambling startup associated with that raised approximately $31 million through an initial coin offering (“ICO”) in

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ICO Litigation, SEC, US

SEC Bars Perpetrator of Tomahawkcoin ICO Fraud

On August 14, the U.S. Securities and Exchange Commission (the “SEC”) recently obtained permanent officer-and-director and penny stock bars against

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ICO, SEC, US

Ohio Passes Blockchain Legislation

Last Friday, August 3, Ohio became the latest U.S. state to formally recognize blockchain technology.  Ohio’s Uniform Electronic Transactions Act

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Smart Contracts, US

SEC Rejects the Winklevoss Twins’ Bitcoin Fund

Last year, the SEC rejected an application by Cameron and Tyler Winklevoss for what would have been the first-ever Bitcoin

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Bitcoin, Cryptocurrency, SEC, US

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