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 discussed previously in this blog, although the U.S. SEC has

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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 October 2017.  Mark Cuban was one of the notable investors

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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 the founder of a company who perpetrated a fraudulent ICO

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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 states that “a record or contract that is secured through blockchain

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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

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

Cryptocurrency Regulation in the Crosshairs: SEC Staff Weighs In, But Is There More Than Meets the Eye?

In our article for Bloomberg Law, we discuss the legal questions arising out of the announcement by William Hinman (SEC

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Cryptocurrency, SEC, US

U.S. SEC Taking Additional Time to Determine Request to List Crypto-Related ETF

Last month we reported on an SEC decision to take additional time to consider whether to approve a request to

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Bitcoin, Cryptocurrency, SEC, US

U.S. Ethics Office Requires Executive Branch Employees to Disclose Crypto Holdings

Depending on which U.S. government  agency one looks to, cryptocurrencies can be a security (per the SEC), a commodity (per the

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Cryptocurrency, Ethics, US