On January 5, 2022, the United States Securities and Exchange Commission announced its first enforcement action of the year concerning a fraudulent initial coin offering. This is the latest in a long list of enforcement actions by the SEC targeting unregistered digital asset offerings. The SEC charged Australian citizen Craig Sproule and two companies he founded, Crowd Machine, Inc. and Metavine, Inc., with making materially false and misleading statements in connection with an unregistered offer…
Latest Posts
- US SEC’s First ICO Fraud Charge of 2022 is Brought Against Crowd Machine
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- Smart Legal Contracts are Enforceable, Advises UK Law Commission
- Not Surprisingly, US SEC Rejects Spot Bitcoin ETF
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- US Government Report Seeks Congressional Regulation of Stablecoins
- The FATF Releases Highly Anticipated Updated Guidance for Virtual Assets and Virtual Asset Service Providers
Recent
In its first enforcement action in the cryptocurrency arena in 2022, on January 3, 2022, the United States…
As noted in our prior post featuring an article published in Bloomberg Tax authored by David Zaslowsky and…
The Law Commission has published its advice to the UK Government on smart legal contracts and concluded that…
As we have discussed previously, although there was hope when Gary Gensler was initially appointed Chairman of the…
Crypto advocates have worried for months about U.S. President Biden’s USD 1.2 trillion infrastructure bill, which includes tax…
On November 1, 2021, the President’s Working Group on Financial Markets issued its long-awaited “Report on STABLECOINS.” The…