Tezos Class Action Progresses Beyond the Motion to Dismiss Stage
Earlier this month the United States District Court for the Northern District of California issued its opinion denying several motions to dismiss, including one filed…
Blockchain & E-Transactions Law
SEC Disapproves of Proposed Rule Change for Winklevoss Bitcoin Trust
On July 26, 2018, the Securities and Exchange Commission issued a 92-page release disapproving of Bats BZX Exchange, Inc.'s ("BZX") proposed rule change which sought…
Consumer Financial Protection Bureau Announces Launch of “Regulatory Sandbox” for Blockchain Technology and Cryptocurrencies
Mick Mulvaney’s tenure as acting director of the Consumer Financial Protection Bureau ("CFPB" or "the Bureau"), a position he has held since November of 2017, is…
Where is Blockchain?: Jurisdictional Issues That May Affect Distributed Ledgers
A distributed ledger often referred to as blockchain or distributed ledger technology ("DLT"), has a wide variety of potential uses and is currently being touted…
Uniform Regulation of Virtual-Currency Businesses Act Offers States Regulatory Framework for the Virtual Currency Industry
I. Introduction Although the virtual-currency business industry is still in its infancy, the Uniform Law Commission ("ULC") sought to create a statutory structure for regulating…
IBM Launches Blockchain Network for Cross-Border Banking
In a press release in October of 2017, International Business Machines Corp. (IBM) announced the launch of IBM Blockchain, a blockchain banking solution to help…
Team of Banks Develops Blockchain Settlement System
UBS is leading a team of banks developing a blockchain-based system to enable financial markets to rapidly settle transactions and make payments. On August 31,…
Blockchain and the CFPB
Back in August 2014, the CFPB published a Consumer Advisory entitled, “Risks to consumers posed by virtual currencies.” In the Advisory, the CFPB informs consumers…
Tether: The Latest Cryptocurrency to Suffer Hack
The cryptocurrency Tether has recently announced that it has been the target of a hack causing the loss of approximately $30 million worth of its…
FinTech Update: Emerging Legal Trends Regarding Blockchain Technology
Over the course of the past few years, Blockchain technology – a platform that acts as a digital ledger for assets – has rapidly grown…