SEC Investor Alert on Crypto Trading Websites
The SEC recently issued an investor alert warning about crypto advisory and trading websites. The alert cautions investors to be especially wary of web-based crypto-currency…
Blockchain & E-Transactions Law
FinCEN Announces Civil Monetary Penalty for Virtual Currency Exchanger
On April 18, 2019, the Financial Crimes Enforcement Network ("FinCEN") announced its first enforcement action against a peer-to-peer virtual currency exchanger. See FinCEN Penalizes Peer-to-Peer…
Congress Seeks to Add Formal Definitions to “Blockchain” and “Digital Token”
As the 116th Congress continues its work in the first session, several new and revived bills have been introduced concerning blockchain and cryptocurrencies. Two of…
FSB Releases G20 Crypto-Regulators Directory
The Financial Stability Board ("FSB") recently released a Crypto-assets Regulators Directory providing background and mandate information for the principal regulatory agencies touching upon digital-asset issues…
Old Is New: SEC Issues TurnKey Jet No-Action Letter
Late last week, the SEC issued a no-action letter widely hailed as its first on a blockchain-based digital token for private jet services. In its…
SEC Seeks Input On Custody Issues Arising From Digital Assets
This week, the SEC's Division of Investment Management issued a letter seeking industry and public input on custody issues arising from digital assets. The "Custody…
Congress Considering New Blockchain, FinTech Legislation
This term, Congress is set to consider several bills—each with bipartisan sponsorship—targeting the fields of blockchain, cryptocurrency, and fintech. This spurt of legislative activity indicates…
The SEC Solicits Blockchain Analysis Service
The Securities and Exchange Commission issued a Sources Sought Notice on January 31, 2019, seeking a private vendor "to support the goal of acquiring data…
The SEC’s State of Play on Cryptocurrency
In an article published in the latest issue of the Journal of Robotics, Artificial Intelligence & Law (RAIL), Tom Potter discusses the current state of…
Cryptocurrency Firm Bitwise Asset Management Seeks SEC Review of New Bitcoin ETF
According to an initial registration statement published on January 10, the cryptocurrency index fund provider Bitwise Asset Management has applied with the U.S. Securities and…