All Eyes on Digital Assets
The price of Bitcoin recently topped $57,000. New York’s Attorney General issued an Investor Alert on Virtual Currency Risks, as did the SEC’s Division of…
SEC
Proposed SEC Rule 195 Token Incubation Safe-Harbor
SEC Commissioner Hester Peirce earlier this month proposed a draft SEC Rule 195 as a safe-harbor for developmental token offerings, providing a registration exemption for…
Renegade Pandas, Competitive Regulation and a Token Safe-Harbor?
In a July 30 speech in Singapore, SEC Commissioner Hester Peirce compared renegade red pandas’ penchant for life “outside the fence” to the Fin-Tech innovation…
POQ No-Action Letter: DLT “Arcade Tokens” Aren’t Securities
Last week, the SEC’s Corporate Finance division issued its second no-action letter supporting a digital token issue. On July 25, 2019, the Staff agreed it…
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 cryptocurrency…
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…
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…