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With Regulation on the Rise, Congressional Blockchain Caucus Steps Up to Test SEC’s Approach

Coming quickly on the heels of the Biden Administration’s Executive Order on Digital Assets, the Congressional Blockchain Caucus has signaled ... Read More

Executive Order on Digital Assets Means Industry-Shifting Regulation Is Closer Than Ever

On March 9, 2022, Bitcoin prices surged and many in the crypto community celebrated as the Biden administration announced a ... Read More

Get to Know This Acronym for a Crypto Regulatory Alternative: DAOs


Governmental authorities are moving toward tighter regulation on cryptocurrency projects. Decentralized autonomous organizations (DAOs) present a potential alternative, with many ... Read More

Non-U.S. Crypto and Other Money Services Businesses: Have Customers in the U.S.? Beware of AML and Sanctions Compliance Risk

Two recent guilty pleas involving a cryptocurrency exchange serve as a reminder to all money services businesses (“MSBs”)—including those ostensibly ... Read More

Proof-of-Stake Rewards: Payment for Services or a Baked Cake?

Against the backdrop of rapidly evolving blockchain technology, the IRS has oftentimes been slow to update its related tax guidance, ... Read More

2022 Is the Year of Sweeping Changes for Cryptocurrency and Other Digital Asset Transfers


What to look out for in the proposed new Chapter 12 of the Uniform Commercial Code (UCC) The world of ... Read More

Infrastructure Law Adds Important Crypto Provisions

The Infrastructure Investment and Jobs Act, enacted on November 15, 2021, also known as the Bipartisan Infrastructure Law (the “BIL”), adds many important ... Read More

The Next Step: FinCEN Proposes to Require Reporting of Cryptocurrency Positions Held in Foreign Accounts


FinCEN recently took another important step toward bringing virtual currency into the financial assets reporting scheme. Taxpayers that have $10,000 ... Read More

“But if You Fall, You Fall Alone” – The SEC Goes After Ripple

Seven years after Ripple Labs, Inc. first began to sell its digital asset XRP, the Securities and Exchange Commission on ... Read More

Word on the Street Is That Virtual Currency Is the “New Gold,” and it’s Swiftly Moving Up the IRS Watchlist

The IRS has been increasingly active in its effort to ensure that virtual currency does not become a tool for ... Read More

CFTC: Virtual Currency Creates Real Segregation Risks


Virtual currency presents risks to futures commission merchants (FCMs) when deposited by futures customers or cleared swaps customers to margin ... Read More

The SEC Gets its Kiks out of a Successful Application of the Howey Test

In a closely-watched cryptocurrency case, on September 30, the Southern District of New York ruled in favor of the SEC ... Read More