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NY AG Accuses Bitfinex and Tether of Covering Up $851 Million Loss in Investor Funds
On April 25, 2019, New York’s Attorney General secured a preliminary injunction against Bitfinex, a cryptocurrency trading platform, and Tether, ... Read More
NYDFS to Virtual Currency Exchange: Don’t Let the Door Hit You on Your Way Out
The New York Department of Financial Services virtual currency license is back in the spotlight after NYDFS announced that it ... Read More
The 2019 Token Taxonomy Act: A Path to Consumer Protection and Innovation Takes Shape
We’ve previously written that the Token Taxonomy Act first introduced to Congress by Representatives Warren Davidson (R-OH) and Darren Soto ... Read More
Three Yards and a Cloud of Dust: SEC Staff Provides Its “Plain English” Framework to Guide Future Discussions
The SEC chose a week that saw the price of Bitcoin spike by over $700 in an hour, kicking off ... Read More
The Beat Goes On: Division of Investment Management Seeks Input on the Impact of the Custody Rule on Digital Currency – and Vice Versa
As part of its ongoing examination of the Custody Rule, the SEC’s Division of Investment Management is seeking views from ... Read More
SEC’s Light Touch: An ICO Settlement Without a Penalty
In another first for the digital token industry, on February 20 the SEC announced a settlement involving a self-reported unregistered ... Read More
Appellate Court – Selling Bitcoin in Florida Requires a Money Services Business License
Following a recent opinion by a Florida appellate court, virtual currency dealers who do business in, from, or into Florida ... Read More
Blockvest II: Court Reverses Itself and Grants the SEC a Preliminary Injunction in the Face of Manifest Fraud
As we previously discussed, the SEC suffered a rare defeat in Securities and Exchange Commission v. Blockvest, LLC et al ... Read More
The Token Taxonomy Act: A Fatal Drafting Ambiguity
As we’ve previously written, the Token Taxonomy Act (TTA) is an ambitious and potentially impactful piece of legislation that, by ... Read More
FCA Proposes Guidance on Cryptoassets, but Questions Remain
In January, the UK's Financial Conduct Authority (FCA) released a consultation on potential guidance on cryptoassets that provides useful direction ... Read More
SEC and FINRA Confirm Digital Assets a 2019 Examination Priority
Recently, the Staffs of the SEC and FINRA announced their annual examination and regulatory priorities: the SEC’s Office of Compliance, ... Read More
Transactors in Digital Tokens – New Bill Offers Hope
On December 20, 2018, Representatives Warren Davidson (R-Ohio) and Darren Soto (D-Fla) offered some early holiday hope to digital token ... Read More
