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SEC/FINRA Joint Statement on Digital Asset Securities Does Not Address Regulatory Log Jam


Last week, the Staffs of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) (collectively, the ... Read More

The SEC Can’t Keep Kik-ing the Crypto Can

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The SEC’s Action On June 4, 2019, the SEC sued Kik Interactive Inc. (“Kik”), a privately held Canadian company, in ... Read More

FinCEN’s New Guidance for Cryptocurrency Businesses – Some Questions Answered, Some New Questions Raised, Careful Consideration a Must


Earlier this month, the Financial Crimes Enforcement Network (FinCEN) released new guidance to clarify when the Bank Secrecy Act (BSA) ... Read More

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

FinCEN Shows a Little Bite to Go with Its Bark


Last week, the Financial Crimes Enforcement Network (FinCEN) backed up its strong public statements about enforcing the anti-money laundering (AML) ... 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
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