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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

The CFTC Wants to Know More About Ether: Your Feedback Could Impact Ether Futures in 2019


The CFTC is giving the public an opportunity to influence its views as they relate to Ethereum, Ether or similar ... Read More

HMRC Publishes UK Tax Guidance on Cryptocurrency for Individuals


On December 19, HM Revenue and Customs (“HMRC”), the UK’s counterpart to the US Treasury, published long-awaited (and arguably long ... Read More

Getting Smarter: CFTC Publishes Smart Contracts Primer


The Commodity Futures Trading Commission (CFTC) has joined other agencies in explaining the crypto-related products potentially within its jurisdiction. LabCFTC ... Read More

Dragged to the U.S. Courts (Part 3): The Importance of a Valid Forum-Selection Clause


We have said it in both part 1 and part 2 of this series: for a U.S. court to exercise ... Read More

Despite Alleged Fraud, Judge Denies SEC’s Preliminary Injunction Request Based on Howey


Despite evidence of egregious fraud in the marketing of tokens, a judge in the U.S. District Court for the Southern ... Read More

Dragged to the U.S. Courts (Part 2): Avoiding Personal Jurisdiction as a Non-U.S. Blockchain Company


Without personal jurisdiction over a defendant, a court cannot exercise its powers. And when it comes to non-U.S. companies who ... Read More

Dragged to the U.S. Courts (Part 1): Jurisdiction and the Location of Blockchain Nodes


Following the 2017 ICO boom and the more recent declines in cryptocurrency prices, blockchain-related litigation has substantially increased. U.S. courts ... Read More