Three longstanding policy issues facing cryptocurrency technology are being addressed by two new bi-partisian bills introduced in the House today: (1) the patchwork of state-by-state licensing of exchanges, (2) the...
A Judge has granted the SEC an injunction against the public distribution of Grams, tokens intended to be used on Telegram’s long-promised blockchain network. As we wrote in Coin Center’s...
In a speech in Chicago today, SEC Commissioner Hester Peirce unveiled a proposal to create a regulatory safe harbor for projects that raise funds in order to build decentralized, unowned...
The bill, titled the “Managed Stablecoins are Securities Act of 2019” (H.R. 5197), was introduced last week. It defines the term “managed stablecoins” and makes clear that products meeting the...
When Kik made public its Wells notice response in January, many folks asked us what we thought and whether we would be commenting on the matter. What we told anyone...
The Securities and Exchange Commission today released much-anticipated staff guidance “analyzing whether a digital asset is offered and sold as an investment contract, and, therefore, is a security.” What’s new...
We’re often asked whether that policy, articulated mid-last year by Director of the Division of Corporation Finance William Hinman, truly represents the policy of the Commission or whether it’s just the...
It recently released a “Statement on Digital Asset Securities Issuance and Trading” that uses the example of recent enforcement actions and settlements to illustrate how the securities laws will be...
The SEC has charged and settled with Zachary Coburn for operating an unregistered securities exchange, EtherDelta, in violation of Section 5 of the Exchange Act. This may come to a...
The “Expert Views” series of publications allows legal and technical practitioners in the cryptocurrency space to share their insight and opinions on cutting edge policy questions. The views expressed here...