A Wave of Lawsuits Looms For ICO Version 1.0 – Are You Prepared?

Bitcoin, Blockchain and the Law, ICO News, Regulation | April 20, 2018 By:

Initial coin offerings, or ICOs, have become a ubiquitous and much-discussed way for companies in the blockchain and digital currency space to fund themselves.  To date, by some estimates, more than $3 billion has been raised in ICOs, outpacing all venture capital raised in the United States in 2017.

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Silicon Valley Crypto Investors Asked SEC To Not Categorize ICO Tokens As Security

ICO News, News | April 20, 2018 By:

Silicon Valley venture capital firms Andreessen Horowitz and Union Square Ventures have reportedly urged the US Securities and Exchange Commission (SEC) to take an industry-friendly approach to initial coin offering (ICO) regulations.

According to the Wall Street Journal, the venture capital firms met with top officials of the SEC’s Division of Corporation Finance on March 28.

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The Legal Requirements For A Compliant ICO In The US Are Unclear – Dror Futter

Bitcoin, Blockchain and the Law, Blockchain, ICO News, Investing, Regulation | April 13, 2018 By:

Rimon Law partner Dror Futter runs The Blockchain Patent Chronicle, a blog which provides timely summaries of developments in blockchain/distributed ledger technology patents. The patents are the earliest public indication of research and development in the blockchain ecosystem.

Naturally, that bully pulpit provides a vehicle for some strong opinions on the state of blockchain and cryptocurrency.

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SEC Freezes $27 Million In Profits From Biz That Touted Crypto Company Purchase

Crime, News, Regulation | April 6, 2018 By:

The US Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals.

According to a complaint unsealed today in federal court in Manhattan,

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