On March 9, 2022, US President Joe Biden signed an unprecedented executive order directing federal agencies to coordinate their approach to clarifying cryptocurrency regulations. Sighs of relief were heard across the industry...more
3/11/2022
/ Biden Administration ,
Central Bank Digital Currency (CBDCs) ,
Consumers ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
Financial Services Industry ,
Investors ,
New Legislation ,
Regulatory Agenda ,
Technology ,
Virtual Currency
We invite you to attend McDermottTech 2021, a virtual conference exploring the latest global trends impacting the technology industry.
Please join us for this complimentary program on September 21, 2021, for the opportunity...more
8/18/2021
/ Banking Sector ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Digital Assets ,
Digital Currency ,
Financial Services Industry ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Ransomware ,
Smart Car ,
Smart Devices ,
Technology Sector ,
Webinars
On August 10, 2021, the Commodity Futures Trading Commission (CFTC) announced that the US District Court for the Southern District of New York entered a consent order against HDR Global Trading Limited, 100x Holding Limited,...more
8/12/2021
/ CFTC ,
Civil Monetary Penalty ,
Commodities ,
Cryptocurrency ,
Derivatives ,
Digital Assets ,
Enforcement Actions ,
FinCEN ,
Popular ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC)
A recent complaint concerning KIK Interactive Inc. filed in the US District Court of the Southern District of New York reveals some SEC priorities for cryptocurrency enforcement actions. The complaint indicates that the SEC...more
6/13/2019
/ Blockchain ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Initial Coin Offering (ICOs) ,
Investment Contract ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
In its long-awaited guidance, the Staff of the Securities and Exchange Commission recently provided a lengthy list of factors to consider when determining whether an initial coin offering (ICO) is a security. While the...more
4/10/2019
/ Blockchain ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Howey ,
Initial Coin Offering (ICOs) ,
Intellectual Property Protection ,
Internet Retailers ,
Investment Contract ,
Investors ,
New Guidance ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
The SEC Divisions of Corporation Finance, Investment Management, and Trading and Markets recently issued a statement addressing the SEC’s recent digital asset securities actions. This statement confirms the applicability of...more
US regulators have stepped up their activity in terms of enforcing the regulation of virtual currencies and on September 11, 2018, issued four relevant decisions: FINRA’s first disciplinary action involving cryptocurrencies;...more
The Director of the SEC’s Division of Corporation Finance William Hinman gave a speech in which he discussed whether a digital asset originally offered as a security can become something other than a security over time. The...more
Trading venues for blockchain tokens and other digital assets, such as exchanges and alternative trading systems and other liquidity providers are becoming subject to increased regulatory scrutiny from both federal and state...more