On September 16, the United States Department of Justice (“DOJ”) released a report on the Role of Law Enforcement in Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets pursuant to President...more
A class action lawsuit filed by users of a decentralized finance (“DeFi”) protocol managed by a decentralized autonomous organization, or “DAO,” may shed light on the potential legal liabilities of a DAO and its...more
New York’s chief law enforcement agency recently squandered an opportunity to bring much needed guidance to the digital assets space. On October 18, 2021, the Office of New York Attorney General, Letitia James (“NYAG”),...more
11/30/2021
/ Cryptocurrency ,
Cybersecurity ,
Digital Assets ,
Enforcement Actions ,
New York ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
State and Local Government ,
Trading Platforms ,
Unregistered Securities ,
Virtual Currency
New York’s chief law enforcement agency recently squandered an opportunity to bring much needed guidance to the digital assets space. On October 18, the Office of New York Attorney General Letitia James (“NYAG”) issued a...more
11/11/2021
/ Cease and Desist Orders ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Transactions ,
Martin Act ,
New York ,
Regulatory Oversight ,
Securities ,
State Attorneys General ,
Unregistered Securities ,
Virtual Currency
The Office of New York State Attorney General Letitia James (“NYAG”) has filed a lawsuit to shut down technology company Coinseed. The state has accused the firm of selling unregistered securities in the form of digital...more
2/26/2021
/ Attorney General ,
Broker-Dealer ,
Cryptocurrency ,
Fraud ,
New York ,
Permanent Injunctions ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Trading Platforms ,
Unregistered Securities ,
Virtual Currency
Over the past couple of years, the crypto industry has come under heavy scrutiny from skeptical regulators seeking to root out fraud and protect investors amid the initial coin offering boom that generated over $4 billion in...more
10/31/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Coinbase ,
Cryptocurrency ,
Custody Rule ,
Department of Financial Services ,
Digital Assets ,
Digital Currency ,
ETFs ,
Exchange-Traded Products ,
Financial Institutions ,
Initial Coin Offering (ICOs) ,
Innovation ,
Investment Companies ,
Investors ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
State Regulators ,
Virtual Currency
On April 17, 2018, the New York State Attorney General (“NYAG”) sent a “Virtual Markets Integrity Initiative Questionnaire” to 13 companies operating virtual currency trading platforms. The questionnaire consists of 34...more
5/1/2018
/ Attorney General ,
BitLicense ,
Coinbase ,
Commodities ,
Cryptocurrency ,
Department of Financial Services ,
Initial Coin Offering (ICOs) ,
Policies and Procedures ,
Questionnaires ,
Regulatory Agenda ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Trading Platforms ,
Transparency ,
U.S. Treasury ,
Virtual Currency