The Securities and Exchange Commission (“SEC”) issued a cease-and-desist order on August 28, 2023, charging Impact Theory, LLC (“Impact Theory”) with conducting an unregistered offering of crypto asset securities in violation...more
9/8/2023
/ Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Ethereum ,
Howey ,
Investment ,
Investors ,
Non-Fungible Tokens (NFTs) ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Tokens
In the latest decision evaluating the application of federal securities laws to the digital asset context, Judge Jed S. Rakoff of the United States District Court for the Southern District of New York (“SDNY”) ruled in favor...more
8/23/2023
/ Cryptoassets ,
Digital Assets ,
Howey ,
Investment ,
Investment Contract ,
Liquidity ,
New York ,
Profits ,
Registration Requirement ,
Ripple ,
Securities ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Token Sales