Popular, Financial Markets, Digital Assets

Key Takeaways from the BIS Innovation Summit 2024

Hogan Lovells on 5/10/2024

The BIS Innovation Summit 2024, which took place over 6-8 May 2024, was in turns both an inspiring and surprising event. This article sets out a summary of the key takeaways from the summit....more

Blockchain Analysis and Related Expert Testimony Admissible In Criminal Trial

Ballard Spahr LLP on 3/19/2024

It is challenging for law enforcement to track down and trace illicit activities conducted through digital currencies. The process can be very time- and resource-intensive. Further, securing charges and arrests, and...more

Two New Rulings from the SDNY with Mixed Messages for Crypto: Potential Implications for Regulation of the Crypto Industry

Wilson Sonsini Goodrich & Rosati on 9/8/2023

A pair of recent rulings from the Southern District of New York (SDNY) have potentially increased confusion around the regulatory status of crypto asset regulation—but may also provide some interesting signs of what’s to...more

SEC Cryptocurrency Enforcement: June 2023 Update

Cornerstone Research on 7/26/2023

As of June 6, the SEC has brought 24 cryptocurrency enforcement actions between litigations and administrative proceedings. The number of cryptocurrency enforcement actions brought by the SEC in 2023 is advancing at a record...more

Blockchain+ Bi-Weekly - June 2023 #2

Polsinelli on 6/30/2023

The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more

The Payments Newsletter including Digital Assets & Blockchain, May/June 2023

Hogan Lovells on 6/19/2023

Key developments of interest over the last two months include: the UK PSR publishing a policy statement on its new reimbursement requirement to fight APP fraud; the Australian government confirming its strategic plan for the...more

Economic Report of the President to the Crypto Industry: Thanks, But No Thanks

Jones Day on 4/5/2023

In Short - The Situation: For the first time, the Economic Report of the President (the "Report") includes a chapter on digital assets....more

NFTs Hit the Mainstream—And Risk Follows

Woodruff Sawyer on 10/28/2022

Nonfungible tokens, or NFTs, burst into our collective imagination with the auctioning of Crypto Punks and Bored Ape Yacht Club illustrations in 2021. Initially minted and launched in April 2021, the NFTs quickly rose in...more

[Webinar] State of Crypto Market in Argentina and Lessons from the US and Europe - September 21st, 10:00 am - 11:30 am ET

Hogan Lovells on 9/12/2022

Blockchain technology, decentralized finance, and new forms of cryptoassets have a transformational impact on the financial market as we know it. Despite early adoption of cryptocurrencies in Argentina, its central bank is...more

The Distributed Ledger: Blockchain, Digital Assets and Smart Contracts

Skadden, Arps, Slate, Meagher & Flom LLP on 8/25/2022

A flurry of legal and enforcement activity has arisen over the last two weeks across a wide range of areas in the Web3 space, including actions by the Securities and Exchange Commission, the Office of Foreign Assets Control,...more

Crypto Litigation Claims, Defenses Industry Should Watch

Bilzin Sumberg on 8/12/2022

Cryptocurrency companies face a steadily growing number of lawsuits, adding to a list of recent headaches for their industry. That list includes steep recent declines in investment value and a high probability of new...more

Crypto Turbulence Leaves Celsius Network Account Holders and Creditors Voyaging Through Uncharted Chapter 11 Bankruptcy Waters

Law Matters on 7/19/2022

Crypto business and cryptocurrency market participants – even without a stake in this case – will be well served paying close attention to the Celsius bankruptcy to witness the crypto legal and regulatory framework continue...more

In Depth: Regulation and Enforcement of the Digital Assets Markets, Part Two – Focus on Enforcement

Cadwalader, Wickersham & Taft LLP on 7/18/2022

In last week's Cabinet News and Views, we examined the U.S. regulators' approach to the digital asset space, with a focus on the assertion of jurisdiction by the CFTC, the SEC, prudential regulators, state executive and...more

Crypto and NFT Asset Security

The Rodman Law Group, LLC on 7/11/2022

In June, OpenSea revealed user email addresses were compromised due to vendor employee error. As virtually all NFT investors do, if you have an OpenSea account then you likely had your email address leaked in late June due to...more

NFT fraud: the English court recognises NFTs as ‘property’ and makes proprietary interim remedies available to protect investors

Dechert LLP on 6/29/2022

In an important ruling, the English High Court has recognised for the first time that there is an arguable case that non-fungible tokens (NFTs) are to be treated as property under English law. This means that the powerful...more

No Foolish Transactions: A Few Guidelines for NFT Marketplace Participants to Mitigate Anti-Money Laundering Risks

Wilson Sonsini Goodrich & Rosati on 5/24/2022

The global NFT (non-fungible token) market now is worth dozens of billions of dollars annually. Innovators and early adopters, marketplaces, and sellers, are all eager to join this market but may have questions about how to...more

Are NFTs Securities? Analysis of the NBA Top Shot Litigation and Other NFT-Related Actions

Patterson Belknap Webb & Tyler LLP on 3/30/2022

NFTs, or “non-fungible tokens,” are in the headlines. Artists, politicians, and celebrities, along with everyday internet users, have been selling and trading various forms of the digital asset, sometimes earning millions of...more

NFTs: Gateway to Financial Independence or Litigation Risk?

Brownstein Hyatt Farber Schreck on 3/2/2022

NFTs—or “nonfungible tokens”—are everywhere. What was once seen as a collectors’ item for crypto geeks and LeBron James TopShop fanatics is now gaining popularity with a much wider audience. Take the recent example of the...more

Is Regulation of NFTs to Combat Financial Crime on the Horizon?

Wilson Sonsini Goodrich & Rosati on 2/24/2022

On February 4, 2022, the United States Department of the Treasury (the Treasury) issued a report titled, "Study of the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art." The report...more

A U.S. Central Bank Digital Currency? The Federal Reserve Opens the Discussion

Dechert LLP on 2/11/2022

The Board of Governors of the Federal Reserve on January 20, 2022, published a discussion paper (the “Paper”) concerning the possibility of creating a central bank digital currency (“CBDC”). The Paper discusses the uses,...more

Video Game NFTs: Top Legal Considerations for Developers

Wilson Sonsini Goodrich & Rosati on 2/11/2022

The qualities of non-fungible tokens (NFTs), including digital scarcity, immutable persistence, and transferability on a blockchain, make NFTs an attractive technology to integrate into video games. NFTs have been implemented...more

NFTs—The Next Crowdfunding?

Brownstein Hyatt Farber Schreck on 1/21/2022

NFTs are one of the hottest new technology trends of this year. An NFT—or Non-Fungible Token—is a digital certificate, typically encrypted and verifiable on the blockchain. Few have escaped the NFT headlines over the last few...more

NFT Initiatives Launch, Congress Writes to CFTC on Crypto, SEC Charges ICO Fraud Scheme, GAO Addresses Crypto ATMs, Reports...

BakerHostetler on 1/19/2022

From Music to Marketplaces: NFT Use Cases Continue to Expand - According to recent reports, a Philadelphia rapper has announced that the final installment of his mixtape series will drop as a non-fungible token (NFT). Details...more

Banks to Use Blockchain for FX; Avalanche Adds USDC; NFT Boom Continues; Regulators Address Crypto Ads, Derivatives; Reports...

BakerHostetler on 12/21/2021

Banks to Use Blockchain for FX Settlement, Avalanche Network Adds USDC - In a recent press release, two major banks announced an agreement to implement a new blockchain-based solution for the netting and settlement of matched...more

US Financial Services Firms Announce Crypto Initiatives; Crypto Firms Pursue LATAM Market; Products Launch in DAOs, NFTs; Exchange...

BakerHostetler on 12/13/2021

Multiple US Financial Services Firms Announce Cryptocurrency Initiatives - This week a major U.S. financial services firm announced the launch of a “Crypto Advisory Practice” that will leverage the firm’s work “with more than...more

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