In a speech to the International Blockchain Congress on February 6, 2020, Securities and Exchange (“SEC”) Commissioner Hester Peirce, sometime referred to as “Crypto Mom,” proposed a three-year safe harbor for virtual currency token projects.  The safe harbor would exempt (i) the offer and sale of tokens from the provisions of the Securities Act of 1933, other than the antifraud provisions, (ii) the tokens from registration under the Securities Exchange Act of 1934 and (iii)… Continue Reading