On Apr. 11, 2019, the plan d’action pour la croissance et la transformation des entreprises (Action Plan for Business Growth and Transformation act), also known as Loi PACTE, has introduced in French law the possibility for issuers of initial coin
Digital Currency + Blockchain Perspectives
Digital Currency + Blockchain Perspectives, published by Goodwin Procter, focuses on legal developments and regulatory issues in the digital currency and blockchain sectors. The blog covers enforcement actions, compliance requirements, litigation trends, and regulatory rule changes affecting cryptocurrency exchanges, digital asset commodities, and blockchain technology. It also discusses industry standards and frameworks such as those from the International Swaps and Derivatives Association (ISDA). The content addresses the intersection of financial regulation, anti-money laundering, market conduct, and emerging legal challenges in the evolving digital asset landscape.
Latest from Digital Currency + Blockchain Perspectives - Page 8
The Pros and Cons of Bank Holding Companies
Last week, Northeast Bank became the fourth banking organization in two years to eliminate its holding company. Previously, ZB, N.A. (now Zions Bancorporation, N.A.) (September 2018), BancorpSouth Bank (October 2017), and Bank of the Ozarks (June 2017) also eliminated their
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SEC Commissioner Hester Pierce Worries Agency’s Lag in Directing Token Industry Will Stifle Growth; FinCEN Issues Guidance on Virtual Currencies
On May 9, 2019, Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (“SEC”) expressed concern that the SEC is moving too slowly in providing meaningful guidance for the digital token industry. Commissioner Peirce acknowledged that the SEC has…
Consensus 2019: Check out Goodwin’s Sponsored Session “Perspectives on SEC Engagement Concerning Digital Assets”
Goodwin will be out in full force at Consensus 2019 taking place next week in New York. We are sponsoring an informative all-female panel featuring Goodwin Partner Meghan Spillane and Counsel Tami Goldberg, as well as guest speakers from…
SEC’s TurnKey Jet No-Action Letter Indicates Baseline for Utility Tokens
On Apr. 3, 2019, the SEC Division of Corporation Finance (“Division”) issued a no-action letter to TurnKey Jet, Inc. (“TKJ”) in response to TKJ’s incoming letter dated Apr. 2, 2019. At the same time, the Division released a paper…
The SEC Releases New “Framework” to Analyze Digital Assets under Securities Laws
On April 3, 2019, the Securities and Exchange Commission (“SEC”) released the “Framework for ‘Investment Contract’ Analysis of Digital Assets” (the “Framework”). The Framework—published by the SEC’s Strategic Hub for Innovation and Financial Technology (“FinHub”) —is the most comprehensive guidance…