In a novel transaction for the blockchain and mortgage industries, a blockchain-focused financial services company and an investment firm announced the completion of a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology. The
Law of The Ledger
Legal Issues with Blockchain and Cryptocurrency
Law of The Ledger, published by Sheppard, Mullin, Richter & Hampton LLP, focuses on legal developments and regulatory issues related to digital assets, blockchain technology, cryptocurrency, and fintech. The blog covers topics such as federal and state regulatory actions, digital asset custody, national trust bank charters for crypto firms, insider trading and fraud cases involving NFTs and cryptocurrencies, and the evolving legal landscape for online gaming and sweepstakes. It also addresses compliance challenges, enforcement trends, and the intersection of traditional financial regulations with emerging digital asset business models.
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President Biden Signs Executive Order Outlining Crypto Policy
By James Gatto
On March 9, President Biden signed a highly anticipated executive order outlining his administration’s cryptocurrency policy. We have previously blogged about the Biden administration’s working group on stablecoins and the Federal Reserve’s report on a potential U.S. central bank digital…
House Financial Services Committee Focuses on PWG Stablecoin Report
On February 8, the House Financial Services Committee held a hearing titled, “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets” to consider legislative recommendations from the President’s Working Group (PWG) report on stablecoins (we…
SEC Proposed Amendments Could Significantly Impact DeFi Companies
By Sarah Aberg & Pouneh Almasi
US Crypto Regulatory Enforcement Ramps Up – NFTs Now More in Focus
By James Gatto
For the past decade the crypto space has been described as the wild west. The crypto cowboys and cowgirls have innovated and moved the industry forward, despite some regulatory uncertainty. Innovation always leads regulatory clarity. There’s a new sheriff in…
SEC Targets NFTs
By James Gatto
For some time now we have cautioned companies to seek legal advice for certain business models relating to NFTs. According to a recent report, the SEC is now targeting certain NFT uses. According to the report, the SEC is…
Money Laundering and High-Value Art: Treasury’s Study Discusses Financial Crimes and NFTs
With the advent of blockchain technology, vendors are increasingly accepting payments of goods, including artwork, with digital currency. The decentralized nature of digital currency makes it attractive for a lot of reasons, but it also makes legal oversight a challenge.…
Are You Well “Versed” in the Legal Issues with Metaverses?
By James Gatto
As frequently as you heard “NFTs” in 2021, you will hear “metaverse” in 2022. The common denominator with these topics is that both heavily leverage blockchain technology. The other common denominator is that both NFTs and metaverses involve a long…
Are You Ready for Web3.0 and the Legal Issues it Will Bring?
The next evolution of the internet is quickly taking the world by storm. Web3.0 technologies, including NFTs and metaverses, will see increasing adoption by businesses, governments, and all types of users. For companies or other entities becoming involved in the…
Blockchain Technology Is Changing The Real Estate Industry
On February 10, 2022, the first NFT-based property was bought through an auction on Propy, a blockchain-focused real estate company. The Florida home was sold for $653,163 worth of Ether, and the home’s property rights were minted as an…