Perkins Coie LLP is pleased to bring you this updated Digital Asset SEC Timeline. The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets. Beginning with the release of the DAO Investigative Report in July 2017, the Timeline includes relevant information for analyzing the offering, issuance, and trading of certain digital assets in the…

Weekly Focus: CFTC Releases Digital Asset Primer Coinbase Submits Form S-1 to the Securities and Exchange Commission CME Announces Ethereum Futures Product Launch in February 2021 Paxos Conducts $142 Million Series C Raise FinCEN Issues Notice of Proposed Rulemaking with New Recordkeeping and Reporting Requirements for Digital Asset Transactions Figure Applies for OCC Charter Compound Releases Whitepaper Describing Product to Add Interoperability Between Chains Germany Legalizes Electronic Securities on the Blockchain…

The Commodity Futures Trading Commission (CFTC) recently released a Digital Assets Primer that provides updated information to the public about emerging concepts in digital assets. The primer is part of a series issued by the CFTC’s innovation office, LabCFTC, and is the second to delve into issues surrounding digital assets. The Digital Assets Primer is a helpful high level overview of the digital asset marketplace, and regulatory considerations under the U.S. Commodity Exchange Act and…

Weekly Focus: Members of Congress Request SEC Clarity On Digital Securities Custody Digital Asset ‘Stacks’ Plans 2.0 Launch as Non-Security Secretary Mnuchin Emphasizes G7 Coordination on Digital Currencies CFTC and SEC Leaders to Step Down DOJ Indicts ICO Promoter for Tax Fraud, SEC Files Civil Suit France Strengthens Anti-Money Laundering (AML) Requirements for Digital Asset Companies Thailand Plans to Incorporate Blockchain into Tax Revenue Collection Systems…

Weekly Focus: Congress Members Introduce Stablecoin Legislation FINRA Grants Securitize Green Light for Broker-Dealer/ATS Acquisition SEC Establishes Transition of FinHub to Separate Office SIFMA, PwC Publish White Paper on Interplay Between Digital Assets and the Securities Markets Bitcoin Development Fund Launches Using Open-Source Funding Model Ethereum 2.0 Milestone Reached S&P Dow Jones Indices Announces Plan to Launch Cryptocurrency Indexes in 2021 China-Based Bank Halts Planned Digital Bond Sale Shortly Before Launch Ukraine Crypto-Specific Bill Progresses…

Weekly Focus: Jay Clayton to step down as Chairman of the Securities and Exchange Commission Brian Brooks nominated to five-year term as Comptroller of Currency Origin Protocol attacked, resulting in estimated loss of $7 million SEC issues no-action letter for IMVU Mitsubishi UFJ Financial Group plans launch of blockchain payments network in 2021 Texas State Securities Board files emergency cease-and-desist orders against ten digital asset investment platforms…

Perkins Coie is pleased to announce that it has obtained no-action relief from the Securities and Exchange Commission Staff that clears the way for its client IMVU Inc., to sell VCOIN, a blockchain-based digital asset, as a transferable non-security to its users worldwide. IMVU is the world’s largest avatar-based social platform with a global network of over 7 million monthly active users. These users create 3D avatars to meet new friends, interact, and play games…