Topic
Digital token
30 published works
Global Regulation Tomorrow
US Federal and State legislators propose exempting certain digital tokens from securities laws
By Andrew Lom (US), Rachael Browndorf (US)
On January 4, 2019, two Colorado senators introduced the “Colorado Digital Token Act,” a bill seeking to exempt digital tokens and cryptocurrencies from certain Colorado state securities laws. In filing…
FinTech Update
SEC settlement of two ICOs based on sales of unregistered securities: No fraud claims asserted
By C. Neil Gray, Herbert F. Kozlov, Maxwell J. Eichenberger
On Friday, November 16, 2018, the U.S. Securities and Exchange Commission (SEC) announced that it settled two cases against digital token issuers. The settlements, one with CarrierEQ Inc. (AirFox) and…
IM Insights
First SEC Enforcement Action Against Unregistered Digital Token Exchange
By Susan Gault-Brown, F. Dario de Martino, Daniel Kahan, Alfredo Silva
Until yesterday, the enforcement actions of the U.S. Securities and Exchange Commission (SEC) in the digital token (aka cryptocurrency) space have primarily focused on the primary issuances of tokens. However,…
Securities Compliance Sentinel
No Easy Out: Federal Judge Says Selling Digital Tokens May Violate Federal Securities Laws
Just this week, a United States District Judge for the Eastern District of New York told a defendant in a criminal case that he was out luck with the claim there was…
Virtual Currency Report
Chamber of Digital Commerce’s newest whitepaper “Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners”
By Perkins Coie
Proud to be a part of the Chamber of Digital Commerce's newest whitepaper "Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners" Special thanks to the Perkins team:…
Israel Global Gateway
First judicial finding that digital tokens are securities
By Israel Group
A magistrate judge in Florida issued a report in a class action lawsuit – Rensel v. Centra Tech, Inc. – finding that tokens issued and sold by tech startup Centra Tech were…
Corporate & Financial Weekly Digest
CFTC Issues Customer Advisory on Digital Coins and Tokens
By Kevin M. Foley, James M. Brady
The Commodity Futures Trading Commission has issued an advisory warning customers of the dangers of purchasing digital coins or tokens. Among other things, the advisory warns customers that buying digital…
Blockchain Legal Resource
CFTC Issues Advisory on Digital Tokens
By Scott H. Kimpel, Mayme Beth Donohue
On July 16, 2018, the Commodity Futures Trading Commission issued a customer advisory on digital tokens.
Technology Law Dispatch
The SEC Announces Two New Initiatives to Address Digital Token Sales
By Kari Larsen, Matthew H. Kita
At the end of September, the Securities Exchange Commission (“SEC”) announced two new initiatives to address cyber-based threats and protect retail investors. In the press release, the SEC outlined the…
The Fintech Report
Blockchain and Digital Token Update: SEC Releases Investigative Report and Investor Bulletin
On July 25, 2017, the Securities and Exchange Commission (SEC) released groundbreaking materials relating to blockchain tokens. These materials provide significant and welcome insight to the SEC’s and its staff’s…