Topic
Initial Coin Offering
397 published works
Public Law Blog
A new era of ICO investigation and enforcement
Given the wide scope of his regulatory responsibilities, the Information Commissioner has his work cut out. Although weighty GDPR fines are eye catching, enforcement proceedings are expensive, time consuming, and…
Corporate Defense and Disputes
Fraud Claims Against Token Issuer Dismissed Based on Disclosures to Accredited Investor
By Joshua M. Newville, Jonathan Mollod
The organizers of an initial coin offering (ICO) recently won dismissal of an investor’s fraud claims by establishing that their public risk disclosures negated the investor’s claims of reliance on…
Blockchain and the Law
Fraud Claims Against Token Issuer Dismissed Based on Disclosures to Accredited Investor
By Joshua M. Newville, Jonathan Mollod
The organizers of an initial coin offering (ICO) recently won dismissal of an investor’s fraud claims by establishing that their public risk disclosures negated the investor’s claims of reliance on…
California Corporate & Securities Law Blog
James Joyce Ineluctably Meets Cryptoassets
In a recent post on the Harvard Law School Forum on Corporate Governance, Jai Massari discusses a new paper that argues fungible cryptoassets are not securities under existing U.S. federal…
The CLS Blue Sky Blog
Fraud on the Crypto Market
By Menesh Patel
Investors now routinely turn to crypto asset trading for portfolio appreciation and diversification, but significant investor protection concerns loom. Between 2017 and 2019, thousands of crypto assets were offered to…
Cleary Cybersecurity and Privacy Watch
UK ICO Issues Draft Guidance on Monitoring at Work
By Gareth Kristensen, Melissa Reid, Hakki Can Yildiz, Ashley Moss, Wei Sheng Lee
The Information Commissioner’s Office (“ICO”) has opened a consultation on new draft guidance on monitoring at work (the “Draft Guidance”). The Draft Guidance applies in both the private and public…
Inside Class Actions
Crypto Class Settlement Nixed Due to Insufficient Data on “Anonymous” Investors
A settlement class that Judge Lewis A. Kaplan (S.D.N.Y.) was likely to approve circa June 2021 was rejected “on further reflection” last week, due to a lack of information about…
The CLS Blue Sky Blog
How Disclosure and Information Intermediaries Strengthen the Credibility of Initial Coin Offerings
By Thomas Bourveau, Atif Ellahie, Emmanuel T. De George, Daniele Macciocchi
The crypto-tokens market has recently emerged as an alternative source of financing for entrepreneurial ventures, with approximately $27 billion raised globally through March 2022.[1] These ventures issue blockchain-based digital “crypto-tokens”…
Blockchain and the Law
SEC Sues Crowd Machine for Allegedly Fraudulent and Unregistered ICO
By Ian S. Ludd, Karen J. Garnett
In its first enforcement action of the year involving ICOs, the U.S. Securities and Exchange Commission (SEC) charged two companies and their founder for violations of antifraud and registration provisions…
The Securities Law Blog
SEC Charges ICO Issuer and Founder with Defrauding Investors
The Securities and Exchange Commission today announced charges against Australian citizen Craig Sproule and two companies he founded, Crowd Machine, Inc. and Metavine, Inc., for making materially false and misleading…