Caution is Key with Cryptocurrency

Michael Best Senior Counsel Cheryl Aaron was featured in an article by Wisconsin Law Journal article titled, "Caution is Key with Cryptocurrency," and explored the big picture issues surrounding digital currencies. “Cryptocurrency is an emerging technology, so the law hasn’t quite caught up with it yet. In the U.S., states have no single set of rules governing … Continue reading Caution is Key with Cryptocurrency

Free! Does not mean Freedom from Compliance with U.S. Securities Laws – Do ICOs through the Use of AirDrops violate U.S. Securities Laws?

We have posted many blogs and made available several webinars and presentations here regarding the need and complexity of complying with Federal and State securities laws when engaging in the sale and issuance of cryptocurrencies, digital tokens and other blockchain technologies. Due to the cost and complexity of complying with U.S. Securities Laws, people are … Continue reading Free! Does not mean Freedom from Compliance with U.S. Securities Laws – Do ICOs through the Use of AirDrops violate U.S. Securities Laws?

#BlockLegalTech 2018 – Blockchain Tech is Legal Tech

From cryptocurrency, to Web 4.0, to an interactive, decentralized worldwide network of all things, people and systems, distributed ledger technology (DLT) is the hot-tech, paradigm shift de jour. DLT technology transcends cryptocurrency and promises to impact a wide range of industries beyond finance. As several states advance legislative efforts to uphold the legal integrity of … Continue reading #BlockLegalTech 2018 – Blockchain Tech is Legal Tech

The Rumors of the Lawyer’s Death Have Been Greatly Exaggerated (for now)

The buzz of bitcoin hitting a high over $19000 USD this year brought cryptocurrency to the mainstream. People have may have previously heard of bitcoin or maybe even blockchain. However, it may not be clear to the casual observer what differentiates bitcoin, cryptocurrency, or blockchain technology. Part of what may have been overshadowed in the … Continue reading The Rumors of the Lawyer’s Death Have Been Greatly Exaggerated (for now)

CFTC Warns Investors: Use Caution When Buying Digital Tokens

Thinking about buying what’s known as a “utility token” or a “consumption coin”? Think twice, says the Commodity Futures Trading Commission (CFTC). In a customer advisory issued last week, the derivatives regulator urged potential investors to do their due diligence before making a purchase. As we’ve discussed on the Blockchain + the Law blog, digital … Continue reading CFTC Warns Investors: Use Caution When Buying Digital Tokens

One Blockchain Trademark Ledger to Rule Them All!

Tony Biller, Managing Partner of Michael Best’s Raleigh office, explores how blockchain technology could enhance the current state of intellectual property asset registries in his recent article One Blockchain Trademark Ledger to Rule Them All! which appeared in the firm’s Best Trademark Blog. Tony writes: "Blockchain disrupts central brokers whose primary function in transactions has … Continue reading One Blockchain Trademark Ledger to Rule Them All!

U.S. Consumer Financial Protection Bureau (CFPB) Launches Fintech Regulatory Sandbox

The CFPB has launched a fintech regulatory sandbox which will help fintech companies and firms develop and test new products and services, including blockchain and cryptocurrencies. Today’s Blockchain & Cryptocurrency Daily Clips highlight: "In an official announcement, the bureau said that the innovation office has been established to focus on encouraging consumer-friendly innovation. It will focus on … Continue reading U.S. Consumer Financial Protection Bureau (CFPB) Launches Fintech Regulatory Sandbox