On Monday, January 22, 2018, SEC Chairman Jay Clayton expressed the SEC’s growing concern with ICOs and other cryptocurrency offerings being issued and sold without complying with securities laws. Chairman Clayton also warned/scolded the professional advisors connected to these offerings. The full text of Chairman Clayton’s statement is available here. Compliance with securities laws can … Continue reading SEC Shoots with a Spiritual Blunderbuss – Why Your ICO Is Most Likely a Security In the Eyes of the SEC
“Blockchain can probably save the world, but there’s a lot of work to be done before that happens.” This is the simple, awe-inspiring, and sobering message that emerged from two days of presentations on blockchain and cryptocurrency during the annual Silicon Slopes Summit held in Salt Lake City, Utah. The Summit itself was a spectacular … Continue reading “Blockchain can probably save the world…” Inside Look of the Silicon Slopes Tech Summit 2018
Credit Suisse Group AG, U.S. Bancorp, Wells Fargo & Co., and Western Asset Management Co. announced they’ve successfully tested the distributed ledger technology to track mortgage-backed securities. “Structuring securities is complex, involving many different parties, manual processes, duplicated documents and data in different formats,” said David Rutter, CEO of R3. The group conducted this pilot … Continue reading Distributed Ledger Technology Use Cases in the Real Estate Ecosystem
Join us on Wednesday, February 28 at 12:00 Central. Our expert speakers will host a live complimentary webinar covering the basics of cryptocurrencies, blockchain technology, and smart contracts, including what they are and which laws and regulations apply. To register, click here. While digital currencies are gathering international attention, Michael Best's Blockchain, Digital Currencies & Smart Contracts … Continue reading Join Our Webinar!
In mid-December, 2017, when the SEC Chair, Jay Clayton, warned that the SEC would be specifically scrutinizing cryptocurrencies and initial coin offerings (ICOs) under applicable securities laws that apply to the offer and sale of securities, Chair Clayton was simply restating the long-established case law and practice used by the SEC and other state and … Continue reading Whether You Are Raising Capital for Bitcoins or Beavers, Securities Laws Will Apply