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Initial Coin Offerings – Complying with U.S. Securities Laws & Tax Issues Wednesday, April 10 at 12:00 CST. Michael Best's Blockchain, Digital Currencies & Smart Contracts attorneys will be hosting a complimentary live webinar reviewing the securities laws applicable to Initial Coin Offerings (ICOs), covering everything from exempt private offerings to registered public offerings, and … Continue reading Join Our Webinar!

Believe the Hype: Distributed Ledger Technologies Are Here to Stay

The irony of going online to read "Why the Internet Will Fail", published by Newsweek in 1995, about the shortcomings of the Internet and why it will inevitably fail should not be lost on anyone. Modern Luddites may say they’re too volatile, or that they’re too risky, or their implementation and startup costs are too … Continue reading Believe the Hype: Distributed Ledger Technologies Are Here to Stay

The DC Blockchain Policy Summit – More Suits, Less Hoodies

Last week, I attended the Chamber of Digital Commerce’s annual Blockchain Summit, held at Georgetown University in Washington, DC. Although there are hundreds of blockchain conferences to choose from these days, the Chamber’s summit stood out because of its focus on policy and regulation, and because of the current and former regulators and legislators that … Continue reading The DC Blockchain Policy Summit – More Suits, Less Hoodies

CFTC Proposes “Actual Delivery” Definition with Big Implications for Bitcoin Regulation

Just before the close of 2017, the Commodity Futures Trade Commission (CFTC) proposed a seemingly esoteric new rule, in which the CFTC attempted to define the term “actual delivery” within the context of retail commodity transactions in virtual currency.  Let’s unpack this because while it may seem to be an obscure topic, once final, this … Continue reading CFTC Proposes “Actual Delivery” Definition with Big Implications for Bitcoin Regulation

Better to Ask Forgiveness Than Permission? Not When It Comes to ICOs…

In some ways, the legal landscape surrounding cryptocurrencies is very much a blank canvas. For example, no court has yet issued an opinion finding that a cryptocurrency—indeed, any cryptocurrency—is a security. But the converse is also true, and no court has held that a cryptocurrency is not a security. In a vacuum, this lack of … Continue reading Better to Ask Forgiveness Than Permission? Not When It Comes to ICOs…

House Joint Resolution 25, Blockchain Legislation, and the Future of Illinois

House Joint Resolution 25 created the Illinois Blockchain and Distributed Ledger Task Force, a 17-member task force tasked with studying how, and if, the state of Illinois and units of local government can benefit from a transition to a blockchain based system for recordkeeping and service delivery.  Specifically, the task force studied (1) opportunities and … Continue reading House Joint Resolution 25, Blockchain Legislation, and the Future of Illinois

Missed Our Webinar?

Yesterday, February 28, Michael Best attorneys and blockchain experts Cheryl Aaron, Brad Jacobsen, and Brian Mangum hosted a complimentary, hour-long webinar discussing the basics of cryptocurrencies, blockchain technology, and smart contracts - what they are and which laws and regulations apply. Visit our website's event page to view the recording and access the presentation slides. Watch Michael … Continue reading Missed Our Webinar?