On Tuesday, May 8, the House Science, Space and Technology Committee's Oversight and Research and Technology subcommittees held a hearing titled, "Leveraging Blockchain Technology to Improve Supply Chain Management and Combat Counterfeit Goods". Tuesday’s session was largely educational, but is part of a broader effort to lay the foundation for federal policy changes that might … Continue reading House Subcommittees Examine Leveraging Blockchain Technology to Improve Supply Chain Management
Last week, Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo and CFTC Chief Economist Bruce Tuckman published a white paper analyzing the state of post-Dodd-Frank swaps regulation, making a number of recommendations for “Swaps Regulation 2.0.” Giancarlo announced the publication in a fireside chat at the International Swaps and Derivatives Association (ISDA) annual conference in … Continue reading Regulator Nodes and the Future of Swap Regulation from #Cryptodad
From Equifax to Facebook, 2017 was the year of the data breach. With five of the ten largest breaches occurring this past year, over 65 percent of the American population had their personal information either stolen, sold, or studied by a third party without their consent. Yet, according to a report presented to the Federal … Continue reading Can Blockchain Technology Offer Transparency to the Privacy & Security of Our Data?
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
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
The main focus of the February 14, 2018, House Subcommittee on Research and Technology and the Subcommittee on Oversight hearing, “Beyond Bitcoin: Emerging Applications for Blockchain Technology,” was to gather information and get a better understanding of bitcoin and blockchain. Specifically, lawmakers attempted to garner a better understanding of the high profile cases that have … Continue reading House Subcommittees Examine Emerging Applications for Blockchain Technology
“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