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
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
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?
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
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