Cryptocurrency Markets Quiet for Now, but Catalysts for Moves Loom

Michael Best Partner Evan Strassberg was featured by TheStreet in the article titled, "Cryptocurrency Markets Quiet for Now, but Catalysts for Moves Loom," where he discussed the crypto market, the recent news from the Securities and Exchange Commission (SEC) regarding Exchange Traded Funds (ETFs), and possibilities to come. "...[SEC] the dominant US regulatory body that oversees securities … Continue reading Cryptocurrency Markets Quiet for Now, but Catalysts for Moves Loom

75 Years of Howey

How the sale of Florida Orange Groves 75 years ago established Securities Law compliance standards for Cryptocurrencies and other Digital Tokens today Earlier this year, William Hinman, Director, Division of Corporate Finance, provided significant guidance on the applicability of U.S. Federal Securities Laws to Initial Coin Offerings (ICOs) and the sale of digital tokens. Director … Continue reading 75 Years of Howey

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?

The First Comprehensive Study of ICO Performance Yields Some Surprising—and Some Sobering—Results

In what may be a first of its kind analysis, a team at Boston College recently published a study that analyzed 4003 “executed and planned ICOs” for short and longer term performance. In “Digital Tulips? Returns to Investors in Initial Coin Offerings,” the study authors found “evidence of significant ICO underpricing, with average returns of … Continue reading The First Comprehensive Study of ICO Performance Yields Some Surprising—and Some Sobering—Results

Missed Our Webinar?

Michael Best Blockchain and Litigation Attorneys Evan Strassberg and Steven Joffee hosted a complementary webinar and discussed the actions regulatory bodies are taking and could be taking against cryptocurrency issuers and traders. They also provided an overview of private litigation, particularly putative class actions against companies that have conducted ICOs. Access Michael Best's Blockchain Team … Continue reading Missed Our Webinar?

SEC Provides Guidance on the Applicability of Securities Laws to ICOs and Sales of Digital Tokens – The Beginning of a “Safe Harbor”

William Hinman, Director, Division of Corporate Finance, provided significant guidance on the applicability of U.S. Federal Securities Laws to Initial Coin Offerings (ICOs) and the sale of digital tokens.  His presentation was made on Thursday, June 14, 2018 at the Yahoo Finance All Market Summit: Crypto in San Francisco. Click here to read the full … Continue reading SEC Provides Guidance on the Applicability of Securities Laws to ICOs and Sales of Digital Tokens – The Beginning of a “Safe Harbor”

Taking the “Crypto” Out of Cryptocurrencies

How securities laws and regulations impact this booming business.  Utah Business Magazine features Michael Best Attorneys Brad Jacobsen and Evan Strassberg in the May 2018 edition. Brad and Evan write, "During 2017 it appeared you couldn't lose money investing in Bitcoin, initial coin offerings and other cryptocurrency offerings (collectively ICOs). Not since the Tulip Bubble of … Continue reading Taking the “Crypto” Out of Cryptocurrencies