The following analysis was written by Sarah C. Helton, Principal of Michael Best Strategies and Staff Counsel of Michael Best. Michael Best's 2018 Technology + the Law Symposium took place in Raleigh North Carolina at Duke University. Last week, Michael Best hosted our first Technology and Law Symposium in the hub of innovation, Research Triangle. We brought … Continue reading Michael Best Leads on Blockchain and Other Emerging Tech
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?
Congratulations! You’ve figured out how to buy Bitcoins and other cryptocurrencies from reliable sources. You are likely more computer savvy than most of your friends and family and are the acknowledged “Cryptocurrency” friend. You’ve likely made some money and are excited to share what you’ve learned with others. Your friends and family, however, just don’t … Continue reading Tell Your Friends to Buy Their Own Cryptocurrencies – Money Transmitter Issues in Private Sales of Cryptocurrencies for Legal Tender Currencies
We know that the Commodity Futures Trading Commission (CFTC) considers virtual currencies, including bitcoin, to be commodities, meaning that they are subject to the CFTC’s oversight. And we know, based on recent statements and enforcement actions, that the CFTC is, in fact, paying close scrutiny to cryptocurrency transactions and the exchanges on which they are … Continue reading CFTC Draws Jurisdictional Boundaries on Bitcoin
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
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