Lost Your Investment In Cryptocurrency? There is a Remedy for That!

Whether you invested in a cryptocurrency venture that was a scam from the start or a failed venture chasing a “sure thing” for your valuable investment dollars, if you lost money investing in cryptocurrencies, digital tokens or other blockchain assets, you may have a solid remedy to seek a return of those lost funds. Offerings … Continue reading Lost Your Investment In Cryptocurrency? There is a Remedy for That!

Joint Chiefs of Global Tax Enforcement: The J5

The Internal Revenue Services (IRS) launched an international coalition to investigate transnational cryptocurrency tax crime and money laundering. The J5 is comprised of the government agencies from Australia, Canada, the Netherlands, the United Kingdom, as well as the IRS. The J5 states: "We are convinced that offshore structures and financial instruments, where used to commit tax … Continue reading Joint Chiefs of Global Tax Enforcement: The J5

Missed Our Webinar?

Last week, 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 … 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”

Regulation of the Unregulated: How Bitcoin and Cryptocurrencies show that the Government Can Regulate Anything

Michael Best Attorneys Evan Strassberg and Brad Jacobsen provide an expert analysis, featured in Westlaw Journal's Bank & Lender Liability, explaining how economy of bitcoin and other cryptocurrencies work, as well as how government agencies are impacting this market and attempting to regulate these new electronic assets. "Bitcoin was born shrouded in mystery.  Using the alias Satoshi … Continue reading Regulation of the Unregulated: How Bitcoin and Cryptocurrencies show that the Government Can Regulate Anything

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

Join Our Webinar!

Cryptocurrency Issuers & Traders Beware: Enforcement Actions and Private Litigation Emerging Thursday, June 14, 12:00 p.m. - 1:00 p.m. CST. Michael Best Attorneys Evan Strassberg and Steven Joffee are hosting a complimentary live webinar discussing actions regulatory bodies are currently taking, and could be taking in the future, against cryptocurrency issuers and traders.  Additionally, they … Continue reading Join Our Webinar!

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…

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