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Sales of Digital Tokens & ICOs – Securities, Litigation, and Tax Concerns Join Michael Best Cryptocurrency and Securities attorneys for a complimentary one-hour live webinar from 12:00 - 1:00 PM CST on Tuesday, April 30, 2019. 2018 was (and 2019 continues to be) a challenging time for parties engaged in sale of digital tokens and … Continue reading Join Our Webinar!

“75 Years of Howey” Jacobsen and Reynolds Featured in Utah Bar Journal

How the Sale of Florida Orange Groves 75 Years Ago Established Securities Law Compliance Standards for Cryptocurrencies and Other Digital Tokens Today Michael Best Partner and Chair-Elect of the Securities Section of the Utah State Bar Brad Jacobsen, and Michael Best Associate Hunter Reynolds published an article which was featured in the March/April Issue of … Continue reading “75 Years of Howey” Jacobsen and Reynolds Featured in Utah Bar Journal

ICOs the New IPO? SEC Enforcement and When an ICO is a “Securities Offering”

Traditionally, a company seeking to raise capital might do so by conducting an initial public offering (IPO), and investors participating in the IPO would obtain an ownership stake in the company. However, with the introduction of cryptocurrencies and digital tokens, new ways of raising capital and entering the public market have emerged over the last … Continue reading ICOs the New IPO? SEC Enforcement and When an ICO is a “Securities Offering”

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”

Missed Our Webinar?

Yesterday, April 10, Michael Best's blockchain, tax, and securities & capital markets professionals Brad Jacobsen, Jim Kruse, Lyndon Ricks, Tim Schally, Evan Strassberg, and Betsy Voter hosted a complimentary webinar which discussed the securities laws applicable to initial coin ICOs, and covered everything from exempt private offerings to registered public offerings. Additionally, the panel reviewed actions … Continue reading Missed Our Webinar?

So What If My Digital Token is a Security? Personal Liability in Claims made for Rescission Damages

Earlier this year, I posted a blog titled “Whether You Are Raising Capital for Bitcoins or Beavers, Securities Laws Will Apply.”  The most common response we hear is “So What?!” A fair question, no doubt. The brief answer is that failure to comply with applicable state and federal securities laws can result in significant personal … Continue reading So What If My Digital Token is a Security? Personal Liability in Claims made for Rescission Damages

Join Our Webinar!

Initial Coin Offerings – Complying with U.S. Securities Laws & Tax Issues Wednesday, April 10 at 12:00 CST. Michael Best's Blockchain, Digital Currencies & Smart Contracts attorneys will be hosting a complimentary live webinar reviewing the securities laws applicable to Initial Coin Offerings (ICOs), covering everything from exempt private offerings to registered public offerings, and … Continue reading Join Our Webinar!