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?

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!

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

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