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!
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
Michael Best Senior Counsel Cheryl Aaron was published in Lex Mundi’s Blockchain White Paper Series in the article titled, “Accepting Payment in Bitcoin: Considerations for Merchants.” In her whitepaper article, she discusses issues to be aware of if you are a business considering accepting cryptocurrencies, such as bitcoin, as payment. Cheryl analyzes volatility, tax implications, … Continue reading Accepting Payment in Bitcoin: Considerations for Merchants
With stablecoins like Tether and Gemini making news recently, it is worth exploring what the term “stablecoin” means, and how it might impact businesses and consumers in the coming years. For starters, a stablecoin is a type of cryptocurrency that is designed to mitigate the short-term volatility that most cryptocurrencies are known for. Stablecoins are … Continue reading Understanding Stablecoins
For anyone invested in cryptocurrencies or considering a capital raise funded through an Initial Coin Offering (ICO), it would be difficult to imagine two more diametrically different years than 2017 and 2018. As 2018 draws to a close, it is worth reflecting for a moment on all that has happened over the past two years. … Continue reading It was the Best of Times, It was the Worst of Times: A Tale of Two Years in Crypto and Coin Offerings
The CFPB has launched a fintech regulatory sandbox which will help fintech companies and firms develop and test new products and services, including blockchain and cryptocurrencies. Today’s Blockchain & Cryptocurrency Daily Clips highlight: "In an official announcement, the bureau said that the innovation office has been established to focus on encouraging consumer-friendly innovation. It will focus on … Continue reading U.S. Consumer Financial Protection Bureau (CFPB) Launches Fintech Regulatory Sandbox
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