The summary judgment in favor of the SEC was issued on November 7, 2022 and the only issues addressed were whether LBRY did offer its LBC token in violation of securities laws (as an unregistered security without asserting any exemption…
There is an endless array of social media personalities all over every media outlet possible discussing every facet of the crypto industry and the nascent roiling markets. Many of them are sincere, honest, and well-meaning, while probably just as many…
Federal DOJ criminal charges and a Commodities Futures Trading Commission civil complaint have recently been filed against Mr. Alexandre for the alleged operation of a ponzi-like commodities pool where investors received weekly interest in the nature of 5%-10% from the…
The Department of Justice recently charged former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi and friend Sameer Ramani with wire fraud and insider trading. The Securities Exchange Commission followed suit with a filing of its own alleging violations…
Is the Solana (SOL) token a security and was it issued in violation of US securities laws? This is exactly what the class action lawsuit filed July 1st, 2022 claims, to include violations of California securities laws. All Solana principals…
On June 19, 2022 a second vote was held by the governance board through its voting protocol to invalidate the previous days’ vote which permitted the board to seize control of and liquidate through the OTC markets, a certain whale…
The SEC has recently indicated that it will begin to study the NFT sector to determine if NFTs are being sold which are in fact securities and therefore are being sold illegally in the open markets. Other regulators, such as…
Unfortunately there is no clear answer to this question at this time due to a lack of regulatory guidance and no such guidance forthcoming in the near future due to the slow movement of and disputed control over NFTs by…
Fraud is endemic in the crypto markets as most participants and regulators are quick to admit, if they are honest, of course. “Rug pulls” are one form of fraud where an issuer of a given crypto-asset markets and sells the…