You will be hard pressed to find any expert or authority in the field who will not agree that blockchain technology holds heretofore untapped potential yet to be capitalized upon. The future appears bright for the distributed ledger. A strong…
William Hinman head of the Division of Corporate Finance at the SEC has today announced that the SEC does not consider Bitcoin (BTC) or Ethereum (ETC) to be securities subject to US securities laws. The reasoning provided by the SEC…
The unfortunate reality is that the crypto space is inundated with shady people, hype, empty promises, and dishonest marketing. This Firm deals regularly with due diligence reviews of various coin offerings and drafting of opinions regarding crypto projects, to include…
A great deal of confusion exists as to the gauntlet of US securities laws with respect to alt-coins or crypto tokens issued through initial coin or token offerings. At its most basic a utility token may be described as a…
Due to its increased ability to store significant amounts of wealth, cryptocurrency storage and access is fast becoming a big topic in estate planning, but thankfully not an extremely complicated one. Cryptocurrency is generally controlled by a private key to…
AriseBank’s $600 million ICO has been taken down by the SEC which has now formed an intra-agency unit devoted exclusively to researching and shutting down ICOs which violate US securities laws. Tether is a now a high risk token which…
Cryptocurrency owners are generally obliged to pay taxes when they exchange it for dollars or physical goods, but the new rule now effectively means that all crypto-related transactions will be a taxable event. Sec. 13303 of the tax act amends…
Mr. Belenky would like to extend a heartfelt “thank you” to all who came out to Miami this week to participate in the forum for knowledge and the burgeoning token market place, which will hopefully continue to grow at and…
Section 2(a)(1) of the Securities Act of 1933 defines “securities” as: “any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement… investment contract… or, in general, any…
Jamie Dimon, affectionately known as “JD” by friends and family, has come out bent-wrist swangin’ against Bitcoin specifically, calling it a “fraud” and stating any Chase traders he found to be involved in trading it would be fired for being…