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…
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…
Initial Coin Offerings are well known by most to provide funding to a blockchain project before it is viable or at least before it is operational, while a reverse ICO is defined as the integration of a blockchain protocol into…
The Howey test involves an analysis of a given token offering to assess whether or not it should be treated as a ‘security’ under US securities laws and sold only to a certain pool of high net worth investors, or…
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 Securities and Exchange Commission has taken an unprecedented step in creating a fake website which purports to raise funds for a hypothetical Initial Coin Offering venture. Apparently, it is designed to educate the ignorant masses regarding ICO scams; however,…
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…