Tag Archives: cryptocurrencies

Guest Post: Why the Crypto-Enforcement Onslaught by U.S. Regulators Has Just Begun

One of the most significant recent developments in the financial world has been the sudden proliferation of cryptocurrencies. The quick rise of digital currencies seemingly caught regulators by surprise; regulatory action and involvement was slow to develop. But as John Reed Stark, President of John Reed Stark Consulting and former Chief of the SEC’s Office … Continue Reading

Guest Post: Ten Crypto-Caveats Floyd Mayweather and DJ Khaled Should Have Heard From Their Lawyers

Among the many problems that have come to light in the current cryptocurrency craze have been problems relating to celebrity endorsements for initial coin offerings (ICO). In the following guest post, John Reed Stark, President of John Reed Stark Consulting and former Chief of the SEC’s Office of Internet Enforcement, reviews the highest profile examples … Continue Reading

Guest Post: The Benefit of an ICO Bubble Burst

As many readers undoubtedly are aware, the prices for bitcoin has plunged in recent days, from a peak of nearly $20,000 in December to approximately $8,300 more recently, representing a decline of nearly 60%. The prices for other cryptocurrencies have also fallen along the same order of magnitude. This dramatic decline certainly at least raises … Continue Reading

A Multitude of Cryptocurrency Developments

 The astonishing bitcoin bubble may have burst over the last several days. From its intraday peak in December 2017 of $19,783, the price for bitcoin had fallen as of Saturday to $8,524, a decline of over 60%. (Price declines continued on Monday.) Bitcoin’s price has fallen before and it has generally proven to be volatile. … Continue Reading

Guest Post: Beware ICO Lawyers: As Regulatory Gatekeepers, You’re the Next SEC Target

Many readers may have noted SEC Jay Clayton’s January 22, 2018 speech about his agency’s scrutiny of cryptocurrencies, as well as the January 24, 2018 opinion piece Clayton wrote in the Wall Street Journal along with his counterpart from the CFTC, J. Christopher Giancarlo. In both statements, Clayton made in clear that the SEC intends … Continue Reading

Cryptocurrency-Related Securities Lawsuits: A Litigation Filing Trend for the New Year?

Even after the precipitous drop this past Friday in the price of Bitcoin and other digital currencies, the developments during the past several months involving cryptocurrencies have to be one of the year’s top business stories. While news articles about digital currencies focus on the dramatic rise this year in the price of Bitcoin or … Continue Reading

Uncompleted ICO Draws Securities Class Action Lawsuit

In the latest of what is beginning to look like a wave of ICO-related securities lawsuit filings, would-be investors who made pre-offering investments in Monkey Capital’s promised but uncompleted ICO have filed a securities class action lawsuit in the Southern District of Florida against the company and its principals, alleging that the company’s pre-offering sale … Continue Reading

Guest Post: Which ICOs are Next to Get Caught up in the SEC’s ICO Dragnet?

One of the most interesting and arresting business stories of 2017 has been the astonishing proliferation of initial coin offerings (ICOs), as I discussed in a prior post (here). Readers who have been watching this story develop undoubtedly are aware that things have been moving very quickly recently on the regulatory front with respect to … Continue Reading

Guest Post: The SEC and ICOs: Winter is Coming

 As I noted in a recent post (here), the business pages these days are full of headlines about Initial Coin Offerings (ICOs). Among many issues swirling around ICOs one is the question of how the offerings fit within the overall legal and regulatory framework. In the following guest post, John Reed Stark, President of John … Continue Reading

Cryptocurrencies and ICOs: Problems and Promise

Anyone who reads the business pages these days has to be aware that there has been a surge of interest and activity involving cryptocurrencies, and in particular involving initial coin offerings (“ICOs”). In third quarter 2017 alone, 105 ICOs raised over $1.3 billion. This level of activity has in turn attracted regulatory scrutiny and even … Continue Reading
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