Tiffany A. Miao

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ICOs Avoiding US Citizens Not Immune To Lawsuits In US

Last summer, the Securities and Exchange Commission (SEC) issued its 21(a) report concluding that, according to the U.S. Supreme Court decision in SEC v. W.J. Howey Co., the DAO token qualified as a “security” under the federal securities laws and thus, its offering had to either be registered with the SEC or subject to a … Continue Reading

This Week in Blockchain: CFTC Guidance, SEC Enforcement, Central Bank Interest

In this issue: • CFTC Issues Guidance on Crypto Derivatives • “Operation Cryptosweep” Continues Enforcement Actions Against ICOs • Countries Exploring National/State-Backed Cryptocurrencies CFTC Issues Guidance on Crypto Derivatives By: Jonathan D. Blattmachr On May 21, 2018, The Commodity Futures Trading Commission (CFTC) issued to exchanges and clearinghouses a staff advisory regarding cryptocurrency derivatives (the Advisory). … Continue Reading