On Aug. 28, 2023, the Securities and Exchange Commission (Commission) charged Impact Theory, LLC, a media and entertainment company, with violating Sections 5(a) and 5(c) of the Securities Act of
Continue Reading SEC Charges Media and Entertainment Co. for Unregistered Offering of NFTs
On Dec. 14, 2022, the SEC announced charges against eight social media influencers in a $100 million securities fraud scheme in which they allegedly used social media platforms to tout
Continue Reading 8 Influencers Charged in $100 Million Securities Fraud Scheme
Since the early days of the launch of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), several celebrities have promoted the NFTs. On Dec. 8, 2022, plaintiffs Adonis Real
Continue Reading NFT Endorsed by Celebrities Prompts Class Action
A proposed new Article 12 of the UCC provides rules for transactions involving certain new types of digital assets, including cryptocurrency and non-fungible tokens. Under the proposed new Article 12
Continue Reading Proposed UCC Amendments to Article 12 Shed New Light on Transacting and Securing Interests in Digital Assets
GT attorneys Leith Ben Ammar, Claire Broadbelt, Miles Daly, Matt Hancock, Emma L. Menzies, Thai Nguyen, and Nickie Pickernell co-authored the UK Chapter of
Continue Reading Greenberg Traurig contributes UK chapter to Chambers’ Blockchain Guide 2022
The Washington state Department of Revenue (WDOR) in July 2022 published detailed guidance on the sales tax consequences of non-fungible token (NFT) sales, the first such guidance in the
Continue Reading Sales Tax on NFTs: Washington State Guidance Blazes Trail Other States May Follow
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What is blockchain? What is cryptocurrency? Non-fungible tokens? This short overview seeks to answer these questions in simple and relatable terms.
Click here to read the full GT Primer.
Continue Reading Blockchain, Crypto & NFTs: A 5-Minute Primer to Help You Understand the Basics
The digital asset and blockchain sector in 2021 saw exponential growth and adoption fueled by stablecoins, non-fungible tokens (NFTs), decentralized finance (DeFi), and decentralized autonomous organizations (DAOs). Headed into 2022,
Continue Reading Digital Assets Sector: What to Watch for in 2022