- Continued Robust Litigation and Enforcement Actions by Federal and State Regulators and Enforcement Authorities – We will likely see a similar level of anti-fraud prosecutions by the Department of Justice

Virtual Currencies, Digital Assets & the Law
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 NFTsOn 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 SchemeOn Nov. 7, 2022, the U.S. District Court for the District of New Hampshire granted the Securities and Exchange Commission’s motion for summary judgment in SEC v. LBRY, Inc.…
Continue Reading SEC v. LBRY, Inc.: The SEC’s Latest Crypto VictoryTo Kim Kardashian’s fans and followers, her endorsement of a product signals the product is on trend. However, when a simple post endorsing cryptocurrency goes out to the world, it…
Continue Reading SEC Charges Kim Kardashian with Violating Anti-Touting Law, Signals to Celebrities that Payments for Endorsements Must Be DisclosedOn May 3, 2022, the U.S. Securities and Exchange Commission (SEC) announced in a press release that it is nearly doubling the size of its enforcement unit overseeing cryptocurrency markets…
Continue Reading SEC Steps Up Enforcement Activities in Crypto Markets
On Feb. 14, 2022, the Securities and Exchange Commission (SEC) charged crypto lending platform BlockFi Lending LLC (BlockFi) with (1) failing to register the offers and sales of its crypto…
Continue Reading SEC’s BlockFi Order Signals Further Scrutiny of DeFi
On Sept. 21, 2020, the Office of the Comptroller of the Currency (the OCC) issued guidance pertaining to whether national banks could hold stablecoin reserves. That same day, the Securities
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Continue Reading The OCC and SEC’s FinHub Issue Guidance on Fiat-Backed Stablecoin Reserves
On March 24, 2020, Judge P. Kevin Castel of the Southern District of New York issued a potentially groundbreaking decision in the matter of Securities and Exchange Commission v. Telegram …
Continue Reading SEC v. Telegram: A Groundbreaking Decision in Cryptocurrency Enforcement?