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Kik Sued by SEC for Illegal Token Sale
The popular messaging app “Kik” has made recent headlines as the Securities and Exchange Commission (SEC) files suit against the company for hosting an unregistered securities sale during the launch of an initial coin offering (ICO) of its kin token back in 2017. In...
BBL Partners with a-Qube
We are pleased to announce that a-Qube has partnered up with Bull Blockchain Law who will work in synergy with us to comply with existing regulations and allow our community to join our vision in a secure, empowering way. Bull Blockchain Law, LLC is Philadelphia’s...
FinCEN Guidance for Virtual Currency Businesses
In May 2019, FinCEN issued guidance describing certain virtual currency businesses that must register as money services businesses. Click here to read the full article discussing the regulations pertaining to MSBs and which virtual currency businesses are...
Lightning Token Law Review: Colorado Digital Token Act
Here is a rapid-fire review of Colorado's new digital token law: Name: Colorado Digital Token Act Concerning: Exemptions from the securities laws for cryptocurrencies Why: The costs and complexities of state securities registration can outweigh the benefits to...
Breaking Down The Token Taxonomy Act
Introduction: On December 20th, 2018 two U.S. Representatives, Warren Davidson (R-OH, 8th) and Darren Soto (D-FL, 9th), introduced H.R. 7356, now known as the “Token Taxonomy Act” (the “Token Act”), which seeks to amend the Securities Act of 1933 (the “Securities...
CoinAlpha Fined 50K For Securities Act Violations
The SEC issued a cease-and-desist order to CoinAlpha Advisors, LLC and fined the entity $50,000 for violating two provisions of the Securities Act in selling limited partnership interests. (Administrative Proceeding File No. 3-18913) CoinAlpha is the managing partner...
Andrew Bull discusses EtherDelta ruling
Blockchain Regulation – A Legal Practitioner’s Perspective
On September 28, 2018, a coalition of U.S. Congressmen sent a letter to the U.S. Securities and Exchange Commission ("SEC") seeking clarification regarding the current regulation of cryptocurrencies ("cryptos" or "tokens"). Specifically, the elected representatives...