Andrew Bull & Tyler Harttraft proudly worked with the Richmond Journal of Law & Technology to publish the following report on the state of the SEC’s enforcement against digital assets.
Use the link below to view the full publication.
The creation of Bitcoin, a decentralized peer-to-peer cryptocurrency, forever changed how information and asset ownership are transferred, verified, and processed via the internet. The technology that underlies bitcoin, called Blockchain, spawned a technological revolution that sought to alter the global system of asset ownership. Moving away from centralization and governance, Blockchain and cryptocurrencies provided a decentralized alternative ownership option that challenged traditional finance and jurisdictional considerations. With limited legal precedent and academic research, regulators and lawmakers struggled to apply traditional legal rules to this nascent technology, leaving significant legal questions unanswered. At the center of this confusion was whether
certain cryptocurrencies would be categorized as a security under U.S. law.