Bored Apes Are Not Securities
Sections WhatsApp Threads Email Messenger LinkedIn Teams… Read More
A Lack of Integrity Is Not a Crime: Second Circuit Vacates Former OpenSea Employee’s “Insider Trading” Conviction
Sections WhatsApp Threads Email Messenger LinkedIn Teams… Read More
Securities are Securities
Securities are Securities On July 9, 2025, Commissioner Hester Peirce, head of the SEC’s Crypto Task Force, in a published statement said, “Tokenized securities are still securities.” And, as such, the federal securities laws apply to transactions involving them. Read More
GENIUS Move? Senate Passes Bill to Regulate Payment Stablecoins
GENIUS Move? Senate Passes Bill to Regulate Payment Stablecoins On June 17, 2025, the Senate voted 68-30 with bi-partisan support to pass the Guiding and Establishing National Innovation for U.S. Stablecoins Act (“GENIUS Act”), which proposes the establishment of a federal framework for… Read More
Proposed Tax on Certain Outbound Remittances
Proposed Tax on Certain Outbound Remittances In just under two weeks, the House of Representatives introduced, modified and passed the One Big, Beautiful Bill of 2025 (the “House Tax Bill”). This Memorandum addresses a new proposed tax on certain persons sending money outside the United States (the “Remittance Proposal”). For… Read More
SEC v. Coinbase. SEC Leaves the Field.
SEC v. Coinbase. SEC Leaves the Field. On February 27, 2025, the Securities and Exchange Commission formally abandoned its enforcement action against Coinbase. Coinbase had previously announced the news. In the press release announcing… Read More
Finally, clarity (or perhaps, “clarity-ish”)
Finally, clarity (or perhaps, “clarity-ish”) After years of refusing to give clear answers1 on the issue of which tokens are securities, the SEC has finally provided some clarity, at least… Read More
Reversal of Fortune: SEC to Drop Coinbase Suit
Reversal of Fortune: SEC to Drop Coinbase Suit On Friday, Coinbase announced that the SEC staff had agreed in principle to dismiss its case alleging the company had failed to register as a securities exchange, broker-dealer, and clearing agency. We… Read More
New Administration Action on Cryptocurrency Tax Regulations
New Administration Action on Cryptocurrency Tax Regulations The Seward & Kissel Tax Group has collected some data and intelligence about what crypto tax changes we may see this year. President Trump aims to assess and revive cryptocurrency regulations via executive order, Congress looks to roll back… Read More
Don’t Expect “Mama Government” to Bail You Out
Don’t Expect “Mama Government” to Bail You Out According to reports, more than 50 lawyers and staffers in the SEC’s Crypto Assets and Cyber Unit have been reassigned to other roles in the agency. On the same day,… Read More