SEC Crypto 2.0 Just how crypto-friendly will the new administration be? Apparently, plenty. Today, SEC Acting Chairman Mark T. Uyeda announced the launch of a task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets, led… Read More
SEC v. Coinbase: “On to the Second Circuit We Go” The see-saw court battle over whether Coinbase is an unregistered securities exchange/broker-dealer/clearing agency has flipped, this time with the SEC dropping low. On January 7, 2025, the U.S. District Court for the Southern District of New York… Read More
Changes? Yes. Records? Not so sure. Changes Are Coming…they really are. On January 7, 2025, CFTC Chairman Rostin Behnam announced that he will be stepping down as Chairman on January 20th… Read More
Changes Are Coming Ch-ch-ch-ch-changesTurn and face the strangeCh-ch-changes Changes, by David Bowie Here comes the Black Queen poking in the pileFi fo the Black Queen marching single fileTake this take that bring them down to size… Read More
SEC Crypto Enforcement: Past and Future Tense There are some in the crypto community who—frustrated with the enforcement first approach of (outgoing) SEC Chair Gary S. Gensler—invested heavily to elect… Read More
US and Global Crypto Tax Update Crypto tax policy continues to move forward, domestically and internationally. Domestically, the IRS seeks comments on the new Form 1099-DA. Internationally, the Organization for Economic Co-Operation and Development (“OECD”) provided updates on its Crypto-Asset Reporting Framework, and a group of criminal tax… Read More
SEC v. Ripple: Was it Worth it? I watch the ripples change their sizeBut never leave the stream of warm impermanence And so the days float through my eyesBut still the days seem the sameAnd these children that… Read More
SEC v. Binance: BUSD, BNB, and Simple Earn—a Closer Look On June 28, 2024, in SEC v. Binance Holdings Limited, et al.1, the U.S. District Court for the District of Columbia issued a Memorandum Opinion & Order on the defendants’ motions to dismiss2 the SEC’s charges… Read More
New Swiss FATCA Agreement May Change Tax Reporting by Swiss Blockchain Businesses and Token Issuers Swiss financial institutions will have updated obligations under the US Foreign Account Tax Compliance Act (“FATCA”) beginning in 2027, pursuant to a new intergovernmental agreement (“IGA”) between the United States and Switzerland. Blockchain… Read More
Poor Form: Terraform Labs to pay $4.5 Billion On June 13, 2024, Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion to settle the SEC’s case against them. The settlement followed a jury verdict holding Terraform Labs and Kwon liable for securities fraud. Read More