Herbert F. Kozlov
Reed Smith LLP
Articles
FinCEN Proposed Rule Would Subject Unhosted Wallets Participating in Virtual Currency Transactions to Enhanced Regulatory Requirements
USA - December 21 2020 On December 18, 2020, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), issued a notice of proposed rulemaking (the…
Stephen A. Aschettino, Maria B. Earley, Trevor A. Levine, Christine T. Parker, Jeffrey D. Silberman
Telegram Abandons TON Blockchain
USA - May 22 2020 Earlier this month, Telegram Inc. announced that it was abandoning its development of the Telegram Open Network (TON). The move comes after the SEC…
CFTC Issues Final Interpretation of “Actual Delivery” for Retail Commodity Transactions in Virtual Currency
USA - April 13 2020 On March 24, 2020, the Commodity Futures Trading Commission (CFTC) voted to unanimously approve its final interpretive guidance on the term “actual…
Patrick Kratzenstein, Trevor A. Levine, Peter Y. Malyshev, Christine T. Parker
SEC obtains preliminary injunctive relief against Telegram’s $1.7 billion token sale
USA - April 6 2020 On March 24, 2020, the United States District Court of the Southern District of New York granted the Securities and Exchange Commission (SEC)…
COVID-19 and D&O insurance coverage: Have we seen this movie before?
USA - March 24 2020 Unlike past outbreaks of the SARS and H1N1 viruses, the COVID-19 virus is spawning securities and other shareholder litigation. At least two…
