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Articles: 1-10 of 274

New York Significantly Reduces the Number of Pre-Approved Cryptocurrencies

USA - September 21 2023 On September 18, 2023 the New York State Department of Financial Services (DFS) issued an update on an ongoing initiative to strengthen DFS oversight…

CFTC Lays Claim to DeFi Regulation

USA - September 20 2023 On September 7th, 2023, the U.S. Commodity Futures Trading Commission (“CFTC”) announced settlement orders against three operators of decentralized…

The SEC’s Second NFT Enforcement Action, Against Stoner Cats, Looks Much like its First, As Does the Dissent

USA - September 19 2023 We recently reported on the first NFT enforcement action brought by the U.S. Securities and Exchange Commission. On September 13, 2023, the…

DC Circuit Hands Victory to Grayscale and Future of Spot Bitcoin ETFs

USA - September 6 2023 On August 29, 2023, the D.C. Circuit Court of Appeals delivered the most recent blow to the SEC’s crypto crackdown with its ruling in Grayscale…

Reporting Crypto Sales: US Treasury Proposes Rules for Brokers

USA - September 1 2023 On August 25, 2023, the United States Treasury Department issued a notice of proposed rulemaking regarding tax reporting by brokers of transactions…

Is the SEC’s First NFT Enforcement Action More Overreach?

USA - August 30 2023 We previously reported on the Friel v Dapper Labs decision, which was a first-of-its-kind decision in the U.S. courts, holding that an NFT…

Sixth Circuit Affirms That IRS Refund Moots Effort to Litigate Issue of the Timing of Income From Staking

USA - August 24 2023 We have previously reported (here and here) on the refund lawsuit that a couple, the Jarretts, brought against the U.S. Internal Revenue Service. Mr…

U.S. Internal Revenue Service Issues Guidance on Staking

USA - August 17 2023 In Revenue Ruling 2023-14, issued July 31, 2023, the IRS ruled that a cash-method taxpayer that receives additional units of cryptocurrency as…

The SEC’s Latest Anti-Touting Case Results in Settlement with Singer Austin Mahone

USA - August 10 2023 Almost five years ago, we reported on the SEC’s first-ever case against celebrities for touting ICOs. In 2022, Kim Kardashian paid $1.26 million in…

SEC’s Latest ICO Proceeding is a Settlement with Quantstamp

USA - August 1 2023 Quantstamp is a Blockchain security firm that raised funds through an initial coin offering (ICO). According to the SEC, in August 2017, Quantstamp…