12 Jan, 2024 See Spot Run (Finally): After Over a Decade of Rejections, SEC Approves 11 New Spot Bitcoin ETPs By Dan Davis Gary DeWaal James Brady Sheehan Band Alex Kim +2 more... Show less Eleven spot bitcoin-based exchange-traded products (ETPs) were finally approved by the Securities and Exchange Commission (SEC) on...
17 Oct, 2023 CFTC Resuscitates Version of MLB’s Former 'Neighborhood Play' to Sue Principal of Defunct Crypto-Asset Entity Voyager as a Commodity Pool Operator By Gary DeWaal Dan Davis Christian Hennion 'The Commodity Futures Trading Commission appears to have revived a version of Major League Baseball’s “neighborhood play,” as evidenced...
06 Oct, 2023 SEC’s Request for Interlocutory Appeal of Favorable Rulings for Ripple Labs’ Defendants Rejected Based on Well-Settled Law By Gary DeWaal Dan Davis Sheehan Band Alex Kim +1 more... Show less On October 3, 2023, a federal court denied the Securities and Exchange Commission’s request to certify for appeal the same court’s...
11 Sep, 2023 US Court Holds DeFi Developer Cannot Be Held Liable for 3d Party Bad Actors; A Week Later, CFTC Suggests Contrary View Over One Commissioner’s Dissent By Gary DeWaal Dan Davis A developer and financial backers of a renowned decentralized finance protocol cannot be held liable to private litigants for the...
29 Aug, 2023 SEC Denial of Grayscale Bitcoin Fund Was Arbitrary and Capricious, Rules DC Circuit Court of Appeals By Gary DeWaal Dan Davis Sheehan Band Alex Kim +1 more... Show less The Securities and Exchange Commission acted arbitrarily and capriciously when it denied Grayscale Investment LLC’s proposed listing of a...
29 Aug, 2023 Offering of NFTs Allegedly Promoted as Investments Claimed To Be Unregistered Securities Offering by SEC in Settled Enforcement Action By Gary DeWaal Dan Davis An offering of non-fungible tokens was deemed an unlawful offering of securities without registration by the Securities and Exchange...
18 Aug, 2023 FCA Publishes Expectations on the Travel Rule for UK Cryptoasset Businesses By Neil Robson Christopher Collins Ciara McBrien The Financial Conduct Authority (FCA) has published a statement (Statement) on its expectations for UK cryptoasset businesses (CBs)...
03 Aug, 2023 A Disagreement Among Judges in the Same Courthouse Arises in Ruling Denying Motion to Dismiss SEC Enforcement Action Against Terraform Labs By Gary DeWaal Dan Davis One US federal district court judge affirmatively challenged the analysis of another district court judge sitting in the same courthouse...
18 Jul, 2023 Ripple Court to SEC: In the Words of Yogi Berra, "The Future Ain’t What It Used to Be" By Gary DeWaal Dan Davis As the great American philosopher and baseball legend Yogi Berra once said, "The future ain't what it used to be." Yogi was prescient (as...
12 Jun, 2023 No Exemption for DAO from Commodity Exchange Act and CFTC Regulations for Operating a Decentralized Exchange Rules California-Based Federal Court By Gary DeWaal Dan Davis A decentralized autonomous organization is an unincorporated association under California and federal law that is liable for violations...
09 Jun, 2023 Rationality in the Federal Oversight of Digital Assets? It’s Possible Say Members of Two House Committees Proposing New Legislative Framework By Gary DeWaal Dan Davis A framework for a potential bill that would provide (1) the Commodity Futures Trading Commission exclusive jurisdiction over digital...
11 May, 2023 NY Attorney General Proposes to Increase Obligations on Crypto Businesses Operating in NY or with NY Residents By Gary DeWaal Dan Davis Businesses engaged in certain digital currency activities from or within New York would be subject to enhanced obligations and...
28 Apr, 2023 Dan Davis Shares Views on Digital Asset Regulation During House Subcommittee Hearing By Financial Markets and Funds In testimony before the US House of Representatives Subcommittee on Commodity Markets, Digital Assets, and Rural Development, Daniel J....
25 Apr, 2023 Bored Ape Yacht Club NFT Drama Isn’t Boring At All By Jessica Kraver Editor's Note: This article is the third in a series by Katten attorneys examining NFTs and various novel legal issues raised by NFTs. ...
21 Apr, 2023 MiCA and Crypto Transfer Rules Approved by the European Parliament By Christopher Collins Neil Robson After many delays, the European Parliament has approved the long-awaited proposed regulation on markets in cryptoassets (MiCA), alongside...
20 Apr, 2023 Do you really intend to offer NFTs, digital collectibles, and virtual goods? If not, no trademark. By Michael Justus Editor's Note: This article is the second in a series by Katten attorneys examining NFTs and various novel legal issues raised by NFTs. ...