On September 13, 2021, New York Attorney General Letitia James announced the entry of a default judgment against crypto platform Coinseed and its CEO. The default judgment includes broad injunctive relief against Coinseed’s future operations in New York state. The case is one of many that regulators have recently brought against crypto trading platforms.
Continue Reading New York AG Obtains Default Judgment Against Crypto Platform
Antifraud
SEC Denies Application for Bitcoin ETF
By Scott H. Kimpel on
In a lengthy order issued on July 26, 2018, by a 3-1 vote the U.S. Securities and Exchange Commission denied an application by the CBOE Bats BZX Exchange, Inc., seeking to list and trade shares of the Winklevoss Bitcoin Trust.
Continue Reading SEC Denies Application for Bitcoin ETF
U.S. District Court Reaffirms CFTC’s Authority over Cryptocurrency Fraud
By Scott H. Kimpel & Hannah Flint on
Posted in Cryptocurrencies
On July 12, 2018, a federal judge of the U.S. District Court for the Eastern District of New York reaffirmed its view that cryptocurrency fraud is subject to the U.S. Commodity Futures Trading Commission’s anti-fraud and anti-manipulation enforcement authority.
Continue Reading U.S. District Court Reaffirms CFTC’s Authority over Cryptocurrency Fraud
CFTC Issues Advisory on Digital Tokens
By Scott H. Kimpel & Mayme Beth Donohue on
Posted in Cryptocurrencies, Initial Coin Offerings
On July 16, 2018, the Commodity Futures Trading Commission issued a customer advisory on digital tokens.
Continue Reading CFTC Issues Advisory on Digital Tokens
Texas Shuts Down Offering of Interests in Cryptocurrency Mining Businesses
By Scott H. Kimpel & Mayme Beth Donohue on
Posted in Cryptocurrencies, Regulatory
On July 11, 2018, in an emergency cease and desist order, the Texas securities commissioner took action against several individuals and affiliated companies based in Utah to halt the offering of unregistered cryptocurrency mining investments to Texas residents.
Continue Reading Texas Shuts Down Offering of Interests in Cryptocurrency Mining Businesses