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Stephen Gannon of the firm's FinTech & Blockchain and Banking & Financial Services practices will be a speaker at the Wyoming Blockchain Stampede, hosted by The University of Wyoming's Center for Blockchain and Digital Innovation. Murphy & McGonigle is proud to sponsor the event, which takes place from September 21-26. Mr. Gannon will be a guest speaker during the WyoHackathon event on September 23.
About this Site:
This site is a resource for those interested in legal and regulatory developments in the application of blockchain technology, provided by Murphy & McGonigle. We regularly work with financial services companies that have a stake in legal and regulatory developments impacting blockchain technology. We created this site to provide periodic updates on important developments in the law surrounding blockchain technology.
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Matthew Comstock of the firm’s FinTech & Blockchain Practice authored an article regarding Securities and Exchange Commission jurisdiction over crypto assets in the Expert Analysis section of Law360 (8/26/21). In the article, Mr. Comstock analyzes the SEC’s stance on cryptocurrency and provides expert insight as to why the SEC believes it is uniquely qualified to protect the investing public.
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Third Time’s the Charm? Lawmakers Try Again to Clarify Cryptocurrency and Digital Asset Regulation
by: Macauley B. Venora
Lawmakers in the U.S. House of Representatives have re-introduced the Token Taxonomy Act, again seeking to clarify the legal and regulatory framework around digital assets and cryptocurrencies, as well as a separate bill to establish a digital asset working group.
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DOJ Cyber Task Force Releases Report on an Enforcement Framework for Cryptocurrency Involved Criminal Activity
by: Steven D. Feldman , Matthew B. Comstock
Produced by the Attorney General’s Cyber-Digital Task Force, the Framework is divided into three parts with a conclusion. It provides an overview of threats and enforcement challenges associated with the increasing use of cryptocurrency; enumerates the criminal and civil statutes and regulatory framework used to investigate and regulate illegal crypto-related activities; and outlines ongoing challenges for businesses involved with cryptocurrency, and future strategies for investigating and prosecuting crypto involved crimes.
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El Salvador Becomes the First Country to Adopt Bitcoin as Legal Tender
by: Anya Thepot | Blockchain Law Center | (09/09/2021)
On September 7, 2021, El Salvador became "the world's first crypto-nation.
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SEC Charges Global Crypto Lending Platform in $2 Billion Bitcoin-Related Ponzi-Like Scheme
by: Ella Markina | Blockchain Law Center | (09/08/2021)
The SEC sued a crypto lending platform and its top executives alleging they were involved in a global $2 billion fraud, confirming the SEC’s recent commitment to enforcement actions relating to digital asset and crypto investment misconduct.
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SEC Settles Enforcement Action Against Crypto Exchange for Operating as an Unregistered National Securities Exchange
by: Matthew B. Comstock | Blockchain Law Center | (08/13/2021)
The SEC recently settled an enforcement action against Poloniex, LLC for operating as an unregistered national securities exchange. Poloniex operated a digital asset trading platform.
Blockchain Litigation Database
The Blockchain Litigation Database tracks blockchain and cryptocurrency-related litigation using a data-based, analytical approach to enable subscribers to follow the development of the case law, analyze legal risks, perform due diligence on counterparties, and more.