Blockchain technology utilizes a distributed digital ledger to record and track information, and can be leveraged to gain transparency and certainty in transactions ranging from cryptocurrency to supply chain tracking. This blog provides information on the legal developments surrounding implementation of blockchain technology, with an initial focus on the financial services sector.
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Recently, the SEC has used its authority in Exchange Act Section 12(k) to suspend trading in the stock of four issuers that reflects the SEC’s concern about the public market for an issuer’s stock influenced by potentially unfounded claims about the use of, or association with, blockchain technology and cryptocurrencies. A trading suspension can have a significant impact on the subsequent market for the issuer's stock.
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Litigation Trends in the Blockchain Industry
by: Daniel M. Payne , Cameron S. Matheson | (February 21, 2018)
We examine the early litigation trends emerging in the Blockchain industry.
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We examine a report issued by Ernst & Young on the state of Initial Coin Offerings (ICOs) and offer our comments.
Other Recent Content
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SEC Staff Issues Second Utility Token No-Action Letter
(08/15/2019)
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Blockstack Examined: What the First Reg A+ Token Offering Looks Like
(08/12/2019)
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Synchronize
04/17/2019 (08:00 AM - 05:45 PM) | (04/22/2019)
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Six Trends Emerge in Murphy & McGonigle’s Newly Published “Blockchain Litigation: 2018 Year in Review Report”
(02/07/2019)
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SEC Divisions' Statement on Digital Assets
(11/21/2018)