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.
We examine the early litigation trends emerging in the Blockchain industry.
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.
Other Recent Content
Future Blockchain Summit
10/27/2020 - 10/28/2020 | (07/13/2020)
Blockchain Innovation and Regulation in the European Union
06/22/2020 | (06/22/2020)
The Blockchain Event
02/09/2021 | (06/10/2020)
PPP Litigation Impacting SBA Lenders
05/21/2020 | (06/02/2020)
How To Defend Against New Wave of Cryptocurrency Class Actions