On September 30, 2020, a New York federal judge agreed with the SEC that Kik Interactive Inc.'s sale of its cryptocurrency, Kin, violated securities laws.  The case had been one of the most hotly contested concerning the application of securities laws to the sale of cryptocurrency.

The fifth entry in a series of blog posts focused on trends and analytics derived from Murphy & McGonigle's Blockchain Litigation Database.

The fourth entry in a series of blog posts focused on trends and analytics derived from Murphy & McGonigle's Blockchain Litigation Database.

The third entry in a series of blog posts focused on trends and analytics derived from Murphy & McGonigle's Blockchain Litigation Database.

The second entry in a series of blog posts focused on trends and analytics derived from Murphy & McGonigle's Blockchain Litigation Database.

The first entry in a series of blog posts focused on trends and analytics derived from Murphy & McGonigle's Blockchain Litigation Database.

The staff of the SEC’s Division of Trading and Markets has issued a no-action letter that permits Paxos Trust Company, LLC (“Paxos”) to operate a limited type of blockchain-based clearing agency.  Although the no-action letter places tight limits on who and what can clear and settle securities transactions through the Paxos system, and how that settlement has to occur, this is the first time the SEC has allowed market participants to operate in regulatory sandbox.