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Federal Judge Says CFTC Can Regulate Virtual Currencies

On March 6, a Federal District Court in the Eastern District of New York entered a 79-page order that provides the Commodity Futures Trading Commission (CFTC) the power to pursue virtual currency fraudsters.  Judge Weinstein held that the CFTC has standing to seek relief related to misleading advice, fraudulent schemes, and misappropriation of virtual currencies, […]

| 3 min read | Tagged: , ,

Do write a white paper. Don’t write a prospectus.

Initial coin offerings, or ICOs, represent a new funding mechanism for companies building blockchain-based business models. The company’s “white paper” has become the go-to document for evaluating these new blockchain-based business models. Sometimes, the white paper is a deeply technical document. Many times, however, it reads more like a marketing brochure to hype a future ICO, and […]

| 6 min read | Tagged: , , , , ,
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