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10 Key Points of the Lummis-Gillibrand Crypto Bill

On June 7, Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) unveiled the long-awaited 69-page draft of the Lummis-Gillibrand Responsible Financial Innovation Act (“Act”). The Act is meant to create a regulatory framework for digital assets, pioneer legal reform and regulation across various regulatory entities, and update current laws with language regarding digital assets. All cryptocurrency […]

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

FBI Seizes $4.275 Billion in Stolen Cryptocurrency

By: Charles Gianelloni, Las Vegas Partner and Eddie Curry, Las Vegas Diversity Writing Intern (Curry is not admitted to practice law) On February 8, 2022, two individuals were arrested for conspiracy to launder cryptocurrency stolen during the 2016 hack of Bitfinex, a Hong Kong-based virtual currency exchange. According to court documents, Ilya Lichtenstein, 34, and […]

| 2 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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Welcome to our blog!

Welcome to “The Blockchain Law Blog”, a new blog created by Snell & Wilmer’s Blockchain and Digital Currency practitioners. We’re excited to share our thoughts and insights with you about this rapidly-evolving practice area. Our goal is to provide timely, relevant and helpful updates and analysis on legal developments in the blockchain and digital currency […]

| 1 min read | Tagged: ,
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