Originally published on February 6, 2020 SEC Commissioner Hester Peirce Proposes 3-Year Safe Harbor Period for Crypto Tokens Coindesk reported today that SEC Commissioner Hester Peirce (“Crypto Mom”) has formally proposed a safe harbor to give token projects the ability to sell tokens, and a three-year window to achieve the coveted, yet illusive “sufficiently decentralized”…
Originally published on September 25, 2020 If you’re a cryptocurrency company in America, chances are you have sought, or should seek, guidance on the Florida Money Transmission License (“MTL”) requirements. Most companies look to avoid this license, as it’s costly, time consuming, and for many cryptocurrency companies, it’s been considered unnecessary. Yet, failure to apply…
Originally published on September 25, 2020 There’s an old legal maxim that the grand jury has a right to every man’s evidence. This Maxim remains true today and the means by which the grand jury retrieves that evidence is through grand jury subpoenas, for testimony, for documents, or for other evidence. What is a Grand…
Originally published on December 31, 2020 I hope everyone is doing well and gearing up for a Merry Christmas! Bitcoin hit a new all time high on Sunday, December 20th, of $24,190! As you may have heard, FinCEN issued a notice of proposed rule making — they gave a whole 15 days for comments —…
Introduction. In a significant move to regulate virtual currency kiosk businesses, Florida has introduced a new bill during the 2024 Regular Session. Bill S0662 is sponsored by republican representative Colleen Burton. The bill is set to bring substantial changes to the way virtual currency kiosk businesses operate. Overview of Bill S0662. Bill S0662, introduced on…
Navigating the complex world of fundraising regulations is crucial for entrepreneurs and investors alike. In the United States, three significant regulatory frameworks governing private equity capital raises, Regulation D, Regulation A, and Regulation Crowdfunding. Regulation D Reg D provides exemptions under the Securities Act of 1933 that enable companies to raise capital from private investors…
Recently, the state regulators put New York-based Signature Bank into receivership, causing many to question the limits of the government’s power to take over private property. While the bank was not taken over as a result of insolvency, it was done as a preventative measure to protect depositors and ensure the bank’s stability. Signature Bank…