Non-Fungible Insights: Blockchain Decrypted

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On November 7, 2022, the United States District Court for the District of New Hampshire ruled that the digital asset LBRY Credits (LBC), offered to purchasers by LBRY, Inc., is an unregistered security for U.S. federal securities law purposes. This summary judgment follows a March 2021 Securities and Exchange Commission (SEC) enforcement action in which

On September 22, 2022, the Commodity Futures Trading Commission filed a complaint against Ooki DAO, a decentralized autonomous organization, and its members for (i) offering to enter into and executing leveraged retail commodity transactions outside of a registered futures exchange, (ii) failing to register as a futures commission merchant, and (iii) failing to implement know-your-customer

Summary of the U.S. Department of the Treasury’s Action Plan to Address Illicit Financing Risks of Digital Assets. On September 16, 2022, the U.S. Department of the Treasury (Treasury), the Department of Justice (DOJ), and other U.S. government agencies released eight highly anticipated reports[1] (the Reports) on different aspects of digital asset regulation, setting forth

Winston’s Digital Assets & Blockchain Technology Group summarizes the Treasury’s Report on the opportunities and risks associated with crypto-assets and its recommendations to protect U.S. consumers and businesses.On September 16, 2022, the U.S. Department of the Treasury (Treasury), the Department of Justice (the DOJ), and other U.S. government agencies released eight highly anticipated reports[1] (the

In its Report, the White House recognizes that digital assets require a significant amount of energy resources with potential harmful environmental effects, while at the same time potentially playing an important role in climate-monitoring and mitigating initiatives.On September 16, 2022, the U.S. Department of the Treasury (Treasury), the Department of Justice (the DOJ), and other

In the Executive Order on Ensuring Responsible Development of Digital Assets, the Biden-Harris Administration stressed the need for research and development concerning the potential design and deployment options of a U.S. CBDC.On September 16, 2022, the U.S. Department of the Treasury (Treasury), the Department of Justice (the DOJ), and other U.S. government agencies released eight

Winston & Strawn’s Digital Assets & Blockchain Technology Group reviews the DOJ’s Report issued pursuant to the Executive Order on Ensuring Responsible Development of Digital Assets.On September 16, 2022, the U.S. Department of the Treasury (Treasury), the Department of Justice (the DOJ), and other U.S. government agencies released eight highly anticipated reports[1] (the Reports)

Last month, various federal government agencies released eight highly anticipated reports on different aspects of digital asset regulation, setting forth the agencies’ respective legislative, regulatory, and policy recommendations and priorities. Treasury and DOJ Signal Tough Regulation and Strict Enforcement
On September 16, 2022, the U.S. Department of the Treasury (Treasury), the Department of Justice (the DOJ),

On October 3, 2022, the Securities and Exchange Commission (SEC) issued a cease-and-desist order against media personality Kim Kardashian for violations of Section 17(b) of the Securities Act of 1933, which makes it unlawful for any person to promote a “security” without fully disclosing the receipt and amount of compensation received for such promotion. Section