Venture capital investors with a penchant for more expansive views of preferred stockholder rights have cause for pause. While fundamentally more a commentary on drafting mechanics than anything, the ruling delivered by the...more
Questions surrounding the use of virtual currencies and other digital tokens (“tokens”) as compensation came to the forefront last month following formal guidance from the U.S. Securities and Exchange Commission (“SEC”) on...more
The Howey test lives on—now in a lesson in what not to do when it comes to token offerings.
Token offerings, also known as “initial token offerings,” “token launches,” “token sales,” “initial coin offerings,” or “ICOs,”...more
7/27/2017
/ Capital Markets ,
Capital Raising ,
Emerging Growth Companies ,
Financial Institutions ,
Howey ,
Initial Coin Offering (ICOs) ,
Investment Contract ,
Private Equity Funds ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Venture Capital