In its third action involving NFTs, the SEC targets a restaurant membership token tied to fundraising and promises of potential price appreciation for buyers....more
9/23/2024
/ Cease and Desist Orders ,
Corporate Counsel ,
Cryptoassets ,
Enforcement Actions ,
Howey ,
Investment Contract ,
Marketing ,
Membership Interest ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Token Sales ,
Unregistered Securities
A complaint filed in federal court will test the boundaries of protection from liability for individuals behind decentralized autonomous organizations.
On May 2, 2022, a putative class action was filed in the US District...more
5/11/2022
/ Blockchain ,
Corporate Counsel ,
Corporate Liability ,
Corporate Veil ,
General Partnerships ,
Hackers ,
Jurisdiction ,
Limited Liability Company (LLC) ,
Negligence ,
Partnerships ,
Phishing Scams ,
Piercing the Corporate Veil ,
Putative Class Actions ,
Respondeat Superior ,
Securities Tokens