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SEC Staff Statement Concludes Protocol Staking Is Not a Securities Transaction

On May 29, 2025, the SEC’s Division of Corporation Finance (Corp Fin) released a Statement on Certain Protocol Staking Activities clarifying that certain crypto asset staking activities on proof-of-stake (PoS) blockchain...more

New Digital Asset Regulatory Framework: Analysis of the Latest Discussion

In a significant development for the digital asset industry, Republican lawmakers from the U.S. House Committees on Financial Services and Agriculture have released a comprehensive discussion draft of proposed legislation...more

SEC Outlines Disclosure Expectations for Offerings and Registrations of Securities in Crypto Asset Markets

On April 10, 2025, the SEC’s Division of Corporation Finance (the Division) released a statement providing its views on disclosure requirements for Offerings and Registrations of Securities in the Crypto Asset Markets....more

SEC’s Corp Fin Says Most Stablecoins Are Not Exchanged in Securities Transactions

On April 4, the SEC released a Statement on Stablecoins. In the statement, the Division of Corporation Finance provides its view that offers and sales of a certain subset of crypto assets commonly known as “stablecoins”...more

SEC Statement on Crypto Mining Signals Shift Away from Securities Enforcement

On March 20, the SEC released a Statement on Certain Proof-of-Work Mining Activities. In the statement, the Division of Corporation Finance (Corp Fin) provides its view that many proof-of-work mining activities are not...more

Entertainment or Investment? The SEC’s Stance on Meme Coins as Securities

On February 27, 2025, the Securities and Exchange Commission’s (SEC) Division of Corporation Finance (Corp Fin) published a new staff statement intended to clarify the application of federal securities laws to meme coins....more

The Legal Landscape for DAOs: Key Lessons from Lido DAO and Ooki DAO

As is the case with much of the blockchain industry, decentralized autonomous organizations (DAOs) are unique. The existence of a DAO does not necessarily imply the existence of a legal entity or an intent to share profits....more

How the Current SEC Could Affect Ongoing Crypto Enforcement and ‘Impact Litigation’

As the crypto industry eagerly awaits regulatory clarity, some early glimpses of the new administration’s policy priorities may be found in resolutions of ongoing Securities and Exchange Commission cases against exchanges and...more

Looking Under the Hood of $TRUMP’s Legal Strategy

On Friday, January 17, 2024, President Donald J. Trump announced the launch of the $TRUMP memecoin, which was organized and sold by CIC Digital, an affiliate of the Trump Organization. Within 60 hours, $TRUMP reportedly...more

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