• Theodore R. Snyder attorney profile image

    Arbitration in the cryptocurrency world promises to be very different from traditional “securities” arbitrations against broker-dealers. The latter are conducted pursuant to the strict rules and procedures of the Financial Industry Regulatory Authority. In contrast, the parties likely to be involved in cryptocurrency disputes have far greater freedom in determining which disputes are arbitrable, the particular arbitration forum and venue for resolving the disputes, and the applicable procedures and remedies. The article attached, which appeared in Law360 on May 30, examines the predispute arbitration clauses that certain major digital asset exchanges require customers to agree to as a condition of opening an account, and considers how arbitrations in the cryptocurrency world will differ from traditional securities arbitration and the ramifications for industry participants.

  • Did your company prepare for GDPR, Europe’s sweeping new data privacy law? Joseph Facciponti and Katherine McGrail’s Cybersecurity Law360 article details how companies can show momentum toward GDPR compliance by moving quickly and prioritizing their compliance efforts.

  • The CFTC's Division of Market Oversight and Division of Clearing and Risk recently issued an advisory providing guidance to exchanges and clearinghouses regarding virtual currency derivatives to be listed or cleared.  Entities already listing or clearing virtual currency derivatives, as well as those considering doing so, should be aware of the compliance and enforcement implications stemming from the advisory.

  • Our newly published report, Cryptocurrency Regulatory Developments, is authored by five lawyers in our FinTech & Blockchain Practice.

  • To date, conscientious traders of digital assets and cryptocurrencies have mostly sought regulatory refuge under the quilt of state money transmission laws.

  • Joseph P. Facciponti attorney profile image

    Last week, the SEC and DOJ filed civil and criminal insider trading charges against a former Equifax executive for selling shares of Equifax stock prior to public disclosure of the company’s massive data breach.  The case demonstrates an increased emphasis by the SEC on cybersecurity-related disclosures and follows closely on the heels of updated SEC guidance that admonishes public companies to disclose material cyber risks and incidents and to adopt policies and procedures to prevent insider trading on undisclosed data breaches.