Shareholder Daniel Alter proposes that a collaborative effort between federal and state authorities in providing custodial services for cryptocurrencies and other digital assets would help the market for digital assets to develop more quickly and responsibly in a by-lined article for The WLF Legal Pulse entitled, “Addressing the Custody Conundrum: A Cooperative Federal / State Effort to Build Market Infrastructure and Regulatory Clarity Around Digital Assets.” The WLF Pulse is the publication of the Washington Legal Foundation.

Murphy & McGonigle’s leading FinTech & Blockchain Practice is pleased to publish a new edition of “Who’s On the Block,” a roundup of blockchain conferences, trends and upcoming events.

Three practices at Murphy & McGonigle, the financial services and regulatory law firm, have been recognized as National Tier One in the 2019 edition of the U.S. News & World Reports and Best Lawyers “Best Law Firms.” This marks the seventh consecutive year that Murphy & McGonigle has earned National Tier One status in the “Best Law Firms” survey.

Recent SEC enforcement action found that a digital token operated as an unregistered securities exchange. In a settlement, the token's founder agreed to disgorgement of $313,000 and a penalty of $75,000.