White Collar partner Robertson Park is a featured contributor to a chapter of the recently published book, Integrity for Competitiveness: On the Road with Compliance Officers. The book, which is authored by Phillippe Montigny, is published by Ethic Intelligence.
This article discusses the statement of the SEC's Divsions of Corporation Finance, Investment Managementa and Trading and Markets relating regulatory approaches to digital assets. We discuss in particular the path to compliance for entities that issued securities in a manner that did not comply with the registration requirements of the federal securities laws.
Would-be custodians for cryptocurrencies and other digital assets seem very bullish these days. Mike Belshe, CEO of BitGo, Inc.—a leading developer of cryptocurrency security products that was recently approved by South Dakota to operate a state-chartered trust company—opined that “[c]ustody has been the missing piece of cryptocurrency market infrastructure and this gap has kept institutional investors out of the market.”
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.