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NFTs: Boon or Burden for Artists and Investors?

By: Lauren Mack and Ilana Faibish NFTs (or Non-Fungible Tokens) are the latest blockchain-based craze to take over the Internet. Memes, tweets, sports highlights, Charmin toilet paper GIFs, and yes, even quarantine flatulence recordings have been minted into NFTs...

Is Ethereum a Security?

SEC Chairman Jay Clayton recently confirmed in a letter that Ethereum and similar cryptocurrencies are not securities. This letter was in response to Representative Ted Budd’s letter asking the SEC to clarify the criteria used in determining whether a...

Are STOs the New ICOs?

November 28, 2018

As the SEC continues to crack down on noncompliant ICOs and token exchanges, many investors and crypto developers are expected to embrace the trend of adopting security token offerings, or STOs, due to the surer regulatory framework in which...

The Chuck E. Cheese Test for Whether a Token is a Security

January 18, 2018

Cryptocurrency markets are still nascent, and most people are still trying to work out how they will develop, and how blockchain can be applied to the wider variety of business cases. There is not much guidance from the government,...

Cryptocurrency, the Howey Test, and Munchee’s Guidance on How to Apply it

January 10, 2018

Corporate and securities lawyers utilize the Howey test to determine whether a transaction is an “investment contract,” or more simply whether it involves offering a security, and therefore is subject to certain reporting and disclosure requirements. A transaction will...

US Regulators & Your Cryptocurrency: It’s Complicated

December 22, 2017

This is the first in a series of posts in which I’ll examine the US regulations that impact cryptocurrency businesses. Many describe bitcoin and other cryptocurrencies as being unregulated. As a blanket statement, this is not true. What is...

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