The Biden Administration’s cryptocurrency policy has taken shape over the past 3+ years amidst significant market developments and wide-ranging perceptions of the Administration’s motives and intentions for the industry. While Biden’s election in November 2020 engendered hopes of both regulatory clarity and potential industry growth
Security Today, Non-Security Tomorrow: Have Recent Crypto Decisions Under the Howey Test Created Unworkable Standards?
Judge Torres’s summary judgment opinion in the SEC v. Ripple (S.D.N.Y. July 13, 2023) litigation was a detailed, carefully reasoned analysis under SCOTUS’s 77-year-old Howey test. But subsequent decisions—including Judge Torres’s subsequent October 3, 2023 order denying leave for interlocutory appeal—reveal that the Ripple
New Crypto Tax Rules: Dynamis Quick Take
I. Introduction
In November of 2021, Congress passed the Infrastructure Investment and Jobs Act, which amended cryptocurrency tax reporting obligations under 26 U.S.C. § 6045. This amendment began to apply “January 1, 2023”, meaning the tax reporting obligations take effect this tax year
Crypto Terminology Cheat Sheet
- Decentralized Finance (DeFi): The overall ecosystem of crypto-currency and blockchain. DeFi is a response to issues with centralized financial exchanges (banks, brokerages, etc.) and uses the new technologies of crypto and blockchain to remove third party intermediaries. It allows for direct peer-to-peer financial transactions.
Decrypting The Proposed Digital Asset Anti-Money Laundering Act of 2023
I. Introduction
In the rapidly evolving and novel world of cryptocurrency, legal and regulatory developments have the potential to shape the trajectory of the industry just as much as companies and consumers, if not more. The proposed Digital Asset Anti-Money Laundering Act of 2023
5 Crypto Decisions From 2023 Every Lawyer Should Know
5 Under the Radar Crypto Decisions from 2023: What You Need to Know
2023 was a big year for crypto litigation. SEC cases against Ripple and Coinbase dominated the headlines. But, a number of other decisions (some known, some not known) have the potential to