In 2022, the Uniform Law Commission adopted new amendments to the model Uniform Commercial Code ("UCC") to address cryptocurrency transactions, including secured lending involving digital assets. These amendments have been enacted by at least five states (Washington, New Mexico, Colorado, Indiana Continue Reading
The SEC Takes on Lindsay Lohan, Jake Paul and Six Other Celebrities Over Paid Crypto Posts
The Bottom Line The SEC is continuing to make good on its repeated warnings that it will aggressively enforce Section 17(b) of the Securities Act against influencers, including mainstream celebrities, who fail to disclose the nature, scope and amount of compensation received in exchange for their Continue Reading
New York Gets Tough on Virtual Currency
Going forward, it looks like crypto companies that make it in New York will be able to make it anywhere. All over, at the state and federal level and internationally, turmoil in the crypto industry is leading to increased scrutiny. In New York, home of the comprehensive (some would say onerous) Continue Reading
Reuters Legal News | Clawback to the Future: Avoidance Actions in Crypto Bankruptcies
When the history books are written, it may be said that the biggest event to shake the crypto world was not the crypto bankruptcies of 2022, but rather, the clawback of billions of dollars in crypto value in those bankruptcies. Since summer 2022, five major crypto companies have filed bankruptcy: Continue Reading
New Regulations, New Bankruptcy Law will be FTX’s Legacy
State of Play: Crypto Regulations in the Wake of the FTX Collapse
The course of regulatory reform in the U.S. related to digital assets is likely about to change as a result of the allegations against Sam Bankman-Fried and FTX affiliated entities in bankruptcy. Prior to FTX’s bankruptcy, and with Bankman’s support, the industry was gaining traction in promoting Continue Reading
Wealth Management Real Estate | Maturing CMBS Loans Face Greater Refinancing Hurdles
Joseph Cioffi was quoted in a Wealth Management Real Estate article, "Maturing CMBS Loans Face Greater Refinancing Hurdles." Continue Reading
Webinar | Advertising, Marketing and Promotions: Cryptoassets, including NFTs and Fan Tokens – a UK and U.S. Perspective
On April 7, Davis+Gilbert will co-host a webinar with UK firm Lewis Silkin entitled, "Advertising, Marketing and Promotions: Cryptoassets, including NFTs and Fan Tokens – a UK and U.S. Perspective." Louis P. DiLorenzo, Davis+Gilbert Advertising + Marketing associate, will be joined by both Wendy Continue Reading