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Crypto Regulation Outlook in 2019 — What Is the Global Scenario?

Crypto Map As the global investor community starts to become increasingly aware of what crypto has to offer, it appears as though this burgeoning asset class is becoming more and more accepted. This is probably best highlighted by the fact that after experiencing bearish conditions all through 201..

Reconciling Blockchain Technology With California Consumer Privacy Act

Expert Take The California Consumer Privacy Act of 2018 (CCPA), which goes into effect on Jan. 1, 2020, has signaled a new push in the United States to strengthen and broaden privacy regulations, similar to the trends seen in the European Union through the passage and implementation of the General..

Court Denies Craig Wright’s Motion for Judgment in Kleiman V. Wright

News Judge Bruce Reinhart has denied a motion from Craig Wright in the ongoing Kleiman V. Wright saga. Wright apparently filed for a judgment on the pleadings in a two-pronged attack — neither of which met with sympathy from the court. The court issued its decision on Aug. 15. As stated in the cou..

US Financial Regulators Reach $7M Settlement Over PlexCorps ICO

News The United States Securities and Exchange Commission (SEC) has reached a multi-million dollar settlement with PlexCorps owner Dominique Lacroix, business partner Sabrina Paradis-Royer and PlexCorps over an allegedly fraudulent initial coin offering (ICO). The SEC submitted its settlement agre..

Bitmessage Developer: Craig Wright Faked Documents on Bitcoin Creation

News The developer of peer-to-peer messenger Bitmessage, Jonathan Warren, testified against Australian computer scientist Craig Wright stating that some of Wright’s documents in a recent trial were faked. Per a court document released on Aug. 13, Warren testified in the course of an ongoing lawsui..

Maryland State Government Participating in Operation Cryptosweep

News The Attorney General of Maryland announced that the state is participating in Operation Cryptosweep. Maryland Attorney General Brian E. Frosh announced that state regulators would be participating in the initiative in a press release published on Aug. 14. Operation Cryptosweep is a joint init..

New England Firm Settles With SEC Over Allegedly Unregistered $6.3M ICO

News A New England-based firm has settled with the United States Securities and Exchange Commission (SEC) over an allegedly unregistered $6.3 million initial coin offering (ICO). According to an SEC announcement published on Aug. 12, SimplyVital Health, Inc. announced plans to conduct an ICO in or..

Disgruntled Investor Appeals to U.S. SEC Guidelines in Class Action Suit Against Ripple

News XRP investor Bradley Sostack has amended a class action suit against Ripple, in which he alleges that the company misled investors and proceeded to sell XRP as an unregistered security, in violation of federal law. Sostack submitted his latest filing on Aug. 5 to a United States district cour..

US Court Temporarily Freezes $8M in Response to SEC Request Yesterday

News A United States District Court has entered an emergency freeze to preserve $8 million of a New York citizen and two of his entities’ related assets following the U.S. Securities and Exchange Commission (SEC) complaint filed on Aug. 12. Per the SEC's announcement published on Aug. 13, the..

Congressional Research Service Examines Blockchain in Energy Sector

News The Congressional Research Service has released a report that examines, among other things, the potential advantages and disadvantages of pursuing blockchain-based solutions for the energy sector. The Congressional Research Service released their findings in a report on Aug. 9, entitled “Bitc..

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