• Libra,  People,  United States

    Cryptocurrency attorney and advisor Joshua Klayman has a new role

    Mother of Blockchains is taking over the U.S. fintech, blockchain, and digital assets practice at one of the world’s biggest law firms, Linklaters.

    A leading attorney in the blockchain and cryptocurrency business, Klayman has joined Linklaters as the U.S. Head of FinTech and Blockchain & Digital Assets, the firm announced on July 18. Linklaters ranked 12th in Law.com’s 2018 Global 200 survey of the highest grossing law firms in the world. Headquartered in London, it has a strong practice in the finance and banking, and the technology market, among other areas.

  • Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).
    United States

    SEC’s long-awaited ICO guidance didn’t change anything, says Wall Street Blockchain Alliance’s Joshua Klayman

    Crypto investors who thought the agency’s plain English guidance would suddenly free them from securities laws were unrealistic

    The Securities and Exchange Commission’s much heralded “plain English” guidance on what makes an ICO a security wasn’t the good news many people thought it was. That is, wrapped in nicer language, the conclusion reached on May 16 by the Wall Street Blockchain Alliance, which had 11 attorneys and its chairman, Ron Quaranta, studying the document for nearly six weeks.

  • ICO white paper
    Alt coins,  Innovators,  Regulation,  United States

    Study rings alarm bells on some of the biggest ICOs

    Findings show troublesome inconsistencies with many popular token offerings

    What many of the biggest ICOs promised in their white papers aren’t found in their code—and that could pose a serious problem for investors. That’s the conclusion of a study that came out this week titled “Coin-Operated Capitalism”. The 104-page report bills itself as “the legal literature’s first detailed analysis of the inner workings of Initial Coin Offerings” and their findings show troublesome inconsistencies on the part of many popular ICOs. A University of Pennsylvania team headed by law professor David Hoffman with comp sci doctoral student Shaanan Cohney, JD/MBA grad Jeremey Sklaroff, and CTIC fellow David Wishnick wrote the piece. “We began with simple curiosity about smart contracts,” said…