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.
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Blockchains buys the creators of The DAO project
Slock.it’s hugely popular project was robbed of $50 million and then used by the SEC to claim oversight of ICOs
The company behind The DAO project has been acquired by incubator and developer Blockchains.
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Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).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.
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This blank white paper still has more detail than most because it has the name of an actual person on it (via Shutterstock)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…
