• Call in the experts: Jeremy Allaire of Circle, Rebecca Nelson of The Blockchain Association, and Mehrsa Baradaran of the University of California, Irvine School of Law before the U.S. Senate Banking Committee, July 30, 2019.
    Bitcoin,  Cryptocurrencies,  Libra,  Politics,  United States

    Analysis: Cryptocurrency experts tell Senate innovation requires regulation

    In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation

    A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.

  • Gaming entrepreneur and sixth grader George Weiksner, CEO of Pocketful of Quarters, got the SEC to do what only one other crypto company could—sell tokens without registering them as securities (photo via Pocketful of Quarters).
    Ethereum,  United States

    SEC allows gaming startup to sell tokens without registering them as securities

    The no-action letter issued to Pocketful of Quarters requires that the tokens cannot be sold by the general public

    Gaming startup Pocketful of Quarters (PoQ) was issued a no-action letter by the SEC’s Division of Corporation Finance (DCF) on July 25 for its plan to sell Ethereum-based Quarters tokens. These tokens will be used as in-game currencies on gaming platforms, and will be transferable from one game to another, even across platforms.

  • 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.

  • NYU Prof. Nouriel Roubini and BitMEX CEO Arthur Hayes, as they appeared in a digital flyer (via BitMEX).
    Cryptocurrencies,  United States

    Report: CFTC investigating BitMEX for trading violations

    Potential suit comes days after CEO Arthur Hayes tangled with NYU professor and cryptocurrency critic Nouriel Roubini

    On Tuesday, NYU Professor and prominent cryptocurrency critic Nouriel Roubini penned a column titled “The Great Crypto Heist,” in which he savaged a frequent target, cryptocurrency derivatives platform BitMEX, as both corrupt and crooked.