Wakanda Test for Digital Asset Classifications

With the dueling summary judgment motions filed by Ripple and the SEC in SEC v. Ripple Labs, Inc., et al, Case No. 20-CV-10832 (S.D.N.Y. ), it is time once again to revisit the hot topic of the Howey test and its application to digital assets. There has been lots of talk of what constitutes “sufficientContinue reading “Wakanda Test for Digital Asset Classifications”

Notes from Senate Hearing Regarding Proposed Bill Which Would Give CFTC Oversight on the Digital Asset Commodities Industry

On Thursday, September 15, 2022 the Senate Committee on Agriculture, Nutrition, and Forestry (the “Ag. Committee”) held a hearing to discuss Senate Bill 4760, titled the Digital Commodities Consumer Protection Act of 2022 which was introduced by Sens. Debbie Stabenow (D-MI) and John Boozman (R-AR). Senate Minority Whip John Thune (R-SD) and Sen. Cory BookerContinue reading “Notes from Senate Hearing Regarding Proposed Bill Which Would Give CFTC Oversight on the Digital Asset Commodities Industry”

Deadlines In Executive Order on Ensuring Responsible Development of Digital Assets

Early this morning, President Biden released his long-awaited Executive Order regarding crypto regulation. There is nothing shocking in the Order, and it seems to be far more crypto-friendly than many expected. Others such as TRM Labs and Jerry Brito have given succinct summaries of the Order’s contents. I highly recommend anybody interested in the topicContinue reading “Deadlines In Executive Order on Ensuring Responsible Development of Digital Assets”

(King of the) Mountain DAOs

Recently, LinksDAO raised over $10 Million USD to ultimately buy a Golf Course. About 33 and 1/2 years ago, in early December of 2021, The Mountain DAO announced on twitter that it was forming a DAO and raising capital to purchase a mountain in Virginia. The Mountain DAO has summarized its mission as: “We areContinue reading “(King of the) Mountain DAOs”