Coinbase is being sued by investors for misleading the public
A securities class action lawsuit was filed against Coinbase Global Inc. alleging violation of the U.S. securities law.
July 29, 2021
Where Technology Meets Law
The blockchain technology offers us the innovation, efficiency and trust. Its transparency, decentralization and immutability give it a competitive edge over the traditional methods currently used in many fields. However, an integration of the blockchain technology faces a number of challenges.
One of the most difficult is its legal regulation, which varies from country to country. In the U.S., the existing law applies to crypto- and decentralized finance products despite specific reference to it. For instance, to determine whether something constitutes a security or not, the HOWEY TEST is often applied.
Companies that violate the law may face government enforcement actions and class action lawsuits from private parties
IN THE NEWS
Crypto lending platform BlockFi is ordered to cease operations
New Jersey Acting Attorney General obtained a cease-and-desist court order against BlockFi, a crypto lending platform.
July 21, 2021
Coinschedule.com settles a lawsuit filed by the SEC
A once popular website for the upcoming ICOs has been investigated by the SEC for violation of the U.S. securities law.
July 20, 2021
Another class action lawsuit is filed in connection with the ICO
Dfinity group of entities as well as Polychain Capital and Andreessen Horowitz are being sued for violation of securities law.
July 16, 2021
SEC obtained a cease-and-desist order against Loci Inc.
The SEC obtained a cease-and-desist order against Loci Inc. and its SEO John Wise in relation to the ICO of LOCIcoin.
June 25, 2021
The receiver is appointed in the case against Coinseed Inc.
The New York Attorney General secures a court order appointing the receiver to protect investors funds during litigation proceedings.
June 10, 2021
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