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Dec 5, 2024 | 
mondaq.com | Carl A. Fornaris |Andrew Hinkes |Kimberly Prior |Daniel Stabile
On November 18, 2024, in Samuels v. Lido
DAO,1 the United States District Court for the
Northern District of California denied some defendants' motions
to dismiss, finding that the plaintiff sufficiently alleged that a
decentralized autonomous organization (DAO) is
a partnership under California law, and consequently that these
defendants may be liable as general partners.
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Dec 4, 2024 | 
mondaq.com | Andrew Hinkes |Kimberly Prior |Daniel Stabile
WS
Winston & Strawn LLP
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Winston & Strawn LLP is an international law firm with 15 offices located throughout North America, Asia, and Europe. More information about the firm is available at www.winston.com.
The Fifth Circuit Court of Appeals held that Tornado Cash's immutable smart contracts are not the "property" of a foreign national or entity, meaning:
United States
Litigation, Mediation & Arbitration
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Oct 11, 2024 | 
mondaq.com | Andrew Hinkes |Kimberly Prior |Daniel Stabile
Regulatory uncertainty has haunted the digital asset space since
its inception. The U.S. Securities and Exchange Commission (SEC)
and the Commodity Futures Trading Commission (CFTC) have been
engaged in a multi-year turf war over which agency has the power to
regulate various aspects of digital assets.
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Jul 9, 2024 | 
law360.com | Eden L. Rohrer |Andrew Hinkes |Joshua Durham
By Eden Rohrer, Andrew Hinkes and Joshua Durham (July 9, 2024, 5:40 PM EDT) -- On June 3, Dapper Labs agreed[1] to settle a putative class action brought by private plaintiffs, subject to court approval in the U.S. District Court for the Southern District of New York, putting to rest allegations[2] that its NBA-endorsed non-fungible tokens were offered and sold as unregistered investment contract securities.... Law360 is on it, so you are, too.
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Jun 20, 2024 | 
natlawreview.com | Andrew Hinkes
Much has been written about the effort it takes to have a new app approved by the Apple App Store. With good reason, Apple’s strict approval process ensures quality and maintains the standards of its ecosystem.
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Jun 17, 2024 | 
jdsupra.com | Joshua Durham |Andrew Hinkes |Eden L. Rohrer
Dapper Labs (Dapper) has agreed to settle a putative class action suit brought by private plaintiffs, subject to court approval, putting to rest allegations that its NBA-endorsed nonfungible tokens (NFTs) were offered and sold as unregistered investment contract securities. The terms of the settlement, including acts undertaken by Dapper to decentralize its network, may be a model for third parties who wish to avoid securities liability in connection with offering digital asset NFT collectibles.
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Jun 17, 2024 | 
mondaq.com | Andrew Hinkes |D. McNair Nichols |Joshua Durham |Eden L. Rohrer
Dapper Labs (Dapper) has agreed to settle a putative class action suit
brought by private plaintiffs, subject to court approval, putting
to rest allegations that its NBA-endorsed nonfungible
tokens (NFTs) were offered and sold as unregistered investment
contract securities. The terms of the settlement, including acts
undertaken by Dapper to decentralize its network, may be a model
for third parties who wish to avoid securities liability in
connection with offering digital asset NFT collectibles.
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Jun 12, 2024 | 
klgates.com | Eden L. Rohrer |Andrew Hinkes |D. McNair Nichols |Joshua Durham
Dapper Labs (Dapper) has agreed to settle a putative class action suit brought by private plaintiffs, subject to court approval, putting to rest allegations that its NBA-endorsed nonfungible tokens (NFTs) were offered and sold as unregistered investment contract securities. The terms of the settlement, including acts undertaken by Dapper to decentralize its network, may be a model for third parties who wish to avoid securities liability in connection with offering digital asset NFT collectibles.
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Feb 1, 2024 | 
mondaq.com | Andrew Hinkes |Eden L. Rohrer |D. McNair Nichols |Joshua Durham
The BarnBridge decentralized autonomous organization (the DAO),
along with its founders, agreed to a cease-and-desist order
(Order), settling charges brought by the US Securities and Exchange
Commission (SEC) finding that its products were securities under
federal law.
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Jan 26, 2024 | 
jdsupra.com | Joshua Durham |Andrew Hinkes |Eden L. Rohrer
The BarnBridge decentralized autonomous organization (the DAO), along with its founders, agreed to a cease-and-desist order (Order), settling charges brought by the US Securities and Exchange Commission (SEC) finding that its products were securities under federal law.
