David Peavler

Sep 6, 2023 | mondaq.com | Dorothy Giobbe |Sarah Levine |David Peavler |Mark Rasmussen

Two SEC commissioners dissented and urged the Commission to provide further guidance on non-fungible tokens ("NFTs"). The U.S. Securities and Exchange Commission has brought its first enforcement action against sellers of NFTs. Impact Theory, the seller, agreed to settle the matter with the SEC by, among other things, destroying the NFTs and paying more than $6 million in disgorgement, prejudgment interest, and penalties.

Aug 18, 2023 | mondaq.com | Abradat Kamalpour |Sarah Levine |David Peavler |Laura Pruitt

The Situation: Recently, two judges in Southern District of New York were required to apply the Howey test in separate cases to decide whether sales of certain crypto assets were investment contracts, and thus securities.

Jul 21, 2023 | mondaq.com | David E. Aron |Kevin Comeau |J. McDonald |David Peavler

In Short The Situation: In parallel federal actions, the Department of Justice ("DOJ"), Securities and Exchange Commission ("SEC"), Commodity Futures Trading Commission ("CFTC"), and Federal Trade Commission ("FTC") brought actions against Celsius Network LLC ("Celsius") and one of its founders and former chief executive officer, Alexander Mashinsky ("Mashinsky"), and other persons related to Celsius.

Jul 20, 2023 | lexology.com | Kevin Comeau |J. McDonald |David Peavler |Laura Pruitt |Mark Rasmussen |David E. Aron

In ShortThe Situation: In parallel federal actions, the Department of Justice ("DOJ"), Securities and Exchange Commission ("SEC"), Commodity Futures Trading Commission ("CFTC"), and Federal Trade Commission ("FTC") brought actions against Celsius Network LLC ("Celsius") and one of its founders and former chief executive officer, Alexander Mashinsky ("Mashinsky"), and other persons related to Celsius.