-
Jan 16, 2025 | 
blockchain.bakermckenzie.com | David Zaslowsky
BitMEX is one of the world’s largest cryptocurrency trading platforms. On August 10, 2021, the U.S. District Court for the Southern District of New York entered a Consent Order that the U.S. Commodities Futures and Trading Commission agreed to with five companies charged with operating BitMEX. The order required the BitMEX entities to pay a $100 million civil monetary penalty. See hereBitMEX is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles.
-
Jan 13, 2025 | 
blockchain.bakermckenzie.com | David Zaslowsky
Cryptocurrency has been a topic of significant debate and evolution worldwide, and Kenya is no exception. The journey of cryptocurrency regulation in Kenya is a tale of transformation from initial skepticism and outright opposition to eventual acceptance and legalization. In the early 2010s, as cryptocurrencies like Bitcoin began gaining global attention, Kenya’s financial landscape was primarily dominated by traditional banking systems and mobile money services like M-Pesa.
-
Dec 31, 2024 | 
openlegalblogarchive.org | David Zaslowsky
-
Dec 3, 2024 | 
blockchain.bakermckenzie.com | David Zaslowsky
In an opinion issued on November 26, 2024, a unanimous three-judge panel of the United Staes Court of Appeals for the Fifth Circuit reversed a lower court’s decision and held that the United States Treasury Department did not have the right to sanction Tornado Cash because the statute that Treasury relied on authorized sanctions against “property” and Tornado Cash is not property. This blog post is a summary of the content of the court’s opinion.
-
Nov 26, 2024 | 
blockchain.bakermckenzie.com | David Zaslowsky
We have previously written about the recent decision that allowed a lawsuit to go forward against Shaquille O’Neal and others related to his role in the Astrals Project. Shaq and his son, Myles O’Neal, were founders of the Astrals Project.
-
Nov 25, 2024 | 
law.com | Lawrence Newman |David Zaslowsky
Who Got The Work Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct.
-
Nov 18, 2024 | 
blockchain.bakermckenzie.com | David Zaslowsky
Those familiar with the career of Elon Musk and his use of tongue-in-cheek conventions (such as tweeting about taking Tesla private at $420 a share), were probably not surprised, based on the many reports of actions he took relating to Dogecoin, that the new government commission he has been tasked with co-leading has the acronym DOGE (Department of Government Efficiency).
-
Nov 6, 2024 | 
blockchain.bakermckenzie.com | David Zaslowsky
Coinme Inc. describes itself as a company that started with a handful of Bitcoin ATMs but now has thousands, which is just one of the means by which it offers the public access to cryptocurrencies. In an Order dated October 25, 2024 and made public on November 4. 2024, Connecticut’s Banking Commissioner (the “Commissioner”) suspended Coinme’s ability to transfer money in Connecticut.
-
Oct 8, 2024 | 
blockchain.bakermckenzie.com | David Zaslowsky
On January 10, 2024, after 10 years of saying “no,” the United States Securities and Exchange Commission (SEC) approved the application for eleven spot Bitcoin exchange-traded funds (ETFs). Within four months, Bitcoin hit record highs and more than $30 billion was invested in the Bitcoin ETFs. Then, on May 23, 2024, the SEC surprised the crypto community when it effectively approved the sale of spot Ether ETFs (see here). Those ETFs started trading in late July (see here).
-
Oct 8, 2024 | 
lexology.com | David Zaslowsky
On January 10, 2024, after 10 years of saying “no,” the United States Securities and Exchange Commission (SEC) approved the application for eleven spot Bitcoin exchange-traded funds (ETFs). Within four months, Bitcoin hit record highs and more than $30 billion was invested in the Bitcoin ETFs. Then, on May 23, 2024, the SEC surprised the crypto community when it effectively approved the sale of spot Ether ETFs (see here). Those ETFs started trading in late July (see here).
