Luca Marquard

Sep 22, 2023 | jdsupra.com | Deric Behar |Ghaith Mahmood |Luca Marquard

In its second action involving NFTs, the SEC targets an offering tied to fundraising and promises of future value. On September 13, 2023, the Securities and Exchange Commission (SEC) issued a cease-and-desist order (the Order) against Stoner Cats 2, LLC (SC2) for an alleged unregistered securities offering relating to SC2’s sale of $8.2 million worth of non-fungible tokens (NFTs).

Sep 20, 2023 | lexology.com | Ghaith Mahmood |Nima H. Mohebbi |Stephen Wink |Douglas K. Yatter |Adam Zuckerman |Luca Marquard | +1 more

In its second action involving NFTs, the SEC targets an offering tied to fundraising and promises of future value. On September 13, 2023, the Securities and Exchange Commission (SEC) issued a cease-and-desist order (the Order) against Stoner Cats 2, LLC (SC2) for an alleged unregistered securities offering relating to SC2’s sale of $8.2 million worth of non-fungible tokens (NFTs).

Jul 25, 2023 | lexology.com | Jack Barber |Jenny Cieplak |Benjamin Naftalis |Stephen Wink |Douglas K. Yatter |Adam Zuckerman | +2 more

A bifurcated decision in a highly anticipated digital assets enforcement action may not provide the clarity that market participants want or need. On July 13, 2023, Judge Analisa Torres of the US District Court for the Southern District of New York issued an order on motions for summary judgment in the civil enforcement action brought by the Securities and Exchange Commission (SEC) on December 22, 2020, against Ripple Labs Inc.