Earlier this week it was announced by the Securities and Exchange Commission (SEC) that it had settled with Block.one, creator of EOS, regarding allegations of issuing unregistered securities during an initial coin offering (ICO) that raised a record-breaking $4 billion. The fine assessed by the SEC was a mere $24 million. Chump change in comparison to the billions collected…

Rimon Law Fintech Partner, Dror Futter, recently contributed to a cointelegraph.com bitcoin article. Since early 2018, Craig Wright, a controversial Australian computer scientist and tech entrepreneur, has been the defendant in a lawsuit filed on behalf of the estate of Dave Kleiman, Wright’s late business partner. The claim alleged that following Kleiman’s death in 2013, Wright unlawfully appropriated more than a…

Rimon Partner Dror Futter will be co-chairing PLI’s Blockchain 2.0: 2019 Legal & Regulatory Developments Program. He will be joined by Rimon Partner Marc Kaufman who will present on Blockchain Patents. Host: Practising Law Institute, New York Location: 1177 Avenue Of The Americas Second Floor Entrance on 45th Street New York, NY Why You Should Attend:…

It has been two years since the SEC took its first formal action with respect to a token issuance.  Since then there has been a great deal of regulatory activity that has provided some clarity.  In this article, Rimon partner Dror Futter provides an in-depth regulatory summary of where things stand for those considering issuing…

In late 2013, seed accelerator Y Combinator introduced the SAFE (simple agreement for future equity) – a convertible instrument designed to make seed stage investing quicker and less expensive. Rimon Law’s FinTech Partner, Dror Futter, highlights changes to the SAFE made by Y Combinator this fall in a crowfunderinsider.com article. Read more here. In addition to a growing blockchain…

FinTech Partner, Dror Futter, has authored a chapter on “Blockchain Law: ICO Regulation and Other Legal Considerations in the Blockchain Ecosystem,” for the second edition of Practicing Law Institute’s (PLI) treatise, Financial Product Fundamentals: Law, Business, Compliance. Read more here. ­­­­­­­­ Dror Futter focuses his practice on startup companies and their investors, and has worked with a wide…

Patent Strategy Partner, Marc Kaufman, was named FinTech Sector IP Attorney of 2019 in Washington D.C. by Corporate INTL Magazine. Marc Kaufman concentrates his practice in the area of patent strategy, in particular, advising clients in protecting, managing and monetizing their intellectual property assets. He has represented clients in defending against patent assertions in district courts and through post-grant administrative proceedings…

The SEC has issued a Cease & Desist Order and sanctions against a token issuer and its founder.  Among several findings, the SEC determined that the “Bounty Program” run by the issuer constituted a securities offering.  The Order states “a ‘gift’ of a security is a ‘sale’ within the meaning of the Securities Act when the [issuer]…

Worldwide patent filings directed to blockchain technology are increasing at an exponential rate. As a result, even the open-source ethos in the community will not insulate innovators from patent risk. Rimon’s Patent Strategy Partner, Marc Kaufman, will discuss the patent landscape, the commensurate risk, and how it can be managed with an industry-led strategy. This presentation…

Rimon’s Patent Strategy Partner, Marc Kaufman, talks about blockchain patenting strategies and how companies can prevent the risk of patent litigation as the patent war for blockchain takes off. Marc Kaufman concentrates his practice in the area of patent strategy, in particular, advising clients in protecting, managing and monetizing their intellectual property assets. He has represented…