What Was: Security and Utility Tokens Almost two years have disappeared in a heartbeat, but nothing much substantial appears to have changed on the US securities regulatory landscape for blockchain tokens and other digital assets. When it comes to any substantive pronouncement, the date of The Securities and Exchange Commission’s (SEC) Strategic Hub for Financial Innovation…

While the spotlight has recently been on established auction houses anti-money laundering (“AML”), counter-terrorism and sanctions compliance, and the prospect of the United States, like the United Kingdom and the European Union before it, making AML compliance mandatory for art industry protagonists, there appears to be little focus on the broader reluctance of established auction…

I.  Introduction In 2017, the UK’s Financial Conduct Authority (“FCA”) announced that it will not require the calculation and publication of interbank offered rates (“IBORS”) beyond 2021.  The absence of a guaranteed IBOR after 2021 has triggered one of the largest and intricate challenges that financial markets have confronted to date.  Trillions of dollars of…

The SEC announced a series of amendments (likely to be effective early next year) to the rules governing private offering exemptions – by far the most frequent path for venture fundraising. The amendments retain the same “menu” of exemptions but make incremental improvements. For the early-stage community, the amendments include a very useful provision that excludes “Demo…

Patrick Devine’s article in Benzinga examines the use of tax evasion as an enforcement strategy in the prohibition era and highlights the recent use of the strategy by the California Department of Tax and Fee Administration to prosecute illegal cannabis businesses.  It then discusses potential federal enforcement in California as the DEA is in the early…

USCIS issued a policy alert (PA-2020-11) (the “Policy Alert”) on July 24, 2020, to disclose recent amendments to its internal policy manual governing the “redeployment” of EB-5 capital. The Policy Alert applies expressly to all Form I-526 and Form I-829 petitions pending on or after the date of publication. The Policy Alert lacks any language indicating…

Date & Time January 13th, 2020. 12:30pm to 1:30pm EST Location Online Webinar Presenters Chaim Book is a Partner at Moskowitz & Book. Chaim received his law degree from Columbia University School of Law, where he was a Harlan Fiske Stone Scholar. Prior to forming Moskowitz & Book, LLP in 1996, Chaim spent over 15 years at prestigious law…