• Who’s On the Block
    (07/27/2018)

    Murphy & McGonigle’s leading FinTech & Blockchain Practice is pleased to publish the second edition of “Who’s On the Block,” a roundup of blockchain conferences, trends and upcoming events.

  • Who’s On the Block
    (06/22/2018)

    Murphy & McGonigle lawyers will be attending and speaking at Blockchain conferences around the country and internationally in the coming weeks. Who’s On the Block features a summary of the conferences, trends, thought leadership and sponsorships in which our leading FinTech & Blockchain Practice is involved.

  • Whether digital assets are securities under Federal securities law or something other than a security, and therefore outside those provisions, is a pressing question.  On June 14, 2018, William Hinman, the Director of the Division of Corporation Finance at the Securities and Exchange Commission, provided valuable insights about current staff thinking and offered future guidance for market participants.  However, parsing the analysis in respect of a particular digital asset remains a daunting task.

  • This article addresses the problem of how to separate capital-raising securities from utility tokens.  The proposed solution is to use the basic SAFT model, but add a mechanism that extinguishes the capital-raising securities and results in the distribution only of utility tokens.

  • Arbitration in the cryptocurrency world promises to be very different from traditional “securities” arbitrations against broker-dealers. The latter are conducted pursuant to the strict rules and procedures of the Financial Industry Regulatory Authority. In contrast, the parties likely to be involved in cryptocurrency disputes have far greater freedom in determining which disputes are arbitrable, the particular arbitration forum and venue for resolving the disputes, and the applicable procedures and remedies. The article attached, which appeared in Law360 on May 30, examines the predispute arbitration clauses that certain major digital asset exchanges require customers to agree to as a condition of opening an account, and considers how arbitrations in the cryptocurrency world will differ from traditional securities arbitration and the ramifications for industry participants.

Events Calendar

About this Site

This site is a Murphy & McGonigle resource for those interested in legal developments in the application of blockchain technology. We regularly work with financial services companies that have a stake in legal and regulatory developments impacting blockchain technology. We created this site to provide the current status of the law surrounding this technology and its application in the financial services sector.

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