Simona Mola and An WangApril 16, 2018, 1:29 PM EDT
Law360 (April 16, 2018, 1:29 PM EDT) -- Startups and projects raised $5.6 billion through initial coin offerings last year and are keeping up the pace in 2018. At the beginning of this year, the aggregate market capitalization of cryptocurrencies hit an all-time high of more than $800 billion in early January, before severely falling. Despite the recent significant drop in value, some foresee that the cryptocurrency market will hit the $1 trillion mark in 2018.
The increasing popularity surrounding cryptocurrencies has fostered much legal debate. It appears that, when it comes to cryptocurrencies,...