A Light Regulatory Touch On Initial Coin Offerings
Law360, New York (August 1, 2017, 4:55 PM EDT) -- Earthworm farms have qualified. So have chinchilla breeding programs. And decades ago, the U.S. Supreme Court in Howey found that certain real estate contracts for tracts of land with citrus groves constituted "securities" under the federal securities laws because, among other things, they involved an investment with the expectation of profits from the efforts of others.
In light of such a broad definition of securities, both proponents and critics of a newish method for raising capital, called initial coin offerings (ICOs), could be forgiven for being underwhelmed with the equivocal nature of a U.S. Securities and Exchange Commission pronouncement on the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!