Insights
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Is Crypto a Security? (Part II: Utility Tokens)
Read More: Is Crypto a Security? (Part II: Utility Tokens)Since the inception of digital assets, “utility token” has been perceived as a non-security designation. However, the SEC has challenged this notion, treating utility as only one aspect of a broader evaluation under the Howey test. Courts assess whether purchasers rely on issuers’ efforts for token value, focusing on sales timing and issuer control. Even…
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Is Crypto a Security? (Part I: The Howey Test)
Read More: Is Crypto a Security? (Part I: The Howey Test)Following our Introduction, posted last week, today’s article is Part I of our multi-article series: Is Crypto a Security? U.S. securities law does not contain a dedicated statute for digital assets. Instead, the SEC and courts continue to apply the investment contract doctrine from SEC v. W.J. Howey Co.—a 1946 Supreme Court case involving orange…
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Is Crypto a Security? (Introduction)
Read More: Is Crypto a Security? (Introduction)The classification of crypto assets as securities remains a complex issue in 2025, despite years of regulatory scrutiny. Courts have varied in their interpretations, distinguishing between the tokens themselves and their sales context. While the SEC’s aggressive enforcement has created uncertainty within the regulatory environment, recent indications show a possible shift towards clearer guidelines and…
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Are Smart Contracts Legally Enforceable?
Read More: Are Smart Contracts Legally Enforceable?Smart contracts are often considered legal if they adhere to traditional contract principles, despite being blockchain-based. Enforcement depends on consent, consideration, and intent. Some states affirm the legality of smart contracts, while courts focus on assent rather than code alone. Challenges arise from hidden terms, liability issues, and the necessity for dispute resolution mechanisms. To…
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SEC’s Approach to Digital Assets: Key Insights from Paul Atkins
Read More: SEC’s Approach to Digital Assets: Key Insights from Paul AtkinsIn Paul Atkins’ speech, “The SEC’s Approach to Digital Assets,” he indicates a shift in the SEC’s regulatory stance, from strict enforcement to embracing digital asset innovation while prioritizing market integrity. He introduces a taxonomy for digital assets, distinguishing between securities and non-securities based on their functionality. Atkins highlights that tokens might evolve from investment…
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CFTC Emphasizes Existing Frameworks for Crypto Regulation
Read More: CFTC Emphasizes Existing Frameworks for Crypto RegulationActing CFTC Chairman Caroline D. Pham outlined a regulatory strategy for digital assets during her speech to the UK All-Party Parliamentary Group on Blockchain Technology. Emphasizing the importance of leveraging existing frameworks, she introduced initiatives like the Crypto Sprint, committed to engaging directly with market participants, and highlighted the need for coordination with international regulatory…
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Polymarket Approved to Relaunch: What It Means for Prediction Markets
Read More: Polymarket Approved to Relaunch: What It Means for Prediction MarketsPolymarket has secured CFTC approval to relaunch in the U.S. after three years, following its acquisition of QCEX. The CFTC granted a no-action letter allowing QCX and QC Clearing to bypass certain reporting rules for event contracts. This marks a significant regulatory shift recognizing prediction markets as legitimate financial instruments, enhancing competition in the sector.
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SEC and CFTC Joint Statement on Spot Crypto Trading
Read More: SEC and CFTC Joint Statement on Spot Crypto TradingThe SEC and CFTC’s joint statement clarifies that registered exchanges can facilitate trading in certain spot crypto-asset products, promoting regulatory clarity and market innovation. While not binding, it encourages compliance and proactive engagement from exchanges. This marks a shift toward supportive regulation in the U.S. crypto landscape, focusing on investor protection and market integrity.
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Navigating NFTs and Intellectual Property Law
Read More: Navigating NFTs and Intellectual Property LawAs NFTs transition from collectibles to commercial tools, the legal framework around intellectual property is uncertain, particularly concerning copyright and AI-generated works. Ownership rights often remain undefined, complicating the NFT landscape. Creators must establish clear licensing, ensure human authorship, and address royalty enforcement to mitigate legal risks in this evolving environment.
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FBI Warns of Fraudulent Law Firms Targeting Crypto Victims
Read More: FBI Warns of Fraudulent Law Firms Targeting Crypto VictimsOn August 13, 2025, the FBI warned about fraudulent law firms targeting cryptocurrency scam victims, exploiting vulnerability under false pretenses of recovery assistance. These sophisticated scams employ manipulative tactics and fake affiliations. Victims should adopt a Zero Trust approach, verify identities, maintain records, and report any suspicions to mitigate risks.