Tag Archives: Crypto

Keeping Up with Crypto: The SEC Makes an Example of Kim Kardashian and Unlawful Celebrity Promotion of Crypto Security

Maryann Lennon – On October 3, 2022, the Securities and Exchange Commission (SEC) charged Kim Kardashian for promoting a cryptocurrency (Crypto) asset security on social media that was offered and sold by EthereumMax (EMAX) without disclosing the $250,000 payment she received in exchange for the promotion. EMAX, which launched in May 2021, is advertised as […]

Human Error: Greed, Risk, and the Collapse of FTX

Zachary J. Kosnitzky – In early November 2022, the crypto-currency exchange FTX filed for bankruptcy and its CEO, Sam Bankman-Fried, announced his resignation. The announcements marked yet another development in the popcorn-worthy corporate drama surrounding the collapse of one of the world’s largest and most stable crypto exchanges. In the weeks following FTX’s announcements, Bankman-Fried […]

The Terra and LUNA Coin Collapses Present an Opportunity to Clarify Stablecoin Regulation

Mitchell Koch – In November 2021, the SEC brought legal action against Terraform Labs (“Terraform”) and its CEO, Do Kwon, requiring their compliance with investigative subpoenas. Founded in 2018, Terraform creates cryptocurrencies for use in blockchain-based financial infrastructures. As of September 2022, Do Kwon and Terraform remain under investigation for selling unregistered securities in the […]

NFTs and fNFTs – Priceless Collectables, Digital Trinkets, or Regulatable Securities?

Sabrina Ortega – Non-fungible tokens, or NFTs, have been a major topic of conversation in the business sphere since their inception in the late 2000s. While debate rages over the financial and aesthetic value of NFTs, proponents, and skeptics can both agree that NFTs have gone from niche to mainstream over the last two years. […]