Jordan Shelton

Jordan Shelton is an associate in the Corporate Department and a member of the Private Equity and Mergers & Acquisitions Groups.

He earned a J.D. from Boston University School of Law, where he was a symposium editor for the American Journal of Law & Medicine and a director of the Homer Albers Prize Moot Court Competition. While at Boston University, he worked as a law clerk at an immigration firm and was a member of the BU Entrepreneurship & IP Clinic.

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Digital Dollars: Amid the COVID-19 Crisis, Support for a U.S. Digital Currency Emerges

By Jordan Shelton on April 9, 2020 Posted in Cryptocurrencies, Government

During congressional debates over the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a relatively novel idea was the focus of proposals from the Senate and House of Representatives: “digital dollars.” Several legislative proposals introduced the idea to address the delay between passage of the CARES Act and distribution of direct stimulus payments to … Continue Reading

U.S. House Continues to Explore Blockchain Regulation

By Jordan Shelton on March 30, 2019 Posted in CFTC, Cryptocurrencies, Government, Legislation, Regulation: Federal

Following up on their recent introduction of the Token Taxonomy Act, Representatives Darren Soto (D-FL) and Warren Davidson (R-OH) have teamed up again to introduce a new slate of bipartisan bills related to virtual currency. The two new bills, H.R. 922 and H.R. 923, were introduced on January 30, 2019 and are cosponsored by Representatives … Continue Reading

A Taxonomy of the Proposed Token Taxonomy Act

By Jordan Shelton on February 28, 2019 Posted in Government, Legislation, Securities, Tax, Token Sales

On December 20, 2018, a bipartisan pair of Congressmen, Warren Davidson (R-OH) and Darren Soto (D-FL), introduced bill H.R. 7356 to enact the Token Taxonomy Act (the “Act”). The Act proposes several amendments to federal securities and tax laws that are intended to clarify how cryptoassets should be treated thereunder. Below, we discuss the key … Continue Reading

Airfox and Paragon Settle with SEC for Unregistered ICOs: Civil Monetary Penalties Imposed; Rescission and Registration Required

By Jordan Shelton on December 5, 2018 Posted in Digital Assets, Enforcement Action, SEC, Token Sales

On November 16, the SEC announced that it settled charges against CarrierEQ, Inc. (“Airfox”) and Paragon Coin, Inc. (“Paragon”) for securities offering registration violations in connection with their respective initial coin offerings (“ICOs”). The settlement orders represent the first time the SEC has imposed civil penalties against ICO issuers solely for securities offering registration violations … Continue Reading