Blockchain and the Law

Tag Archives: SDNY

Three Critical Questions That Will (Hopefully) be Answered by the SEC’s Lawsuit against Ripple

By Timothy W. Mungovan, Joshua M. Newville and Samuel J. Waldon on Posted in Bitcoin, Cryptocurrencies, Digital Assets, Enforcement Action, Initial Coin Offerings, SEC, Securities
Late last year, the SEC filed a litigated action in the U.S. District Court for the Southern District of New York against Ripple Labs Inc. and two of its executive officers (collectively, “Ripple”), alleging that Ripple raised over $1.3 billion in unregistered offerings of the digital asset known as XRP. Ripple opted not to file a motion … Continue Reading

Court Sides with SEC in Ruling to Prevent Telegram from Distributing Grams

By Allen S. Li and Ayisha McHugh on Posted in Cryptocurrencies, Initial Coin Offerings, Litigation: Civil, SEC, Securities
In the latest development in the ongoing dispute between the SEC and Telegram Group Inc. (Telegram), Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York in a March 24, 2020 opinion granted the SEC’s motion for preliminary injunction to prevent Telegram from distributing Grams purchased in its initial … Continue Reading
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