Jones Day Partner, Receiver Discusses Digital Asset Challenges in ICO Suit
Mark Rasmussen, a litigation partner at Jones Day in Dallas, has been appointed as the first-ever receiver in an initial coin offering enforcement action taken by the SEC a month ago against AriseBank.
February 26, 2018 at 08:14 PM
8 minute read
The original version of this story was published on The Recorder
The U.S. Securities and Exchange Commission ramped up a series of enforcement actions against initial coin offering (ICO) frauds toward the end of last year and beginning of 2018.
As the regulator and its new leader, former Sullivan & Cromwell partner Walter “Jay” Clayton III, vow to be “on high alert” for companies breaking securities laws, the SEC has also created new opportunities for the lawyers advising the cryptocurrency industry on certain investments.
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