U.S. Securities and Exchange Commission building in Washington, D.C. Credit: Mike Scarcella / NLJ
Mayer Brown’s Matthew Rossi, co-leader of the firm’s securities litigation and enforcement practice in Washington, D.C., talks about how to respond to an SEC subpoena connected to its probe of initial coin offerings and SAFTs.
March 28, 2018 at 01:51 PM
1 minute read
Editor-at-large
The original version of this story was published on National Law Journal
You’ve probably heard by now about the U.S. Securities and Exchange Commission serving scores of subpoenas on cryptocurrency companies and investors concerning initial coin offerings in the United States. One report says more than 80 such writs, possibly hundreds, have been issued.
The blitz follows a number of pronouncements from the top U.S. securities regulator that many ICOs may be running afoul of U.S. securities laws.
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