“The Great Thawing”: SEC Pro-Crypto Moves & the Clarity Act
Written by: Aaron Krowne, Esq. The United States Securities and Exchange Commission (SEC) and its staff have been extremely-active during the summer of 2025 (see our articles on many of their Spring moves here), issuing new guidance and signaling a shift toward more acceptance, engagement and clarity for digital asset markets. At the same time, […]
The Next Era of Stablecoins
Stablecoins are no longer just a crypto experiment—they’re reshaping finance. By combining the stability of fiat money with blockchain’s efficiency, they’re streamlining cross-border payments, fueling DeFi, and attracting major financial players. As adoption grows, companies like Stripe are integrating stablecoins into mainstream payments, while Wall Street firms like Cantor Fitzgerald are deepening their involvement with […]
Uniswap’s Response to the SEC Wells Notice
Written by Aaron Krowne Uniswap, a prominent decentralized exchange (DEX) in the cryptocurrency space, recently responded to a Wells Notice from the U.S. Securities and Exchange Commission (SEC), which accused the DEX of operating an unregistered securities exchange and claimed that its interface and wallet were functioning as unregistered securities brokers. This notice is a […]
FIT-21 Crypto Regulatory Bill Has No “Utility”
The recent FIT-21 crypto regulatory bill has sparked significant debate within the industry. It was formally introduced in Congress by a bipartisan group of legislators who recognize the importance of establishing a clear regulatory framework for digital assets. The bill aims to address regulatory uncertainties and provide a structured approach to handling cryptocurrencies and related […]
Memecoin Mania Heats Up as the SEC Targets 30+ Tokens
Written by Laura “LC” Cole and Aaron Krowne The act of launching a blockchain token is not, intrinsically, problematic, but everything done in preparation for and in support of after said launch must be navigated thoughtfully with appropriate professional advisers. SEC and DOJ complaints from the past few years allege over thirty problematic tokens are […]
SEC v. Ripple Summary Judgment: “Bullish” for Crypto
On June 13th, 2023, Southern District of New York federal judge Analisa Torres issued her summary judgment order in the case of SEC v. Ripple[1] (the “Ripple SJ Order,” or “Order,” herein). The Order surprised many observers (and pleased most of the blockchain industry) by finding against the SEC on a majority of its main […]
DFS “Coin Listing” Proposal Expands the NY BitLicense
The comments below are in response to the New York DFS’s new proposed Coin Listing Policy Framework (the “Proposal” or the “Framework”) extension to the DFS Part 200 (the “BitLicense”) regulation, released on 12/11/2019 (available here. The DFS has provided only until January 27, 2020 to get comments in to innovation@dfs.ny.gov, so please read the Proposal and […]
Token Offerings: Blockstack (Reg A+) vs. Telegram (Reg D)
(*) Some of the biggest news of the past half-year on the US crypto regulatory front has been (1) Blockstack’s successful (qualified) “Reg A+” filing with the SEC and associated offering, and (2) the SEC’s lawsuit and injunction against Telegram, blocking distribution of their “Grams” tokens, sold pursuant to earlier “SAFTs” (Simple Agreements for Future […]
“Decentralized” No More: SEC Drops Blockchain Test?
Another takeaway of mine from the SEC’s April 3rd releases was noting a striking shift in gears from the SEC. Namely, there was a conspicuous lack of emphasis on the “degree of decentralization” of blockchain token-issuers as applied to the security-vs-utility analysis of their tokens (I didn’t mention this in my earlier post, to keep it as short […]
SEC’s Digital Asset Framework & Token No-Action Letters
Yesterday was a big day in blockchain legal news, as the SEC put out two releases (combined here) that arguably constitute the biggest advances in token-sale securities law policy since the DAO Report in 2017. The two releases were a “Framework for ‘Investment Contract’ Analysis of Digital Assets” by the SEC’s new FinHub (providing a guide for […]