Powers On... Why the fear of ICO enforcement and liability is coming to an end
Eleven class actions against crypto firms and their founders started with a bang and will end with a whimper — as they should. Powers On... is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, Crypto and Regulatory Considerations.”Well, well, well. It seems that some of those class-action law firms that ferret out possible securities....
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A former SEC attorney argues that Ripple's Brad Garlinghouse and Chris Larsen are being asked for documents that seem to demonstrate significant overreach. Powers On... is a new monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on 'Blockchain, Crypto and Regulatory Considerations.'While I was in private law practice for 35 years, after serving for five....
Europol, the European Union's top law enforcement agency in charge of criminal intelligence, is urging legislators to provide law enforcement with greater powers to identify criminal activities online, including digital money laundering. Europol is not a law enforcement agency in the traditional sense, but rather furnishes EU law enforcement agencies with support, including intelligence, information exchange, expertise and training. The organisation launched the European Cybercrime Centre last year, and one of its goals is to target organised groups that make their money online. Digital....
Bitcoin has been referred to as a tool that makes it easier for terrorist groups to acquire funding. The recently-acquired enhanced cyber powers by Europol may be used to crack down on Bitcoin and blockchain. In this day and age of digital information and online connectivity, it is hard for law enforcement agencies to sniff out culprits in a convenient....
With the new Investigatory Powers Act, the UK government can now force communication companies to create backdoor access for them. The definition of democracy and fundamental rights have changed over time. Each passing day, the governments are working hard to turn their respective countries into military states. The United Kingdom, with its latest Investigatory Powers Act, is soon going to make NSA and other US law enforcement organizations look like second-rate agencies. These developments are a gross violation of privacy in the name of national security and the only way to save one’s....
Does distributed presence create distributed liability? Does participation in a blockchain based decentralized autonomous organization (DAO) subject you to worldwide liability? While a one-sized fits all rule isn't possible, it may help to understand what jurisdiction means and how Courts acquire it.[1] (If you're trying to understand why this even matters, you'll find this author's views on the subject in an earlier post titled "How to Sue a DAO"). 1. What is jurisdiction anyway? Jurisdiction refers to a Court's authority to apply laws to disputes between parties and to do so in....