Goodwin Procter

Goodwin was excited to once again sponsor and host a client event in connection with Consensus 2023, the world’s largest, longest-running and most influential gathering that brings together all sides of the cryptocurrency, blockchain and Web3 space. Co-chairs Mitzi Chang, Grant Fondo, and Karen Ubell, in addition to Partners Jonathan Hecht, Darin See, Meghan Spillane,

On Jan. 7, Anatoly Legkodymov, founder of the cryptocurrency exchange Bitzlato, was arrested in Miami. The following day, the U.S. DOJ unsealed a complaint in federal court charging him with “conducting a money transmitting business that transported and transmitted illicit funds.” According to the DOJ, Bitzlato failed to meet U.S. regulatory safeguards, including Anti-Money Laundering

On February 28, 2023, the National Futures Association (NFA), the self-regulatory organization for U.S. derivatives market participants, submitted to the Commodity Futures Trading Commission (CFTC) for approval a new Compliance Rule 2-51: Requirements for Members and Associates Engaged in Activities Involving Digital Asset Commodities.
Compliance Rule 2-51 would impose compliance obligations in respect of

Throughout a tumultuous 2022, the digital currency and blockchain space saw a number of significant investigation, litigation, and enforcement matters as regulators continue their laser focus on the industry. Our 2022 Year in Review, authored by members of Goodwin’s leading Digital Currency and Blockchain team, recaps the most significant litigation and enforcement developments from the

In a recent client alert, Goodwin partner John Servidio and associate Adam Fovent discuss the International Swaps and Derivatives Association’s (ISDA) Digital Asset Derivatives Definitions. As ISDA CEO Scott O’Malia observed, the Digital Asset Definitions are intended to “establish an unambiguous, standardized contractual framework for digital asset derivatives under the umbrella of

What’s the SEC’s reach on emerging blockchain technologies and what does that mean for crypto in the United States? In the newest SpeakBold Fireside Chat, Stronghold’s Sarah Lane sits down with Digital Currency & Blockchain Technology partner Karen Ubell to discuss.
The post Crypto Lawyer Karen Ubell on Crypto Regulation, the SEC, and

In a first of its kind enforcement action, the Commodity Futures Trading Commission (“CFTC”) is attempting to hold participating members of a decentralized autonomous organization (“DAO”) liable for alleged violations of the Commodity Exchange Act (“CEA”) and CFTC regulations. The CFTC argued (1) that the DAO is an unincorporated association; (2) that on the basis

Many in the crypto industry have been calling for clear guidance from government regulators, especially as new sectors like DeFi evolve and high-profile companies collapse. Jonathan ShapiroComplex Litigation & Dispute Resolution partner, said that SEC registration creates new challenges for companies and investors, especially because they haven’t been issued explicit guidance. “There’s no