By Professor Tonya M. Evans
Welcome to this week’s CryptoSmartEsq News, my carefully curated list of current legal issues and events in blockchain and crypto.
If you’re new to this exciting, fast-developing space, check out the introductory video in the first CryptoSmartEsq news post. Follow me on Twitter at @CryptoSmartEsq (my blockchain and crypto-focused feed) and @IPProfEvans (my intellectual property-focused feed) and #EvansontheBlock for daily legal bits & bytes. Affiliate links noted with $.
I took a month-long hiatus from CryptoSmartEsq™ News for personal and professional travel and commitments. And boy has a LOT happened in this time. I am reminded what actual breaking news is … it happens every few minutes or so, it seems, in the blockchain ecosystem.
In fact, I’ve changed my Top Story three times in as many days. I won’t attempt to capture every bit of law-related news that happened since the last issue. But I will hit the high notes so dive in to this week’s #CryptoSmartEsq news.
~ Tonya Evans @IPProfEvans & @CryptoSmartEsq
This week’s #CryptoSmartEsq News includes:
- SEC’s comments on crypto ETFs
- MasterCard wins patent
- Thailand tests digital fiat
- CFA exam to include cryptocurrency questions
- Prof. Evans has 8 blockchain events now through the end of October
Leave a comment and tweet me your news items.
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SEC Delays Decision on Asset Manager’s Bitcoin ETFs Until September
The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday.
In the latest edition of the Federal Register, the SEC explains that it is postponing any decision over the possible approval of ETF proposals filed by Direxion Investments in January – one of which will match bitcoin’s price and four of which are based on the cryptocurrency’s price movements.
Mastercard won a U.S. patent on Tuesday for a method of speeding up cryptocurrency payments.
The document, published July 17 by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have “seen increased usage over traditional fiat currencies by consumers who value anonymity and security,” the wide disparity in payment processing times between the two classes of assets puts cryptocurrencies at a “disadvantage.” [Read more …]
The cryptocurrency and blockchain technology industry is already crowded with firms eager to nab high-tech startups as clients or help legacy clients navigate a brave new world. But some BigLaw firms have gone further. [Read more …]
Law & Government
Cases and Enforcement Actions
… the rise in class action lawsuits around ICOs coincides with a larger, “historic” incidence of class action securities lawsuits since 2016, with more than 750 federal securities class actions having been filed since halfway through that year. That’s the most prolific 24-month period since the Private Securities Litigation Reform Act of 1995 was enacted, according the the report. [Read more …]
Cryptocurrencies and blockchain technologies are making serious headway in the financial industry, the most recent sign being the decision by the CFA Institute, which offers the Chartered Financial Analyst designation, a three-level program, to include cryptocurrencies and blockchain to its Level I and II curriculums next year, according to Bloomberg. The material for the 2019 exams will be available in August.
The topics are part of a new section called Fintech in Investment Management. The CFA, based in Charlottesville, Va., added these topics in response to rising interest based on focus groups and surveys. [Read more …]
Professor Evans to speak at the following events:
August 9, 2018
August 10, 2018
August 24, 2018
September 21, 2018
- Panelist, SMU Dedman School of Law Intellectual Property Symposium. The theme of this year’s symposium is Disruptive Ideas and Emerging Technology. Keynote speakers include Karyn Temple, Acting Register of Copyrights, and James Smith, Chief Intellectual Property Counsel, Ecolab (Dallas, TX)
September 25-26, 2018
October 4, 2018
- Presenter, World Intellectual Property Organization Lunchtime Learning (Geneva, CH) (internal presentation re: IP & Blockchain)
October 18, 2018
- Presenter, BYU Copyright and Trademark Symposium, Cryptokitties, Cryptography & Copyright (Provo, UT). The paper will be published in the BYU Copyright and Trademark Symposium Issue of the American Intellectual Property Law Association Quarterly Journal.
October 26-27, 2018
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