Cryptocurrency and the SEC’s Jurisdiction: What You Should Know
The emergence of cryptocurrencies created a growing interest to financial institutions because of its good investment opportunity that could drive financial revolution. However, due to its rapid and expanding growth, the cryptocurrency market becomes an avenue for violations and criminal activities.
With the goal to protect investors from cryptocurrency-based risks, the Securities and Exchange Commission (SEC) heightens its crackdown on cryptocurrency market. The increased scrutiny on investigation and compliance on cryptocurrency are expected to create a myriad of compliance challenges and hurdles for companies. Thus, it becomes essential that businesses are updated and well-versed with the emerging regulatory developments as well as critical issues surrounding this topic. They must proactively revisit their practices to ensure compliance and avoid legal liabilities.
Listen as attorneys, R. William Cornelius (Torres Law) and Tom Ahmadifar (Perkins Coie), provide the audience with an in-depth discussion of the regulatory trends and updates in SEC’s examination priority for cryptocurrencies. The speakers will also address emerging risk issues and offer best compliance practices in this evolving legal climate.
This LIVE Webcast will discuss the following:
- Intensified Crackdown in the Crypto Market
- Notable Cases
- Emerging Issues and Challenges
- Risk Mitigation Techniques
- Best Compliance Practices
- What Lies Ahead
Torres Law, P.A
- Overview of Securities Regulation
- SEC’s Current Regulation of Crypto-Assets
- SEC “Framework for ‘Investment Contract’ Analysis of Digital Assets
- The Four-Prong Howey test
- SEC’s First No-Action Letters
- TurnKey Jet Inc.’s
- Establishing A Coherent Framework for the Regulatory Treatment of Cryptocurrencies
- Timothy Massad, the former chairman of the Commodity Futures Trading Commission, report titled “It’s Time to Strengthen the Regulation of Crypto-Assets
Perkins Coie LLP
The Basics of Market Structure, how DLT might lend efficiencies, and the central role the SEC will play:
- Listing standards
- SIPC coverage
- Issues around custody and control
- Good control locations
- Clearing Agencies
- Central clearing counter-parties
- Qualified ETC vendors
- Settlement process
- Transfer Agents
Mr. Cornelius is an Associate Attorney at Torres Law, P.A., and currently works on general corporate matters as well as offering documents for private placements and EB-5 investments. Mr. Cornelius is a 2014 graduate of Nova Southeastern University’s Shepard Broad Law Center and is a member of the Florida Bar. Mr. Cornelius received his Bachelor of Science degree in Sport Management from Guilford College in Greensboro, North Carolina.
Mr. Cornelius is an Associate Attorney at Torres Law, P.A., and currently works on general corporate matters as well as …
Tom Ahmadifar primarily advises clients on regulatory issues under federal and state securities, commodity, and banking laws. In addition, as a member of the Blockchain Technology & Digital Currency group, Tom advises clients on regulatory considerations related to fintech, including robo-advisers, cryptocurrency and other virtual tokens, and blockchain technology.
Tom Ahmadifar primarily advises clients on regulatory issues under federal and state securities, commodity, and banking laws. In addition, as a …
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Method Of Presentation:
General knowledge of securities law
NY Category of CLE Credit:
Areas of Professional Practice
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About Torres Law, P.A
Torres Law, P.A., is a South Florida law firm that concentrates on complex corporate and securities law matters. We have extensive experience in the preparation of offering documents for issuers involved in hotel development, multi-family residential, senior living, healthcare, STOs. In addition, the firm often serves as outside general counsel to various businesses and handles a multitude of matters including joint ventures, mergers and acquisitions, financings, employment, licensing, distribution, franchising and licensing matters.
About Perkins Coie LLP
Perkins Coie is a leading international law firm that is known for providing high value, strategic solutions and extraordinary client service on matters vital to their clients’ success. With more than 1,000 lawyers in offices across the United States and in Beijing, Shanghai and Taipei, they provide a full array of corporate, commercial litigation, intellectual property and regulatory legal advice to a broad range of clients, including many of the world’s most innovative companies and industry leaders as well as public and not-for-profit organizations.