Introducing Sidley’s Blockchain Legal Launch Pad
Adoption of blockchain and distributed ledger technology has the potential to revolutionize business and business practices in ways not seen since the advent of the internet and e-commerce.
Whether you are directly responsible for researching, developing, or implementing new blockchain initiatives, or you are executive management and need a more … Read More
SEC Issues No-Action Letter for Certain Alternative Trading Systems Trading Digital Asset Securities
On September 25, the U.S. Securities and Exchange Commission (SEC)’s Division of Trading and Markets issued its first no-action letter (Letter) to the Financial Industry Regulatory Authority, Inc. (FINRA),1 related to digital asset securities. Based on the Letter, the SEC staff (Staff) would not recommend enforcement action pursuant to … Read More
The U.S. Office of the Comptroller of the Currency Seeks Comment on Digital Innovation by Banks
The U.S. Office of the Comptroller of the Currency (OCC) has issued an Advance Notice of Proposed Rulemaking (ANPR)1 seeking input on how best to accommodate new technology and innovation in the business of banking, in connection with the OCC’s “comprehensive review” of its regulations at 12 C.F.R. part … Read More
Blockchain: Poised to Transform Business
Listen to The Sidley Podcast for an informative discussion of how blockchain, digital assets and virtual currencies are changing the way we transact
Blockchain technology has the ability to transform how business and everyday commercial transactions are conducted across industries. This emerging technology represents more than just an incremental improvement … Read More
SEC Commissioner Peirce Proposes Blockchain Token Safe Harbor
On February 6, 2020, U.S. Securities and Exchange Commission (SEC or Commission) Commissioner Hester M. Peirce (Commissioner Peirce) gave a speech describing the need for more clarity on application of the securities laws to the offer and sale of blockchain tokens or digital assets. As part of the speech, she … Read More