Debevoise on Blockchain Tokens and Initial Coin Offerings: New Year, New Perspective

By Byungkwon Lim, Morgan J. Hayes and Gary E. Murphy February 15, 2018 by Morgan J. Hayes

Sales of blockchain tokens in so-called initial coin offerings (“ICOs”)[1] exploded in 2017. According to CoinSchedule, a website that tracks ICO (or digital token sale) data, the total amount raised in ICOs in 2017 was $3,700,682,293, which compares to …

Debevoise & Plimpton Discusses Developments in the Enforcement of Token Sales

By Morgan J. Hayes, Steven J. Slutzky, Kevin R. Grondahl, Taylor Lindman and Naeha Prakash November 30, 2017 by Morgan J. Hayes

Securities and Exchange Commission (“SEC”) Chairman Jay Clayton recently discussed the uncertainties surrounding token offerings and other forms of distributed ledger-based financing.^[1] Mr. Clayton cautioned that the lack of information regarding online platforms that list and trade virtual coins …

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Morgan J. Hayes

Debevoise on Blockchain Tokens and Initial Coin Offerings: New Year, New Perspective

Debevoise & Plimpton Discusses Developments in the Enforcement of Token Sales