Stablecoins are marketed as a “killer app” that can perform three roles simultaneously.[1] They aspire to operate as a money-market instrument with a state-of-the-art holding system.[2] They not only bridge real-world accounts and blockchain wallets but aim to …

Cryptocurrency enthusiasts rejoiced when the Securities and Exchange Commission (SEC) approved the listing of bitcoin – and ether-based exchange-traded products (ETPs) – on U.S. stock exchanges earlier this year. There is yet a certain irony in this outcome: Why did …

Class-action litigation for fraud on the market typically focuses on purchasers and sellers of stock. Yet those that traded in options on the shares can also be harmed. In a recent paper, we draw from experience in In re Apple, …

In Spring 2023, Bittrex, Coinbase and Binance – among the largest cryptoexchanges in the world – found themselves in the crosshairs of the U.S. Securities and Exchange Commission (SEC) for operating as unregistered securities exchanges, broker-dealers, and clearing agencies. …