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Digital asset custodial company BitGo recently unveiled its purchase of Harbor, an online platform for digitized securities. “Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe said in a Feb. 18 statement provided to CryptoX. “Acquiring Harbor furthers BitGo’s vision of building a new digital
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Donna Redel is the former Chairman of COMEX, a Board Member of New York Angels and an Adjunct Professor of Law at Fordham Law School. Olta Andoni is an Adjunct Professor at Chicago-Kent College of Law. Peirce's CoinDesk op-ed is here. Further reactions were published here and here. In February,
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BitGo is expanding beyond crypto custody with the takeover of a onetime poster child of the adjacent market for digital securities.Harbor’s subsidiaries, which include a broker-dealer regulated by the Financial Industry Regulatory Authority and a transfer agent supervised by the Securities and Exchange Commission, are included in the acquisition, the
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Carol Van Cleef is Chair of the Blockchain and Digital Assets Team at the law firm Bradley Arant Boult Cummings. Addison Yang is CEO of Luminous Group, an advisor on blockchain projects. Peirce's CoinDesk op-ed about the safe harbor proposal is here. Preston J Byrne's take is here. We confess
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Preston Byrne, a columnist for CoinDesk's new opinion section, is an attorney at Byrne & Storm, where he advises cryptocurrency miners, decentralized protocol developers, custom software development shops, and interactive computer services businesses. This is his bi-weekly column, “Not Legal Advice,” an opinionated roundup of bigger legal topics in the
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Hester Peirce is a Commissioner at the Securities and Exchange Commission. The views here are her own and do not necessarily reflect the views of the SEC Commission or her fellow Commissioners. She can be contacted at CommissionerPeirce@sec.gov.Earlier this month, I proposed a securities law safe harbor for token distributions.
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The token industry is applauding SEC Commissioner Hester Peirce’s “Safe Harbor” proposal, calling it a mature response to the 2017 ICO bubble.Announced the day before decentralized finance (DeFi) protocol 0x’s 0xpo conference last Friday in San Francisco, founders, lawyers and tokenization fanatics of all stripes said the proposal a boon
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Will a newly proposed "safe harbor" transform the U.S. regulatory landscape for token projects? CoinList CEO Andy Bromberg discusses.Last week, SEC Commissioner Hester Peirce proposed Rule 195 to give token projects a three-year safe harbor. This proposed period would allow them to distribute tokens without fear of violating securities law
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United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed safe harbor for token projects.After initially floating the idea in August 2019, Peirce has now formally presented a regulatory vision that would create a safe harbor for projects that raise funds to build decentralized networks.Peirce proposes
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SEC Commissioner Hester Peirce wants to give legitimate crypto projects a shot at success without running afoul of U.S. securities laws.The two-year official at the Securities and Exchange Commission – nicknamed “CryptoMom” by the blockchain community – has formally proposed a safe harbor for token projects. It would give them
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