The Wall Street Journal reports today that the Securities and Exchange Commission has recently issued multiple subpoenas and requests for information in a widening investigation of cryptocurrency firms.
According to
Continue Reading SEC Widens Investigation of Cryptocurrency Companies
On Friday, Coinbase, the largest U.S.-based Bitcoin exchange, notified approximately 13,000 of its customers that it would be turning over their account information to the Internal Revenue Service within 21
Continue Reading Coinbase Notifies 13,000 of Its Customers of Upcoming Data Release to Internal Revenue Service
In a recent speech, the Under Secretary of Treasury’s Office of Terrorism and Financial Intelligence (TFI) warned of the growing threats to the U.S. financial system posed by virtual
Continue Reading Treasury Official Warns of Risks to Financial System Posed by Illicit Use of Virtual Currencies
The Internal Revenue Service has assembled a specialized team of criminal investigators to build criminal tax evasion cases involving users of Bitcoin and other cryptocurrencies, according to a Bloomberg article
Continue Reading IRS-Criminal Investigation Ramps Up Scrutiny of Cryptocurrency Transactions
Our colleagues Joshua Horn, Ernest E. Badway, and Benjamin H. McCoy have published an article about the recent release by the Securities and Exchange Commission’s Office of Compliance
Continue Reading SEC’s Office of Compliance Inspections Releases Its 2018 Examination Priorities
Over the course of the last two months, we have witnessed a flurry of enforcement activity with respect to initial coin offerings and virtual currency fraud schemes by the Securities
Continue Reading SEC’s Cyber Unit Shutters Another Alleged Initial Coin Offering Scam As Federal Cryptocurrency Fraud Crackdown Continues
Last week we reported on a flurry of enforcement activity by the Commodities Futures Trading Commission’s “Virtual Currency Task Force” with respect to virtual currency fraud schemes. On Thursday, January
Continue Reading CFTC’s Virtual Currency Task Force Files Suit to Shut Down Another Virtual Currency Scam
Yesterday the Commodity Futures Trading Commission announced two enforcement actions as part of a continuing crackdown on virtual currency fraud schemes by numerous federal agencies. (We have previously written about
Continue Reading CFTC Continues Federal Crackdown On Virtual Currency Fraud Schemes
Coindesk is reporting that Coinbase — the largest U.S.-based Bitcoin exchange and the subject of a recently-concluded “John Doe” summons dispute with the Internal Revenue Service — is reminding its
Continue Reading Coinbase Urges Bitcoin Users to Pay Their Taxes
The Securities and Exchange Commission announced yesterday that a California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering
Continue Reading SEC Continues Crackdown on Initial Coin Offerings With Cease-and-Desist Order