Navigating grey areas
In a speech in August, the SEC stated that Ethereum is no longer a security, due to its decentralization. I believe they are wrong. In this legal analysis, I explain why I believe that the blockchain-based cryptocurrency is still a security under US securities law and jurisprudence, such as the Howey-test.
This guest post is concerned with the question of the relationship between smart contracts and law and tries to develop a framework that emphasizes the legal character of smart contracts, without promoting the popular catch phrase ‘code is law’. Concepts of ‘legality’, ‘lawfulness’ and ‘jurisdiction’ are more complex than can be encapsulated by architectures or technologies that regulate or condition behaviour.
Software development based on collaborative enhancement of source code has existed informally since the 1980s (and even before). This collaboration could easily be considered the main driver of many online products and services we use every day. Although I have a broad understanding of open-source and in specific software licensing, I am…
Just 8 months ago, a blockchain project called Tezos raised $232 million with an initial coin offering. It was the biggest ICO ever. Arthur and Kathleen Breitman, the young couple that founded the project, literally raised over 10x more than their wildest estimates. 8 months later, the couple and the project is facing four class action lawsuits. How could it all go so wrong?
Thijs Maas Thijs Maas is a Dutch LLM student who developed a keen interest in the interplay between distributed ledger technologies and law. He started LawAndBlockchain.eu to help narrow the increasing gap between legal doctrine and regulatory challenges posed by blockchain-based asset classes.
In this article, I argue that the problems we see in crypto today are caused by moral hazards and the idea of a ‘regulatory wild west’, and that law is a possible solution. However, the manner in which regulation is implemented is crucial, as ICO regulation should not be (too much of) a burden to innovation.
I hear the question often: “what is Ethereum?”. This complete guide explain’s Ethereum’s potential, tokens, smart contracts, decentralised applications and intial coin offerings.
While Ethereum is praised widely, it seems a bubble is forming. In this article, the author presents Ethereum’s weaknesses.
In this article i explain why we need cryptocurrencies. I present the arguments advocating for and against bitcoin and eventually I examine whether Bitcoin is the new gold or the currency of the feature. I conclude that at best, Bitcoin is currently a store of value. At worst it is just a speculative asset.
The term ‘blockchain technology’ is increasingly used to refer to the synthesis of three distinct technologies: peer-to-peer technology, the blockchain and consensus mechanisms. In this post, the author seeks to explain these components and how they make secure distributed ledgers possible.