325277
Philipp Petkevitch
@petkevitch #325277
Ask me about law |
Head of web3&crypto practice at Buzko Krasnov law firm
1208 Follower 83 Following
325277
Philipp Petkevitch
@petkevitch·12:25 26/02/2025
Last week in crypto regulation (February 17 - 23):
325277
Philipp Petkevitch
@petkevitch·06:15 17/02/2025
Last week in crypto regulation (Feb 10 - 16)
325277
Philipp Petkevitch
@petkevitch·08:34 10/02/2025
Last week in crypto regulation (February 3 - February 9):
4431
Roman Buzko
@buzko·13:37 04/02/2025
Public request to emerging crypto founders:
What are your top legal challenges?
We will build to solve them for you at: https://www.skala.io/crypto-startups.
What we already have (✅) and upcoming features (🛠):
— Offshore incorporation (BVI, Panama, UAE) ✅
— Fundraising templates (SAFT, Token Warrants, Public Token Sale Terms) ✅
— Crypto-specific legal templates ✅
— Integration with banks 🛠
— Integration with crypto accountants 🛠
If you have any legal questions, start here: https://warpcast.com/buzko/0xa04b9c7f
What are your top legal challenges?
We will build to solve them for you at: https://www.skala.io/crypto-startups.
What we already have (✅) and upcoming features (🛠):
— Offshore incorporation (BVI, Panama, UAE) ✅
— Fundraising templates (SAFT, Token Warrants, Public Token Sale Terms) ✅
— Crypto-specific legal templates ✅
— Integration with banks 🛠
— Integration with crypto accountants 🛠
If you have any legal questions, start here: https://warpcast.com/buzko/0xa04b9c7f
325277
Philipp Petkevitch
@petkevitch·08:49 03/02/2025
Last week in crypto regulation (January 27 - February 2):
4431
Roman Buzko
@buzko·14:47 31/01/2025
Pump[.]fun, a popular Solana-based memepad, was hit with a second class action lawsuit yesterday.
The lawsuit claims that Pump[.]fun acted as both the issuer and statutory seller of tokens under Section 12(a)(1) of the Securities Act.
You can read the full 215-page lawsuit, including all exhibits, here: https://aboutblaw.com/bg4F.
It looks like this US class action could have been avoided if the project had proper Terms of Use with an Arbitration Clause and Class Action Waiver. But they didn’t—at least not until the end of 2024, when the lawsuit was already imminent.
The lawsuit claims that Pump[.]fun acted as both the issuer and statutory seller of tokens under Section 12(a)(1) of the Securities Act.
You can read the full 215-page lawsuit, including all exhibits, here: https://aboutblaw.com/bg4F.
It looks like this US class action could have been avoided if the project had proper Terms of Use with an Arbitration Clause and Class Action Waiver. But they didn’t—at least not until the end of 2024, when the lawsuit was already imminent.
325277
Philipp Petkevitch
@petkevitch·15:29 30/01/2025
Last week in crypto regulation (January 20 - January 26):
Last week in crypto regulation (January 13 - January 19):
#CryptoRegulation #DonaldTrump #Tether #SEC #Polymarket #DeFi
#CryptoRegulation #DonaldTrump #Tether #SEC #Polymarket #DeFi
Early 2025 in Crypto Regulation: What has already happened?
– Terraform Labs Co-Founder Do Kwon, extradited from Montenegro, appeared before a federal judge on January 2, 2025, and pleaded not guilty. U.S. prosecutors filed an additional charge against him for conspiracy to commit money laundering. The trial is scheduled for January 26, 2026.
cointelegraph.com/news/terrafo...
storage.courtlistener.com/recap/gov.us...
www.theblock.co/post/333712/...
– Terraform Labs Co-Founder Do Kwon, extradited from Montenegro, appeared before a federal judge on January 2, 2025, and pleaded not guilty. U.S. prosecutors filed an additional charge against him for conspiracy to commit money laundering. The trial is scheduled for January 26, 2026.
cointelegraph.com/news/terrafo...
storage.courtlistener.com/recap/gov.us...
www.theblock.co/post/333712/...
Anyone builds ai agents? Explain plz how they are different from already existing virtual assistants SaaSs?
did we consider that ai ruling the world is one step closer to reality with ai agents that have crypto wallets and can make & spend on whatever they want?
We are hosting a Crypto Legal Meetup on November 2 in Dubai.
👉 Info & Register here: https://lu.ma/jeva8949
Join us at the Grand Hyatt Dubai Convention Centre on the second day of the TON Gateway—the premier conference on the TON blockchain and Telegram ecosystem.
Our lineup includes 5-6 talks and a panel discussion.
👉 Info & Register here: https://lu.ma/jeva8949
Join us at the Grand Hyatt Dubai Convention Centre on the second day of the TON Gateway—the premier conference on the TON blockchain and Telegram ecosystem.
Our lineup includes 5-6 talks and a panel discussion.
What happened in the crypto industry last week (August 19-25)?
#CryptoRegulation #Kraken #Telegram #Tether #ChinaCrypto #Binance #CampaignFinance #ASIC #Interpol #HEX #Wyoming #Cryptocurrency #Blockchain
#CryptoRegulation #Kraken #Telegram #Tether #ChinaCrypto #Binance #CampaignFinance #ASIC #Interpol #HEX #Wyoming #Cryptocurrency #Blockchain
What happened in the crypto industry last week (July 22-28)?
1/ On July 23, 2024, spot Ethereum-ETFs officially launched on the stock market. Trading volume in the sector reached $112 million in the first 15 minutes. The leader among the ETFs is the Grayscale Ethereum Trust (ETHE), with a trading volume of $39.7 million. https://x.com/EricBalchunas/status/1815489137484722333 https://x.com/EricBalchunas/status/1815747485505052950
1/ On July 23, 2024, spot Ethereum-ETFs officially launched on the stock market. Trading volume in the sector reached $112 million in the first 15 minutes. The leader among the ETFs is the Grayscale Ethereum Trust (ETHE), with a trading volume of $39.7 million. https://x.com/EricBalchunas/status/1815489137484722333 https://x.com/EricBalchunas/status/1815747485505052950
What happened in the crypto industry last week (July 15-21)?
1/ Indian crypto exchange WazirX suffered an exploit resulting in a $235 million loss. The company has reached out to the police and specialists from the Computer Emergency Response Team (CERT-In). Full details: https://x.com/wazirxindia/status/1813843289940058446?s=46 and https://x.com/wazirxindia/status/1814250505851588932?s=46
1/ Indian crypto exchange WazirX suffered an exploit resulting in a $235 million loss. The company has reached out to the police and specialists from the Computer Emergency Response Team (CERT-In). Full details: https://x.com/wazirxindia/status/1813843289940058446?s=46 and https://x.com/wazirxindia/status/1814250505851588932?s=46
What happened in the crypto industry last week (July 8-14)?
1/ The SEC has officially concluded its investigation into stablecoin issuer Paxos without recommending any enforcement actions. The company announced that it had successfully demonstrated compliance in its operations. Full details: https://paxos.com/blog/paxos-prevails-in-sec-investigation-of-busd-stablecoin-and-sec-will-not-pursue-enforcement-action/
1/ The SEC has officially concluded its investigation into stablecoin issuer Paxos without recommending any enforcement actions. The company announced that it had successfully demonstrated compliance in its operations. Full details: https://paxos.com/blog/paxos-prevails-in-sec-investigation-of-busd-stablecoin-and-sec-will-not-pursue-enforcement-action/
What happened in the crypto industry last week (June 24-30)?
1/ SEC Files Lawsuit Against Consensys: The SEC has charged Consensys with violating securities laws, alleging that Consensys offered MetaMask Swaps and MetaMask Staking services without the necessary broker registration. According to the SEC, investors in staking programs were investing Ethereum with a reasonable expectation of profits, and Consensys acted as an intermediary in unregistered transactions through staking programs like Lido and Rocket Pool, depriving investors of necessary protections. Full details: https://www.docdroid.com/YS1DSF5/sec-v-consensys-pdf
1/ SEC Files Lawsuit Against Consensys: The SEC has charged Consensys with violating securities laws, alleging that Consensys offered MetaMask Swaps and MetaMask Staking services without the necessary broker registration. According to the SEC, investors in staking programs were investing Ethereum with a reasonable expectation of profits, and Consensys acted as an intermediary in unregistered transactions through staking programs like Lido and Rocket Pool, depriving investors of necessary protections. Full details: https://www.docdroid.com/YS1DSF5/sec-v-consensys-pdf
What happened in the crypto industry last week (June 17-23)?
1/ Consensys requested clarifications from the SEC regarding the investigation into Ethereum following the approval of spot ETFs based on the asset. The SEC responded that it has completely closed the investigation and does not intend to recommend enforcement actions. Full report here: https://assets.ctfassets.net/gjyjx7gst9lo/6BtUdxsw1vlatBjIspkJN9/792adab194b9ac71c1eeeded42b01615/Termination_Notice_K._Schwartz_6.18.24.pdf
1/ Consensys requested clarifications from the SEC regarding the investigation into Ethereum following the approval of spot ETFs based on the asset. The SEC responded that it has completely closed the investigation and does not intend to recommend enforcement actions. Full report here: https://assets.ctfassets.net/gjyjx7gst9lo/6BtUdxsw1vlatBjIspkJN9/792adab194b9ac71c1eeeded42b01615/Termination_Notice_K._Schwartz_6.18.24.pdf
What happened in the crypto industry last two weeks (June 1-16)?
1/ Coinbase submitted a report to the appellate court criticizing the SEC's policy on digital assets. The company argues that the regulator deliberately creates difficulties for market participants before suing them. (https://assets.ctfassets.net/sygt3q11s4a9/6epGNmHl71Xt2WPaRYKob3/b02e476a519c3c7f43c89dc8c24d2c8a/2024.05.31_-41-_Coinbase_Reply_Brief.pdf)
1/ Coinbase submitted a report to the appellate court criticizing the SEC's policy on digital assets. The company argues that the regulator deliberately creates difficulties for market participants before suing them. (https://assets.ctfassets.net/sygt3q11s4a9/6epGNmHl71Xt2WPaRYKob3/b02e476a519c3c7f43c89dc8c24d2c8a/2024.05.31_-41-_Coinbase_Reply_Brief.pdf)
What happened in the crypto industry last week? (April 8-14)
1/ The SEC has sent a Wells Notice to Uniswap, indicateing the SEC's intention to sue the exchange. Uniswap's management has not disclosed the exact contents of the Notice, but in their blog, the team stated that the UNI token is not a security.
1/ The SEC has sent a Wells Notice to Uniswap, indicateing the SEC's intention to sue the exchange. Uniswap's management has not disclosed the exact contents of the Notice, but in their blog, the team stated that the UNI token is not a security.
What happened in the crypto industry last week (April 1-7)?
1/ Several amicus briefs were submitted in the case against Roman Storm by Coin Center, DeFi Education Fund, and Blockchain Association, emphasizing the erroneous nature of holding developers liable and the immutable characteristics of smart contract pools.
1/ Several amicus briefs were submitted in the case against Roman Storm by Coin Center, DeFi Education Fund, and Blockchain Association, emphasizing the erroneous nature of holding developers liable and the immutable characteristics of smart contract pools.
What happened in the crypto industry last week (March 25-31)?
Top-3 news:
1/ The London Stock Exchange will start trading Crypto Exchange Traded Notes (ETNs) in May 2024. According to the exchange, trading in cryptocurrency ETNs will only be available to professional investors.
Top-3 news:
1/ The London Stock Exchange will start trading Crypto Exchange Traded Notes (ETNs) in May 2024. According to the exchange, trading in cryptocurrency ETNs will only be available to professional investors.
What happened in the crypto industry last week (March 18-24)?
1/ Alexey Pertsev faces money laundering charges. The Netherlands Prosecutor's Office accused one of the Tornado Cash devs of laundering $1.2 billion. Pertsev is alleged to have been involved in laundering illegally acquired funds through the platform.
1/ Alexey Pertsev faces money laundering charges. The Netherlands Prosecutor's Office accused one of the Tornado Cash devs of laundering $1.2 billion. Pertsev is alleged to have been involved in laundering illegally acquired funds through the platform.
Simplest guide on accepting crypto for a U.S.-based startup (with invoices)
1/ Set up an institutional account at Coinbase/Kraken/etc. Prerequisite — having a corporate bank account (ew).
1/ Set up an institutional account at Coinbase/Kraken/etc. Prerequisite — having a corporate bank account (ew).
What happened in the crypto industry last week (Mar 11 - Mar 17)?
1/ Yuga Labs has filed a new lawsuit against artist Ryder Ripps for copying the BAYC collection and failing to comply with a previous court decision. Ripps claimed he lost access to the wallets containing the copied NFTs.
1/ Yuga Labs has filed a new lawsuit against artist Ryder Ripps for copying the BAYC collection and failing to comply with a previous court decision. Ripps claimed he lost access to the wallets containing the copied NFTs.
