Archives: Bitcoins

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SEC and CFTC Offer Views on Regulation of Virtual Currency

On February 6, 2018, SEC Chairman Jay Clayton and CFTC Chairman Christopher Giancarlo provided testimony on virtual currencies to the U.S. Senate Committee on Banking, Housing, and Urban Affairs.  Their written statements and testimony can be found here.  Below we provide a summary of the written statements and testimony and analysis for participants in the … Continue Reading

Bitcoin continues to make headline news

Bitcoin continues to appear in headlines across global news sources, as various governments and other players decide whether to deal in bitcoin and how it should be treated.  In our blog post a couple of months ago, we provided an explanation of the bitcoin phenomena, and an analysis of what legal and business issues they may present in … Continue Reading

Gearing up for “Bitcoin Black Friday”

As the bitcoin community is gearing up for “Bitcoin Black Friday” on Friday, November 29, some explanation of exactly what are bitcoins and what legal and business issues they may present in the global marketplace may be helpful.  As Chairman Thomas R. Carper D (DE) recently stated: Virtual currencies, perhaps most notably Bitcoin, have captured … Continue Reading

FBI Shuts Down “Silk Road” Website; Arrests “Dread Pirate Roberts”

October 2, 2013:  Despite the government shut down, the FBI today shut down the infamous “Silk Road” website and arrested a San Francisco resident alleged to be the site’s administrator the “Dread Pirate Roberts.”  Silk Road has become renowned in recent years as an anonymous website used for trafficking in illicit substances and pirated goods … Continue Reading