Colorado wants to be an epicenter of blockchain technology. Can it succeed?

Colorado wants to be an epicenter of blockchain technology. Can it succeed?

Richard B. Levin quoted in Denver Business Journal

By: Kathleen Lavine

Headlines are buzzing about the demise of the popular cryptocurrency bitcoin. But many experts in Colorado say these reports obscure the growing promise of the technology that supports cryptocurrencies: blockchain.

“Even if cryptocurrencies such as bitcoin are seeing a fall in prices, blockchain, as an underlying but independent technology, is following its own path of advancement,” says Emily Garnett, an attorney at the Denver law firm Brownstein Hyatt Farber Schreck.

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Fintech Cops Urged To Play Nice, But Sandbox Is A Hard Sell

Fintech Cops Urged To Play Nice, But Sandbox Is A Hard Sell

Richard Levin quoted in Law360.

By: Bonnie Eslinger

A recent Treasury Department report proposed a host of ideas for boosting development in America's financial technology sector and keeping it globally competitive, including a "sandbox" for experimenting with new products and services, but experts say a morass of regulatory agencies makes building such a playground difficult in the U.S.

The report suggests regulators take an accommodating approach that evolves with the new technologies. Other countries including Singapore, Australia and the U.K. have already established such testing grounds, which loosen some regulatory restrictions for fintech companies that are willing to allow government agencies to track the development of their inventions. The U.S., with its numerous agencies overseeing financial matters, is lagging behind, the Treasury says.

Law360 subscribers can read the full article here.

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Fidelity's Foray Into Bitcoin Likely To Boost Crypto Appeal

Fidelity's Foray Into Bitcoin Likely To Boost Crypto Appeal

Richard Levin quoted in Law360.

By: Tom Zanki

Fidelity Investments’ plans to form a stand-alone company that will enable hedge funds and other professional investors to store and trade cryptocurrencies like bitcoin could potentially pave the way for more institutional investment into the fledgling asset class.

The expected launch of Fidelity Digital Asset Services LLC could potentially solve certain legal and practical problems, attorneys say, that have so far limited institutional investment in bitcoin and cryptocurrencies in general, whose prices have plunged this year amid widespread volatility. Against that backdrop, Fidelity is seen as among the first Wall Street giants to lend their names in servicing the crypto market.

Law360 subscribers can read the full article here.

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Digital Assets Report Interviews Polsinelli Shareholder Stephen Rutenberg

Digital Assets Report Interviews Polsinelli Shareholder Stephen Rutenberg

Digital Assets Report, a weekly show recorded at the New York Stock Exchange and hosted by SCN Corporate Connect's Jane King, interviewed Vincent Molinari - CEO of Templum Markets and Polsinelli Shareholder Stephen Rutenberg to discuss the latest in the world of blockchain technology and cryptocurrencies.

Watch Digital Assets Report's interview with Stephen here.

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SEC To Reconsider Staff's Rejection Of 9 Bitcoin ETFs

SEC To Reconsider Staff's Rejection Of 9 Bitcoin ETFs

Richard B. Levin quoted in Law360

By: Tom Janki

The U.S. Securities and Exchange Commissionsaid on Thursday that its commissioners will review a recent staff decision to reject nine bitcoin-based exchange traded funds, meaning agency leaders will take a closer look at a potentially innovative but untested investment idea that worries skeptics about fraud possibilities.

In letters provided to NYSE Arca Inc. and Cboe Global Markets, which have proposed rule changes that would enable them to to list bitcoin ETFs, the agency said staff rejections of the proposals issued Wednesday have been stayed pending a review by the full commission.

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ProShares Bitcoin-Backed ETF Decision is Due Thursday

ProShares Bitcoin-Backed ETF Decision is Due Thursday

Richard B. Levin quoted in MarketWatch

By: Aaron Hankin

Not for the first time, bitcoin investors are holding their breath in the hope regulators will give the green light on a bitcoin-related exchange-traded fund.

On August 23, the Securities and Exchange Commission is scheduled to deliver its decision on yet another much-talked-about proposed bitcoin-linked ETF. This time it’s ProShares, which first filed an application in September 2017. According to a regulatory filing, the SEC designated August 23, 2018, as “the date by which the Commission shall either approve or disapprove the proposed rule change.”

Read the full article here.

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Even Free Tokens Face Regulatory Heat as Coin Offerings Scrutinized

Even Free Tokens Face Regulatory Heat as Coin Offerings Scrutinized

Richard B. Levin quoted in The Wall Street Journal

By: Dave Michaels

Securities regulators on Tuesday opened a new front in their campaign to crack down on fraud in the initial-coin-offering market by punishing a firm that didn’t sell any tokens.

The Wall Street Journal subscribers can read the full article here.

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How to Avoid the Hurdles of Patenting Blockchain Tech

How to Avoid the Hurdles of Patenting Blockchain Tech

Polsinelli Shareholder Thomas M. Isaacson, a member of the firm's FinTech and Regulation Practice, was interviewed extensively by Law360 about the patentability of Blockchain Tech, and provided guidance to inventors on how to successfully patent blockchain-based technology. 

Law360 subscribers can view the full article here.

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A Blockchain Innovator's Guide to IP Strategy, Protecting Innovation, and Avoiding Infringement

A Blockchain Innovator's Guide to IP Strategy, Protecting Innovation, and Avoiding Infringement

Polsinelli is proud to announce that Shareholder Thomas M. Issacson, a member of the firm's FinTech and Regulation practice, is a featured contributor on The Chamber of Digital Commerce's publication, "A Blockchain Innovator's Guide to IP Strategy, Protecting Innovation, and Avoiding Infringement." This whitepaper offers background information on intellectual property (IP) law and provides guidance on how these critical questions impact innovators, groups, or entities operating in the blockchain space.

Read the full article here.

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Blockchain explained: It builds trust when you need it most

Blockchain explained: It builds trust when you need it most

Richard B. Levin quoted in CNet

By: Stephen Shankland

These days, we're having a harder and harder time trusting each other.

Trust is an essential part of ordinary living, whether it's picking mechanics based on Yelp reviews, sliding credit cards into gas station fuel pumps or heeding our doctor's advice. But our trust has been eroding for years. In the US, only 33 percent of us felt we could trust our government in 2017 -- a decline of 14 percentage points from 2016, according to Edelman's annual trust barometer study. Trust in businesses dropped from 58 percent to 48 percent, too, while media (fake news!) and social networks also took a hit.

Read the full article here.

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