A Los Angeles class-action lawyer is trying to block the IRS from obtaining a sweeping array of customer records from a leading bitcoin company. The lawyer’s legal filing, filed in federal court late Tuesday, is the first substantive legal challenge to the so-called “John Doe” summons on San Francisco-based Bitcoin platform Coinbase Inc. Law Blog reported
The Illinois Department of Financial and Professional Regulation has released proposed Digital Currency Regulatory Guidance (“Guidance”). It “expresses the Department’s interpretation of Illinois’ Transmitters of Money Act (“TOMA”) and its application to various activities involving digital currencies.” Read below for a more in-depth analysis of the guidance.
Earlier today the Securities Exchange Commission hosted a Fintech Forum at its Washington, D.C. headquarters to discuss technological innovations across the financial services industry. The Impact of Recent Innovation on Trading, Settlement, and Clearance Activities panel focused on blockchain technology and its ability to transform various facets of the financial services industry.
Congressman Tony Cárdenas (D-California) sat down with Berns Weiss LLP to discuss the purpose of House Resolution 835 (H.Res. 835), which regards virtual currency and blockchain technology.
Legislation on virtual currencies is needed after federal courts rule Bitcoin as
The House of Representatives pass a resolution supporting the future of blockchain technology and virtual currencies.
This article and release from Berns Weiss LLP, a Los Angeles-based law firm advocating for a legal and regulatory landscape surrounding this revolutionizing technology, clearly reveals the truth behind IP action.