The Voyager Digital Holdings bankruptcy cases, along with the Celsius Network cases, provide a unique opportunity for parties to acquire assets and/or operations of each company. The bankruptcy court approved bidding procedures in an order issued in the Voyager cases that outlines the entire process and steps to be followed by anyone interested in submitting a bid. 

In the Celsius Network case, the bankruptcy court hearing on August 8 will consider the Celsius motion to establish a very similar process that will trail Voyager’s sale process by approximately one month.

Continue Reading Voyager, Celsius, and Possible Bidding Opportunities

Weekly Blockchain Focus

  • Zelenskyy Signs Virtual Assets Bill Into Law, Legalizing Crypto in Ukraine
  • Japan Sets Penalties on Crypto Exchanges in Case of Violations of Sanctions on Russia
  • SEC Rejects Spot Bitcoin ETF Proposals From NYDIG, Global X
  • Bipartisan Praise for Biden’s Executive Order on Crypto
  • Crypto Apps break 100M Downloads in Fourth Quarter
  • EU Parliament Committee Votes Against Proof-of-Work Ban and Supports Alternative Amendment on Crypto Assets

Further Reading

  • Andreessen Horowitz Hires Michele Korver, Former FinCEN Chief Currency Advisor
  • CNBC: Senate Banking Committee holds hearing on crypto and illicit finance
  • The Block: ConsenSys raises $450 million Series D at $7 billion valuation
  • The Washington Post: Sarah Bloom Raskin withdraws nomination for Fed vice chair for supervision


Continue Reading Blockchain Week in Review: Week of March 28, 2022

Weekly Fintech Focus

  • Treasury Releases National Risk Assessments
  • SEC Probing NFT Market
  • Russia/Ukraine Sanctions Overview
  • Summary of Industry Responses
  • BitConnect Founder Flees India After Being Indicted In $2B Ponzi Scheme
  • UK Government to Crackdown on Illegal Cryptocurrency Activity
  • Swiss City of Lugano to Make Bitcoin and Tether ‘De Facto’ Legal Tender


Continue Reading Blockchain Week in Review: Week of February 28, 2022

Perkins Coie LLP is pleased to bring you this updated Digital Asset SEC Timeline.

The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets. Beginning with the release of the DAO Investigative Report in

On October 15, 2021, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) released guidance on sanctions compliance for the digital currency industry, the agency’s most detailed statement to date on its expectations for participants in this rapidly growing industry. This guidance expands on the five pillars of OFAC’s 2019 Framework by

We are pleased to announce that Valeria Bystrowicz-Liendo, a Business Development Director in the firm’s Blockchain, Digital Assets, & Custody industry group, will serve as a Board Member and as the Los Angeles, San Diego, and Orange County Chapter lead for Crypto Connect.

Crypto Connect, which formally launched today, is led by a

Perkins Coie LLP is pleased to bring you this updated Digital Asset SEC Timeline.

The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets. Beginning with the release of the DAO Investigative Report in

Perkins Coie LLP is pleased to bring you this updated Digital Asset SEC Timeline.

The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets. Beginning with the release of the DAO Investigative Report in

Weekly Blockchain Focus

  • Crypto Rating Council releases its securities law framework
  • Diem Association announces plans to shift operations to the United States
  • Tether releases a breakdown of reserve assets
  • Bank of England deputy governor calls a CBDC probable in public remarks
  • Chainalysis report states that ransomware attacks are becoming more profitable
  • Ethiopia to begin using Cardano-based blockchain IDs in its schools


Continue Reading Blockchain Week in Review: Week of May 14, 2021

Weekly Focus:

  • Bipartisan crypto bill passes House of Representatives
  • Fed leaves interest rates unchanged, while Chairman Powell says equity markets are a “bit frothy”
  • Paxos becomes third federally regulated crypto bank (& raises $300 million)
  • Wyoming DAO law to go into effect in July
  • DOJ announces arrest of Bitcoin Fog founder who allegedly laundered $335M in crypto
  • Turkey bans cryptocurrency payments, sets up central custodian
  • South Korea set to tax crypto trading gains


Continue Reading Blockchain Week in Review: Week of April 30, 2021