Bridging the Week by Gary DeWaal: June 11 – 15 and June 18, 2018 (Ether; Bitcoin; Utility Tokens; Beanie Babies; Block Trades; Position Limits Violations)

Published Date: June 18, 2018

Last week, a senior official of the Securities and Exchange Commission said that Bitcoin and Ether are not securities and that there might be circumstances when a utility token is also not a security. The same official and the Canadian Securities Administrators each provided lists of specific considerations to help evaluate the nature of a digital token. Separately, CME Group brought a host of disciplinary actions, including one against a Commodity Futures Trading Commission-registered introducing broker for its handling of block trades, and it also modified a summary access denial order issued a few weeks ago against a foreign broker. As a result, the following matters are covered in this week’s edition of Bridging the Week

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Gary DeWaal

Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.

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Gary DeWaal
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