The recent flurry of activity and press coverage, over the past 18 months in particular, concerning “initial coin offerings” (also referred to as a “digital token sale”) has created confusion regarding their relationship to cryptocurrencies. While certainly connected in both concept and actuation, those with an interest in this burgeoning marketplace will be wise to note that both the risk and the regulatory landscape for existing cryptocurrencies (also referred to as “virtual currencies”) differ from ICOs/tokens. Those who forge ahead, uninformed, stand to learn an expensive lesson. We hope to illuminate certain fundamental concepts here. Continue Reading Cryptocurrency vs. Initial Coin Offerings (ICO): Different Animals, Different Regulatory Concerns
Ferdose al-Taie is a member of Dykema’s Commercial Litigation Group and joined the firm in 2017. Ms. al-Taie advocates for clients to resolve complex business challenges in regulatory enquiries and private party disputes involving: securities and compliance (including cryptocurrencies, initial coin offerings (ICOs),virtual exchanges, the EB-5 visa program, anti-money laundering rules (AML) and Bank Secrecy Act (BSA) issues); antitrust/competition law (including private party litigation, Hart-Scott-Rodino (HSR) filings, mergers, acquisitions and joint ventures), government investigations (civil investigative matters and white collar criminal defense) and high-stakes litigation.
Ms. al-Taie has tried criminal and civil cases to verdict before juries and judges in federal district courts and tribunals, in addition to successfully defending those matters on appeal. She has significant experience settling, mediating and arbitrating disputes to resolution as well.