Publication
Senate Bill 29 on track to further Texas’ push as business hub
The Texas Business Court was established as a specialty court to handle complex business disputes on June 9, 2023, through the passage of H.B. 19.
Blockchain Law
SEC takes aim at digital tokens and smart contracts
New York Law Journal
In his Blockchain Law column, Robert A. Schwinger discusses a wave of new enforcement actions brought by the SEC targeting blockchain-based digital token ventures under a variety of provisions in the securities laws. These proceedings show the breadth of the approaches the SEC is taking toward enforcement in this area, perhaps most notably in one case where it appears a “smart contract” blockchain application may have proved to be a bit too smart for its own good.
On the heels of the first-ever judicial holding this past summer that a cryptocurrency could qualify as a “security” under federal securities laws, the Securities and Exchange Commission has brought a wave of new enforcement actions targeting blockchain-based digital token ventures under a variety of provisions in the securities laws. These proceedings show the breadth of the approaches the SEC is taking toward enforcement in this area, perhaps most notably in one case where it appears a “smart contract” blockchain application may have proved to be a bit too smart for its own good.
Robert A. Schwinger explores recent developments in this edition of his New York Law Journal Blockchain Law column.
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robert.schwinger@nortonrosefulbright.com
Recent publications
Publication
Recent removal rulings clarify Texas Business Court’s jurisdiction
The Texas Business Court has repeatedly held that it lacks subject-matter jurisdiction to hear cases first-filed before September 1, 2024—regardless of the procedural posture by which the case arrived at the Business Court.
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