Block.one to Pay $24 million SEC Penalty

On September 30, the U.S. Securities and Exchange Commission (the “SEC”) announced the settlement of a $24 million penalty with blockchain company Block.one, as a result of the company’s recent unregistered initial coin offering (“ICO”). In the press release, SEC officials detail the unlisted ICO, … Read more about Block.one to Pay $24 million SEC Penalty

New Screening Guidelines for Fecal Transplants Could Save Lives

The Food and Drug Administration (“FDA”) has recently set guidelines on an increasingly common medical treatment: fecal microbiota transplants, or FMTs. The recent announcement comes after a patient died in June after receiving an FMT that contained drug-resistant bacteria.1 Unfortunately, up until … Read more about New Screening Guidelines for Fecal Transplants Could Save Lives

Santander Unveils New Blockchain Bond Initiative

Last week, Banco Santander, S.A. (d/b/a Santander Group) revealed that the multinational bank has initiated a complete end-to-end blockchain bond, issuing and settling the bond using public blockchain technology. One of the first of its kind, Santander claims that the successful end-to-end … Read more about Santander Unveils New Blockchain Bond Initiative

Recent FTC Warning Letters Target CBD Medical Claims

September 10, 2019, the U.S. Federal Trade Commission (“FTC”) issued a news release announcing the recent distribution of warning letters to three companies advertising cannabidiol (“CBD”) products as a medical treatment option for a range of various illnesses. Cautioning that such unsubstantiated … Read more about Recent FTC Warning Letters Target CBD Medical Claims

Proposed California CBD Bill Suspended

Contrary to the bill’s projected outcome from earlier in the summer, California lawmakers will not make a decision on Assembly Bill-228 (“AB 228”) this year as the bill has stalled in the state legislature despite broad bipartisan interest and consumer support. Previously expected to be signed into … Read more about Proposed California CBD Bill Suspended

FDA Plans Release of CBD Regulations by Fall 2019

Cannabidiol (“CBD”) products have gained popularity across the country, but clear regulation from the Food and Drug Administration (“FDA”) is still forthcoming. This July, FDA announced an intent to fast- track the process to create these much-needed regulations. Currently, nearly 90% of CBD … Read more about FDA Plans Release of CBD Regulations by Fall 2019

Crypto Exchange INX Proposes Record-Breaking IPO

  According to a draft prospectus statement filed with the U.S. Securities & Exchange Commission (“SEC”) on August 19, cryptocurrency trading platform INX Limited aims to raise between $5 million and $129.5 million through their proposed initial public offering (“IPO”). A historic … Read more about Crypto Exchange INX Proposes Record-Breaking IPO

HB-1090 Implementation on Schedule

As expected, on August 1, the Colorado Marijuana Enforcement Division (the “MED”) adopted emergency rules (the “August Emergency Rules”) to begin implementing HB19-1090,  “Concerning Measures to Allow Greater Investment Flexibility in Marijuana Businesses” (the “Bill”). The Bill permits certain … Read more about HB-1090 Implementation on Schedule