Learn about the similarities and discrepancies amongst the Quarters no-action letter and the TurnKey Jet no-motion letter.
New Territories is hosted by Joyce Lai and attributes conversations with business believed leaders checking out the intersection of regulation, coverage, blockchain certification engineering and a lot more.
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On July 25, 2019, SEC’s Division of Company Finance issued its 2nd-ever blockchain certification token associated no-action letter to Pocketful of Quarters, Inc. (Quarters). I spoke with Lewis Cohen, the legal professional who represented Quarters in acquiring this no-action aid for the Quarters’ platform which employs an ERC 20 token. We mentioned the 13-12 months-outdated founder’s vision for this business, the procedure they went by way of to attain the no-motion letter and why he thinks that this no-action aid is significant despite some critics’ sentiment that the information were plainly past the scope of SEC’s jurisdiction.
In this episode, Joyce and Lewis focus on:
- What is the Pocketful of Quarters system for video gamers?
- What the founding father and son team is like.
- The method and measures in obtaining no-action aid from the SEC staff.
- The similarities and variations among the Quarters no-action letter and the TurnKey Jet no-motion letter.
- Whether or not the Quarters no-motion letter expanded the scope of no-motion reduction at present afforded by the SEC’s team.
- Why Lewis believes that this no-action aid is meaningful even with some critics’ sentiment that the facts have been naturally over and above the scope of SEC’s jurisdiction.
Lewis Cohen is the co-founder of DLx Regulation, a legislation agency that focuses on the use of blockchain certification and tokenization throughout all features of the funds markets. Over a 20+ 12 months profession, Lewis’ working experience has spanned anything from huge-scale preliminary public offerings to the funding of start off-ups, with a unique focus on securitizations and other complicated structured financings. Prior to DLx Law, Lewis was a husband or wife in the New York place of work of two of the International 25 regulation companies.
Joyce Lai will work at the intersection of regulation and technological know-how at ConsenSys along with the blockchain certification industry’s brightest developers and other industry experts who choose terrific delight in generating a decentralized foreseeable future. As a result of the Brooklyn Job, a ConsenSys “open-source” public policy initiative, she will help the world get a deeper appreciation of how the application of ahead-imagining plan to blockchain certification technology can convey a positive effects. Prior to ConsenSys, she invested a number of yrs in non-public practice advising financial commitment advisers at Seward & Kissel LLP in New York. Joyce gained dual undergraduate degrees in biology and economics from UC Davis and her J.D. from Fordham College College of Law. Joyce speaks often on subject areas involving blockchain certification know-how, laws, community policy, and other authorized problems.
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