My name is Robin Sosnow (@RobinSosnowEsq). I'm a securities attorney in NYC, graduate school professor at CMU, and founder of LawLab. My focus is on equity crowdfunding, startups, legal innovation, and blockchain technology. The goal of this newsletter is to share valuable insights, incite conversation, and to bring awareness to the evolving regulatory landscape. For my more detailed bio, click here.
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There was a fair amount of news about security tokens this week, and we couldn’t relegate it to the sidelines, so we're featuring some of our favorite stories and big headlines about this emerging class of securities here:
Hosted at the luxurious Ritz-Carlton Half Moon Bay outside of San Francisco, the next iteration of the Crypto Finance Conference features speakers and panels surrounding risk management, tax implications, regulatory discussion, and other hot topics. September 5th-7th, Half Moon Bay, CA
Last week, multiple reports surfaced stating that the High Times IPO would not, in fact, be directly accepting cryptocurrency as payment, despite claims to the contrary earlier in the month. We ourselves reported on this in last week’s newsletter. However, Prime Trust, the SEC-qualified custodian facilitating the offering, explained to us the unique way in which their service is enabling owners of cryptocurrency to invest in the High Times IPO. Prime Trust can recieve a variety of assets from customers, including BTC and ETH, which are then converted to USD and placed into the escrow account of the securities offering they are investing in; thus, High Times (and other issuers) only accept USD into escrow, regardless of how an investor makes that happen. We were really excited to learn more about this opportunity for investors and are looking forward to more offerings like this in the future!
Attorney Advertising. The information in this newsletter is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any securities to any person or a solicitation of any person of any offer to purchase any securities. The information in this newsletter should not be construed as any endorsement, recommendation or sponsorship of any company or security by the Law Office of Robin Sosnow, PLLC, its principal or employees.