This article contributes to the academic discourse on the regulation of cryptoassets in capital markets. The current cryptoasset policy of the Securities and Exchange Commission (“SEC”) is built on enforcement of the pre-crypto regulations without reform. This article analyzes the data on...

This Article examines Russian securities law, case law, and market data. To an international observer, Russian capital markets and securities law may appear ostensibly ordinary, albeit placed within an unstable socioeconomic milieu. Securities law and disclosure rules seem somewhat similar to...

This article contributes to the academic discourse on the regulation of cryptoassets in capital markets. The current cryptoasset policy of the Securities and Exchange Commission (“SEC”) is built on enforcement of the pre-crypto regulations without reform. This article analyzes the data on...

The article offers a novel approach to the threshold questions on the applicability of securities law to digital assets. The clarity of this framework should be useful to courts, regulators, and market participants. Digital-asset development involves two stages, and securities law is essential...

In the famous Morrison v. National Australia Bank case, Justice Scalia mounted an attack on plaintiffs with tenuous connection to U.S. capital markets and attempted to rein in class actions against international corporations. Despite Morrison's broad implications, there is no consensus on its...

The recent financial crises have generated strenuous academic debates on the fundamental premises of market regulation. The interaction between the state and the market is at the core of this discourse. A plethora of postcrisis reforms threaten to undermine the historical monopoly of centralized...

Transplantation of laws from a foreign country is an explicit regulatory choice. It is a choice made by governments and influenced by local and international interest groups. This Article analyzes a complex junction where international legal transplantation encounters destructive transactional...

The blockchain revolution in capital and financial markets attracted the attention of enforcement agencies in many jurisdictions. This Article elaborates the results of an international enforcement survey of the Blockchain and Fintech Research Program of the Rutgers Center for Corporate Law and...

Doctrinal and economic arguments militate in favor of the application of securities law in situations where issuers of cryptoassets – innovative financial instruments based on the distributed ledger technology - are seeking to finance the development of these assets. This article emphasizes...