Looking Under the Hood of $TRUMP’s Legal Strategy
On Friday, January 17, 2025 President Donald Trump announced the launch of the $TRUMP memecoin, which was organized and sold by CIC Digital, an affiliate of the Trump Organization. Within 60 hours, $TRUMP reportedly reached a fully diluted valuation (FDV) of $70 billion, placing it among the top 15 cryptocurrencies by market cap. This rapid ascent sparked debate across the crypto ecosystem—some have framed $TRUMP as a novel form of political expression, while others view it as a potential unregistered securities offering or raised other potential consumer protection issues.
Crypto Regulatory Updates
- IRS Final Broker Reporting Regulations for DeFi
- Tokenized Real-World Assets: Pathways to SEC Registration
- Partner Mark Jansen Cited in USPTO Report to Congress on NFTs
- Q3 2024 Crypto Litigation and Enforcement - Key Takeaways and Updates
- Q3 2024 Quarter in Review Webinar (Registration Required)
- H1 2024 Crypto Litigation and Enforcement - Key Takeaways and Updates
- Q1 2024 Quarter in Review Webinar (Registration Required)
- SEC Finalizes “Dealer” Regulation – Uncertain Impact to Cryptoasset Market Participants
- FASB Issues Significant Update on Accounting for Crypto Assets
- SEC’s Crypto Accounting Bulletin Determined Procedurally Deficient
- Fenwick Writes Comment Letter Regarding the Taxation of Digital Assets to the Senate Committee on Finance
- IRS Releases Proposed Regulations on Digital Asset Transaction Reporting
- IRS Issues Revenue Ruling 2023-14 on Staking
- SEC v. Ripple Labs: Securities Law Analysis Under Howey Applied On A Transaction-By-Transaction Basis
- Exploring Legal and Regulatory Considerations for DAOs
- Navigating Taxation Challenges and IRS Audits in the Current Web3 Landscape
Where to Find Us
Blockchain Tax Conference 2025
January 24, 2025
The Blockchain Tax Conference at SJSU provides insights on current and emerging tax matters to practitioners and finance and accounting professionals who assist clients and others with digital asset investing or other transactions Fenwick’s David Forst, Sean McElroy, and Matthew Dimon will speak at the conference. Register for this event.
Developments in Securities Litigation and Enforcement in 2024
January 28, 2025
The San Francisco Bar Association's annual Securities Litigation Symposium will provide background and updates on significant changes in securities litigation. Fenwick securities enforcement partner and co-lead of the firm’s blockchain practice, Mike Dicke, will participate in a panel titled, "How the Crypto Legal Landscape is Evolving." Register for this event.