Which came first, the chicken or the egg? It’s an ancient paradox that has stumped humans for generations. But it is also one of the questions many crypto-enthusiasts are asking one another. Business owners across the state of New Jersey want to be ready in case cryptocurrency goes mainstream, but many of them are too wary of crypto to actively incorporate it into their … [Read more...] about Is Crypto Compensation the Chicken or the Egg?
On July 5, 2022, the popular cryptocurrency services firm Voyager filed a petition for Chapter 11 bankruptcy. With over three million customers, Voyager’s bankruptcy has had rippling effects throughout the cryptocurrency industry. Dressel/Malikschmitt LLP has received numerous inquiries from affected customers, as well as others within the industry, about what could happen … [Read more...] about The Voyager Bankruptcy: Your Questions Answered
Crypto and the blockchain are changing the way many businesses operate, or at least thinking about securing assets. However, as with any new technology, there are people who are taking advantage of the buzz around it to scam people and institutions eager to be on the cutting edge. Some of these scams are unfortunately crypto Ponzi schemes. As one of the few law firms in New … [Read more...] about What is a Ponzi Scheme? And Can Crypto Fall Prey?
The long-awaited release of President Biden’s executive order on crypto policy means we will soon be seeing more action in this area. But there is one agency that is already flexing its regulatory muscles. The Securities and Exchange Commission (SEC), whose enforcement arm is led by former New Jersey Attorney General Gurbir S. Grewal, is aggressively ratcheting up regulation … [Read more...] about SEC Ratchets Up Regulation Of Crypto Companies
The new session of the New Jersey legislature is just getting underway, but two bills that could have a profound impact on the use of digital currency in the Garden State have already been introduced. As one of the state’s leading law firms in the cryptocurrency and blockchain-related litigation space, Dressel/Malikschmitt is closely following this year’s legislative action. … [Read more...] about New Jersey Bills Would Regulate the Blockchain