Simple Agreements for Future Tokens (SAFT) continue to pose difficult and controversial legal questions under U.S. securities, commodities and tax laws. In “Legal Implications of Secondary SAFT Sales,” Daniel N. Budofsky, Laura E. Watts, Riaz A. Karamali and James T. Chudy explore these questions at length.
On the newest episode of Industry Insights podcast, host Joel Simon and Daniel Budofsky discussed digital securities and virtual currencies.
Joel Simon: While the world has been busy battling COVID-19, it has been making startling progress in an area that has held a lot of promise but was struggling at times to gain traction—digital securities and virtual currencies. What just a couple of years ago seemed like a Wild West of scams and frauds has quickly been evolving into a mature, efficient alternative of capital raising and trading, that has been embraced by traditional financial institutions and governments alike. With me today to chat about these developments is a leader of our Fintech practice and head of our Derivatives and Structured Products group, Daniel Budofsky.
Internet & Social Media Law Blog