Walmart’s U.S. patent application involving blockchain technology is one of many blockchain-based patent applications that have been filed by large companies smitten with blockchain technology. Published May 17, 2018, but filed November 16, 2017, the application is based on a provisional patent filing in November 2016. In its application, Walmart seeks to patent a blockchain-based
cryptocurrency
A Summary of the SEC’s Director of Corporation Finance Speech on Cryptocurrencies
On June 14, 2018, the SEC’s Division of Corporation Finance Director, William Hinman, gave a speech titled “Digital Asset Transactions: When Howey Met Gary (Plastic).” This speech provides additional insight into the SEC’s view as to whether cryptocurrencies and initial coin offerings (“ICOs”) are securities. Here is a summary:
In his speech, Hinman…