THELOGICALINDIAN - New York the banking basic of the apple is additionally acceptable the basic of blockchain action action according to a banking casework law close Murphy McGonigle report
Two Times More Blockchain Cases Than Any Other Venue
Cryptocurrencies and blockchain technology are more alluring the absorption of ample law firms all over the world. In the U.S., back 2024, Murphy & McGonigle has been advancement a Blockchain Action Database, which annal the cardinal of incidences of action involving the blockchain sector.
Specifically, the database captures cases involving Bitcoin and added cryptocurrencies, blockchain-centered companies, mining companies, crypto-investment platforms, exchanges, Initial Coin Offer (ICO) issuers, and consultants.
Upon allegory and interpreting these data, on January 22, 2020, Murphy & McGonigle appear the additional anniversary Blockchain Litigation Year in Review Report. The address identifies the 2019 top bristles trends accompanying to litigations involving the crypto amplitude in the U.S. marketplace. Most notably, it reveals that during 2019, the college cardinal of cases involving blockchain-related cases were concentrated in the United States District Court for the Southern District of New York (SDNY). The address describes,
So, the added bristles analytical allegation articular in the Blockchain Litigation Year-in-Review Report include:
1. The Southern District of New York (SDNY): More Blockchain Litigation Than Any Other Venue
2. The SEC Remained Active, with High Profile Enforcement Activity
3. Regulatory Enforcement Actions Drop Off
4. American Courts Issued Rulings that will Impact the Blockchain Industry
5. The SEC’s “Path to Compliance” is a Road Less Traveled
Of Course it’s New York
According to Daniel Payne, affiliate of the Tech & Blockchain Practice and artist of the Blockchain Action Database, it is not hasty that an arising industry, which is both all-around and decentralized, would see action beginning in the Big Apple, and he adds,
While the address does not specify that New York is the world’s arch blockchain action spot, the United States is acclaimed for actuality a austere axis for crypto regulations and lawsuits. With this in mind, it’s added than acceptable that New York is the world’s crypto accusation capital.
Why do you anticipate the cardinal of Blockchain-related litigations is college in New York? Let us apperceive your comments below.
Images via Shutterstock Murphy & McGonigle
