Blockchain+ Bi-Weekly

The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart contracts, and US law.

The past two weeks were filled with legislative activity as members of Congress worked to get digital asset legislation through committees prior to Congress going on its August break. The Securities and Exchange Commission ("SEC") also had a busy week, bringing charges against Hex Founder Richard Heart, successfully staving off dismissal in the agency's pending litigation against Terraform Labs, and facing a Motion for Judgement in its case against cryptocurrency exchange Coinbase. With Congress on break, we expect the next few weeks to be primarily focused on the ongoing litigation efforts in the industry with very little movement on the regulatory and legislative fronts.