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ARTICLE · 22 SEPTEMBER 2023

Blockchain+ Bi-Weekly

Polsinelli PC
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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...

United StatesTechnology
Jonathan E. Schmalfeld
Jonathan E. Schmalfeld
Daniel L. McAvoy
Daniel L. McAvoy
Stephen A. Rutenberg
Stephen A. Rutenberg

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.

Over the past two weeks, several government agencies have expanded their reach into digital assets. Notably, the Commodity Futures Trading Commission ("CFTC") increased its enforcement jurisdiction into decentralized finance ("DeFi") providers in potential conflict with the recent ruling in UniSwap as to the liability of protocol developers for actions of their users, and the Securities and Exchange Commission ("SEC") brought enforcement action against a non-fungible token seller that involved individualized tokens intended to be used as "profile pictures" on social media.

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