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ARTICLE · 16 FEBRUARY 2023

2022 Year In Review: Digital Currency And Blockchain Litigation And Enforcement Developments

Goodwin Procter LLP
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Throughout a tumultuous 2022, the digital currency and blockchain space saw a number of significant investigation, litigation, and enforcement matters as regulators continue their laser focus on the industry.

United StatesTechnology
Mitzi Chang
Mitzi Chang
Grant Fondo
Grant Fondo
Meghan Spillane
Meghan Spillane
Karen Ubell
Karen Ubell
Zoe Bellars
Zoe Bellars
Jessica Huang
Jessica Huang
Catherine Tremble
Catherine Tremble

Throughout a tumultuous 2022, the digital currency and blockchain space saw a number of significant investigation, litigation, and enforcement matters as regulators continue their laser focus on the industry. This Year in Review, authored by members of Goodwin's leading Digital Currency and Blockchain team, recaps the most significant litigation and enforcement developments from the past year.

SIGNIFICANT DEVELOPMENTS IN 2022

BlockFi's SEC Settlement, Relationship With 3AC and Reliance on FTX Leads to Bankruptcy Filing

BlockFi Lending LLC ("BlockFi:) consistently made headlines in 2022. It began in February 2022, when the U.S. Securities and Exchange Commission ("SEC") charged BlockFi with failing to register the offers and sales of its crypto lending product. In this first-of-its-kind action, the SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940.

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