Blockchain Legal Institute
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Your Blockchain Legal Brief:
Current events impacting the legal and crypto space.
This week the NASDAQ shared a Digital Asset Plan with the SEC .
The letter released to the SEC outlines a 4-Tier System to provide a new regulatory framework into capitol markets.
Important Crypto Conferences:
May 2025
Canada Crypto Week
Blockchain Futurist Conference
May 2025
Canada Crypto Week
Consensus
May 2025
USA - Vegas
Bitcoin Vegas
United States
President Trump signed into law House Joint Resolution 25, legislation to disapprove and void the Treasury Department’s Internal Revenue Service’s (IRS) “DeFi Broker” rulemaking, “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.” This bill is the United States’ first-ever crypto legislation signed into law, and is a watershed moment for decentralized finance.
Ending Regulation By Prosecution
CFTC Chairman Caroline D. Pham praised a Justice Department policy ending the practice of regulation by prosecution that has targeted the digital asset industry in recent years.
The United States Department of Justice (DOJ) released a memorandum to all DOJ employees titled, “Ending Regulation by Prosecution.” The memo is dated April 7, but was made public on April 8, 2025. In the memo, the DAG makes clear that the era of regulating the digital asset industry by prosecution is over: “The Department of Justice is not a digital assets regulator.”
Member News
Positive results for members of BLI.
Wesley Crook
FPBlock Travels To Paris Blockchain Week
Clarence Briggs
MatchAwards Partners with BLI To Advance Blockchain Compliance & Education
Omni Gross
Speaks About Blockchain & OpenEscrow
Lou Kerner
CryptoMondays Partners With Maryland Blockchain Association Virtual Meet-ups
BLI Legal Tech Hackathon
ICP Partners With BLI Legal Tech Hackathon & Meets at Paris Blockchain Week
Strategic Partner: RYO Coin
RYO Coin Announces RYO Chan & Life Wallet
SEC Releases Statement on Crypto Disclosures
On April 11th, the SEC’s Division of Corporation Finance released a statement to clarify how the federal securities laws might apply to a company’s offering and registration of securities tokens. While the Division’s non-binding statement does not address whether something is a security, it does provide guidance on information disclosures for issuers of securities. The statement focuses on identifying relevant disclosures that would provide investors with material information about the projects and businesses in which they might invest.
SEC News
The European Union is set to become a global leader in artificial intelligence regulation with the implementation of the landmark AI Act. Officially in force since August 1, 2024, the Act aims to strike a balance between fostering innovation and mitigating the potential risks posed by AI technologies.
The provisions on GPAI are slated to take effect within 12 months, with the Code of Practice expected to be finalized by April 2025. The AI Office will oversee the implementation and enforcement of the AI Act’s rules on GPAI.
EU News
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