Galaxy Digital Leads $4.3 Million SAFT Into Blockchain Platform Centrifuge

Blockchain protocol Centrifuge wants to bring both traditional and decentralized finance together.

Wireline Settles SAFT Suit With SEC; Peirce Partially Dissents

Wireline is now barred from distributing the tokens it promised investors in its 2018 SAFT sale.

The US SEC amendments and SAFT process

Do the new safe harbors against integration pave the way for a successful SAFT process? Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to as Simple Agreements for Future Tokens, or SAFTs) should be integrated with later sales of the tokens.

SEC vs. Telegram: Part 2 — The case against integrating the two prongs of a SAFT

Addressing the legitimacy of collapsing the sale of contractual rights with the eventual release of crypto assets. As discussed in the previous article, Telegram is a popular global instant messaging company.

SEC vs. Telegram: Part 1 — Key takeaways for now

The legal battle between the US SEC and Telegram could be a strong warning against the SAFT process. Telegram is a popular, global, cloud-based instant messaging, videotelephone and voice-over service company.

Charlie Lee, Adam Back Lead $3.1M Private Raise for Blockchain Game ‘Infinite Fleet’

A game developed by Samson Mow's Pixelmatic has completed a $3.1 million private SAFT sale of tokens.

Legal Implications of Secondary SAFT Sales, Part 2

Part 2 of this series continues to cover the legal implications associated with the sale of SAFTs and focuses on taxes related to tokens. The United States Internal Revenue Service and Treasury Department have published minimal guidance on the tax treatment of virtual currency and no guidance on Simple Agreement for Future Tokens or secondary forward contracts on SAFTs.

Legal Implications of Secondary SAFT Sales, Part 1

Part 1 of this series covers the legal implications associated with the sale of SAFTs and different approaches to legal interpretations of tokens. The enfant terrible of the digital token world, the Simple Agreement for Future Tokens, or SAFT, continues to grab headlines.

The Novel Legal Strategy Bringing This ICO-Backed ‘Micro-Mobility’ Startup to Court

Lawyers have filed suit in a "highly unusual" case against flamboyant Italian e-scooter entrepreneur Salvator Palella, over a troubled ICO back in 2018.