On March 12, 2025, the Securities and Exchange Commission (SEC) issued a no-action letter (No-Action Letter) to clarify the verification process for accredited investors under Rule 506(c).1 Background The Securities Act of 1933, as amended (Securi...
Partner Jack Hogoboom and counsel Tracy F. Buffer of Lowenstein Sandler’s Capital Markets & Securities practice attended the opening of the Nasdaq stock exchange on March 21, at which client Ian Jenks, Chairman and CEO of Smartkem, Inc. (Nasda...
Key Points: The Division’s statement specifically addresses the mining of crypto assets that are intrinsically linked to the programmatic functioning of a public, permissionless network. These assets, referred to by the Division as Covered Crypto...