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Legal Update

SEC’s Action Against $600 Million ICO May Have Implications for the Company’s Partners and Service Providers

6 February 2018
Mayer Brown Legal Update
On January 25, 2018, the US Securities and Exchange Commission (“SEC”) brought an action in federal court against AriseBank, the issuer of an initial coin offering (“ICO”), and its founders for conducting an unregistered securities offering and making false statements in connection with the offering. This Legal Update provides background and further details on the action and discusses important takeaways for other businesses.


  • Alex C. Lakatos
    T +1 202 263 3312
  • Jennifer J. Carlson
    T +1 650 331 2065
  • Nina L. Flax
    T +1 650 331 2070
  • Philip J. Niehoff
    T +1 312 701 7843
  • Matthew Rossi
    T +1 202 263 3374
  • Matthew Bisanz
    T +1 202 263 3434
  • Nicholas McCoy
    T +1 202 263 3015
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