ICO Law Glossary of Terms | ICO Lawyer Resources

ICO Law | ICO LawyerICO Law Glossary:
Acronyms and Vocab

Below is a handy glossary of terms that you may run across in the blockchain, cryptocurrency, and ICO eco-systems. If you are a startup interested in exploring ICO options, get in touch. Our firm regularly works with businesses on various cryptocurrency and blockchain compliance matters.

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ICO Law Glossary

Acronym / Word Definition
AIF Alternative Investment Fund
AML Anti-Money Laundering
ATS Alternative Trading System
BitLicense A New York State license issued by the Department of Financial Services regulations, that every party conducting virtual currency business in New York.
Blockchain A database technology that allows for immutable transaction records; it's often called a "digital ledger."
BSA Bank Secrecy Act
CEA U.S. Commodity Exchange Act
CFTC U.S. Commodity Futures Trading Commission
Cryptocurrency Decentralized, encrypted, decentralized currency; synonym for "virtual currency".
DLT Distributed Ledger Technology
Dodd-Frank Dodd-Frank is the shorthand term commonly used when referring to the Wall Street Reform and Consumer Protection Act, which was put in place after the financial crisis of the noughties.
DOJ U.S. Department of Justice
Ethereum A popular digital currency that authorities don't consider to be a security
Exchange Act U.S. Securities Exchange Act of 1934
Fiat Currency Government-Issued, Paper Currency
FinCEN U.S. Department of the Treasury's Financial Crimes Enforcement Network
IAA U.S. Investment Advisers Act of 1940
IB An IB is an "introducing broker."
ICA U.S. Investment Company Act of 1940
ICO Initial Coin Offering
IOSCO International Organization of Securities Commissions
IRS U.S. Internal Revenue Service
Miners Network participants that create new tokens by running complex algorithms to verify transactions.
Ripple Ripple Labs Inc., a popular cryptocurrency
SAFT Simple Agreement for Future Tokens
SAR Suspicious Activity Report
SEC U.S. Securities and Exchange Commission
Securities Act U.S. Securities Act of 1933
Token Digital Currency Unit

ICO Law: News and Views

ICO Law: Regulation A+ for Your ICO?

The United States Securities and Exchange Commission qualified two crypto-token offerings under Regulation A+. Would your startup qualify?

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Lawsuit Could Hamstring the Entire US ICO Market

The SEC sued Kik. It's a financial securities law inflection point. The case will impact how “common enterprise" is defined when in comes to crypto.

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ICO Law topic: class action lawsuit example

Deconstructing an ICO Class Action

Initial coin offerings are becoming more popular. As a result, ICO lawsuits are also on the rise. In this post, we go over a typical ICO lawsuit.

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ICO Law: Clayton clarifies howey test use

SEC Chairman Sets The Record Straight on ICOs

The chairmen of the Securities and Exchange Commission made it clear that the agency uses the Howey test to determine if an ICO is a security.

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ICO Law: Is my ICO a security Howey Test

Howey Test: Figuring Out If Your Token Is A Security

The Howey Test is the standard judges use to determine if an ICO qualifies as a security under SEC rules. Click for a plain-English overview of the rule.

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ICO Law: Blockvest Reversal

Are All ICOs Securities According to the SEC?

In an unexpected announcement, the Blockvest judge reversed his ruling. The decision clarifies ICO law and the parameters for crypto securities.

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