Brendan Cochrane, Partner at YK Law recently participated in the 4th annual NFT industry event, NFT.NYC hosted June 20-23, 2022. NFT.NYC is the largest NFT industry event to date. As NFTs are extremely diverse, “The Diversity of NFTs” was a major focus for the conference this year. NFTs can be utilized in a variety of ways, from profile pictures on social media,…
Non-fungible tokens have gotten a lot of media attention over the last year. Some of it has come from record prices for certain digital items like the Bored Ape Yacht Club NFTs and some of it due to hacks and outright theft. In keeping with the times, the cannabis industry has begun exploring NFTs as a way to directly engage…
Jesse Weiner, Managing Partner of YK Law participated in the Cannes Film Festival with Lumière Project in May 2022. Lumière Project offers finance solutions for entertainment industry. Lumière currently operates with blockchain technology that entails considerably lower investment risks for recorded media investors. Lumière also joins in the development of NFT creation, development, as well as NFT creative film development.…
Cryptocurrency may not be everything, but in the eyes of US legal authorities, it may be getting close. Depending on who you ask, it could be a security, property, a commodity, or even money. Let’s look at this more closely. Could Cryptocurrency Be a Security? If we want to know whether cryptocurrency is a security, the first step, naturally, would…
Jesse Weiner, Managing Partner of YK Law participated in the Global Digital Assets Summit (GDAS) panel discussion on The Revolution of Digital Assets. GDAS gathers entrepreneurs, investors, and professionals worldwide for a 2-day conference discussing serval core topics of digital assets. Along with the amazing growth of the digital economy, new types of digital assets are being created constantly, and are increasingly…
The Department of Cannabis Control (DCC) continues to take steps in simplifying California’s robust set of cannabis regulations. On March 4, 2022, the DCC issued proposed rules as well as an explanation called the Initial Statement of Reasons. In adopting these new rules the DCC’s goal is to further “consolidate, clarify, and make consistent” licensing and enforcement regulations across all…
Industry insiders have known for some time that most cannabis businesses struggle with cash flow problems. This is caused by many factors such as federal illegality, high taxes and fees, including Section 280E of the tax code, a dearth of financing options, and burdensome and inefficient licensing and regulatory obligations. Now it appears that a significant proportion of the licensed…
YK Law, a United States law firm in association with leading Chinese law firm Yingke International, is pleased to announce that Michael Chong, Brendan Cochrane, Jason Huf, Joseph Perl and Craig Wolson have joined the firm as Of Counsel. These individuals bring decades of combined experience to YK Law and will be lending their services across a wide variety of…
On January 7, 2022, a class-action lawsuit was filed against the company and individuals behind the cryptocurrency EthereumMax. The suit also named Kim Kardashian, Floyd Mayweather and Paul Pierce as defendants. The plaintiff alleged that the principals behind EthereumMax engineered a classic pump and dump scheme with the help of the named celebrities. While it is hard to generalize from…
The technology sector is continuing to rapidly evolve, with the metaverse, NFTs, the blockchain and a host of other advancements sweeping industry discussions in the last year. The legal industry is deeply connected to tech advancements and as a result is also adapting to the “new normal”. In keeping with this, firms that are able to understand and expertly advise…