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October 21st, 2022
State Regulators Charge NFT Casino Project With Securities Violations
Blockchain Technology Co-Chair Jeremy S. Goldman is quoted in the article, “State Regulators Charge NFT Casino Project With Securities Violations” published by Decrypt. The article discusses the emergency cease-and-desist orders filed against Slotie by state securities regulators from Texas, New Jersey, Kentucky, and Alabama. Jeremy believes it makes perfect sense that an NFT project like Slotie would be one of the first to incur a securities regulator’s wrath. He is quoted saying, “This is low-hanging fruit. [Slotie NFTs] are marketed as giving the holders a passive income in revenue that's generated through the efforts of Slotties and its partners, which is the definition of a security.” One reason these states may have chosen to pursue Slotie for securities violations, Jeremy says, is the fact that the case pertains to gambling, a highly regulated and closely monitored sector of state law enforcement. He says, “I imagine that part of the reason it came from the states is because they started with concern over gambling. And then, I guess, as a matter of litigation strategy and enforcement, they thought that the securities angle was an easier shot.”
Jeremy sees the biggest development from this week’s enforcement action against Slotie to be the indication that there could be even more dogs in that fight than previously anticipated. He says, “The federal agencies are not the only sheriffs in town. I can only speculate, but it does feel to me that there's some jockeying for power and control. And this is a signal that the states still have a role to play when it comes to even securities in the crypto space.”
Read the full article here.
Other Quoted
‘I have been hunted down by HR reps, lawyers, and comms people:’ Developers discuss the pain and prevalence of side work clauses
Wendy Stryker was quoted in a Game Developer article discussing "side work clauses," also known as "moonlighting clauses," in video game industry employment contracts. Read more.
July 30 2026
Experts: Ending Adequate Provision Would Shut Down Prescription Drug Ads
Jeffrey A. Greenbaum was quoted in the Regulatory Affairs Professionals Society (RAPS) article, "Experts: Ending Adequate Provision Would Shut Down Prescription Drug Ads." The article discusses the FDA's proposal to eliminate the "adequate provision" requirement in direct-to-consumer (DTC) prescription drug advertising, a change that experts say could effectively result in a de facto ban on prescription drug advertisements. Read more.
July 21 2026
What Cannes Lions Can Teach Us About Advertising’s Most Important Customer
Cannes Lions brought important conversations to the stage about advertising’s most important stakeholder: the public. Read more.
July 2 2026
