Associate
Norton Rose Fulbright US LLP
Gage Raju-Salicki is a litigator based in St. Louis. He is focused on securities, regulatory and commercial disputes with a particular interest in cryptocurrency. Gage has experience in the cryptocurrency sector working for the largest digital asset trade association in the United States.
Recent Articles & Comments
The Fifth Circuit held that Tornado Cash, a cryptocurrency mixer operated through "immutable smart contracts," is not "ownable," nor is it a set of "contracts" or "services" under the OFAC's definition of "property." In the ruling, the Fifth Circuit provided a clear explanation of blockchain technology and smart contracts, evincing a deep understanding of the underlying technology. This depth of understanding not only informs the opinion, but underscores the need for lawyers to thoroughly…
The National Association of Private Fund Managers v. SEC case was brought by private funds associations. A related case was by the Crypto Freedom Alliance of Texas ("Crypto Freedom Alliance") and the Blockchain Association ("BA") and decided by the same District Court on the same day. (See .)
These plaintiffs alleged that the SEC Dealer Rule was "arbitrary and capricious" because there was no required economic analysis with respect to cryptocurrencies, and…
The CFPB's final rule does not apply to digital assets. That is a significant victory for the crypto industry.
As to digital assets and crypto wallets, the final rule represents a total reversal from the proposed rule. In the , the CFPB explained that the defined term "funds" would "not be limited to fiat currency or legal tender" but would include "digital assets . . . [such as] crypto-assets[.]" In the release adopting the , the CFPB stated: "[a]fter considering…