Crypto consulting services may violate securities laws: Lessons from the OSC’s settlement agreement with CoinLaunch Corp.

The Ontario Securities Commission (OSC) enforcement actions against CoinLaunch Corp. for activities the OSC designated as acts in furtherance of a sale of security raises questions around the application of securities law to activities beyond simply buying, selling or issuing security tokens. In this article, Tracy Molino, Ryan Middleton and Noah Walters analyze the implications of OSC’s enforcement actions and the subsequent settlement with CoinLaunch.

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About Tracy Molino

Tracy Molino is counsel in our Banking and Finance group. Tracy has extensive experience with payments law and technology, bank regulatory and policy matters, and consumer protection issues.

About Ryan Middleton

Ryan is a partner and department head in the Toronto office of the firm's Banking and Finance group. Ryan specializes in the areas of banking and finance, where he regularly provides counsel to international and domestic lenders and borrowers in all areas of debt financing transactions, including syndicated financings, acquisition financings, bond financings, real estate financings, asset-based lending, securitizations, project finance and subordinated/mezzanine financings.

About Noah Walters

Noah Walters (He/Him/His) is an associate in the Banking and Finance group at Dentons. His practice involves representing blockchain, FinTech and other emerging technology companies on financing and regulatory matters.