J. Dax Hansen

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Electronic Financial Services


News / Publications

Press Release

Perkins Coie is proud to announce the launch of The Virtual Currency Report, a new blog focused on the law and regulation of Bitcoin and other digital currencies.

General News

Perkins Coie Partner Dax Hansen was quoted in an article in CoinDesk titled, "Bitcoin Faces Regulatory Push in Senate Banking Committee Hearing."  The article discussed a recent Senate hearing about virtual currencies and the response to what was covered in the hearing. Most of the discussion in the hearing focused on the risks around bitcoin and how to best regulate it to mitigate those risks. But a lot of the reddit feedback centered on the need to let it breathe. There’s just one problem, said Dax, "It’s not a very rational discussion right now."

General News

Joseph Cutler was quoted in an article titled "Bitcoin: How to Regulate a Virtual Currency," regarding the use of Bitcoin as a medium of exchange and the impact that regulation may have on it in the future.

News Article

Dax Hansen was quoted in an American Banker article titled, "Bitcoin Group to California: You Have No Jurisdiction Over Us."  The article discusses a group that promotes the digital currency Bitcoin which has recently told California officials that selling the digital currency does not require a state money transmitter license.

General News

Perkins Coie was ranked #4 on the Top Law Firms for Patent Quality in Information Technology and #6 on the Top 20 All Industries list put on by Intellectual Asset Management magazine in accordance with Ocean Tomo PatentRatings. Ocean Tomo is a patent ratings company that specializes in assigning value to intellectual patents.

General News

Mobile donations are not new.  But the unprecedented success of recent mobile fundraising efforts, such as the Red Cross Haiti earthquake mobile fundraising campaign that raised over $32 million, has increased activity and interest in all aspects of mobile donations - including security.
Perkins Coie Partner Dax Hansen published an article this week in Security Magazine's electronic newsletter that addresses this topic.


On April 29, 2014, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a series of administrative rulings determining whether five different companies constitute money services businesses under FinCEN regulations.


On January 30, 2014, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued two administrative letter rulings that clarify the application of FinCEN’s regulations to certain participants in the virtual currency ecosystem.


The virtual currency industry is in the news once again following the October 1, 2013, Federal Bureau of Investigation’s shutdown of the “Silk Road” website.


A political action committee has sought an advisory opinion from the Federal Election Commission as to whether bitcoins can be accepted as political contributions and, if so, how bitcoins should be characterized and valued by recipients.


Riding the coattails of an August 6, 2013 federal court ruling that alleged Ponzi-schemer Trendon Shavers’ Bitcoin-based investment scheme constituted an investment contract, and therefore is a “security” under the federal securities laws, various federal and state lawmakers have aligned their attention to issues affecting the virtual currency market.


In response to the SEC’s first civil complaint arising from online virtual currency trading, alleged Bitcoin Ponzi schemer Trendon Shavers recently challenged the district court’s authority to hear the case.