Petabyte Technology Inc. Acquired by Chewy Inc.

Stradley Ronon represented Petabyte Technology Inc., a provider of cloud-based technology solutions to the veterinary sector, in a $43.4 million acquisition by Chewy, Inc., an online provider of pet food and treats, pet supplies, pet medications and other pet-health products and services. The acquisition is expected to further strengthen Chewy’s pet healthcare product and service […]

OECD Crypto Tax Framework To Require $50,000 Reporting Threshold for Crypto Service Providers

By Christopher Scarpa and Jin Park The Organization for Economic Cooperation and Development (OECD) issued Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard, in which OECD proposes to modernize tax administration and reporting requirements for cryptocurrency. The framework would make crypto-assets exchanges, brokers, dealers and ATMs subject to reporting on behalf of customers. The framework […]

SEC Brings First Crypto Insider Trading Case: Alleges That Nine Digital Assets Trading on Coinbase Are Securities

By: Jan Folena and Susan Gault-Brown The Securities and Exchange Commission (SEC or Commission) has brought its first crypto1 insider trading enforcement action2 involving nine digital coins available for trading on the Coinbase Global, Inc. (Coinbase) trading platform.3 Integral to the SEC’s insider trading allegation are its assertions that the nine digital coins trading on Coinbase are investment […]