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Capabilities 15 results

Industry

Cryptocurrencies, Digital Assets & Blockchain Technology

As interest in digital assets continues to rise, novel and complex legal issues emerge continually. Winston’s cross-border interdisciplinary team provides comprehensive regulatory, litigation, and transactional services on the array of issues confronting the digital assets industry. Our dedicated team features pioneering attorneys in the sector, leading litigators, former senior regulators, and in-house counsel....Read more

Industry

Technology, Media & Telecommunications

Practice Area

Financial Services Transactions & Regulatory

Winston’s attorneys routinely advise clients with respect to all major banking, FinTech, broker-dealer, investment adviser, and securities laws, and we bring considerable financial services regulatory experience to these matters. Our knowledge and experience enable us to represent clients effectively and efficiently in this current environment of change and evolution....Read more

Experience 4 results

Experience

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January 10, 2025

Winston Advises on Pioneering Bitcoin Crypto Lending Programs

Experience

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May 2, 2022

SAITECH Ltd. Becomes a Publicly Traded Company Via Merger with TradeUP Global Corp.

Winston & Strawn represented SAITECH Limited ("SAITECH" or the Company), a Eurasia-based energy saving bitcoin mining operator that engages in the hosting of bitcoin mining machines for its clients, in connection with its definitive business combination agreement with TradeUP Global Corp. (Nasdaq: TUGC for Class A ordinary shares; TUGCU for units) ("TradeUP Global"), a publicly traded special purpose acquisition company, that will result in SAITECH becoming a publicly listed company on NASDAQ under the new ticker symbol "SAI." The transaction values the Company, which generated revenue of approximately US$8.0M in the first half of 2021, at a pro forma equity value of US$228M. Estimated cash proceeds to the Company from the transaction are expected to consist of TradeUP Global's US$44.9M of cash in trust (assuming no redemptions). The Company expects to use the proceeds from the transaction to invest in SAITECH's growth initiatives and recycled energy technologies, including expanding the current mining data center operation capacity in Eurasia, deploying more heating data center sites in Northern Europe, exploring new mining operation sites globally, and to provide additional working capital in addition to covering transaction-related costs. Upon the closing of the transaction, and assuming none of TradeUP Global's public shareholders elect to redeem their shares, existing SAITECH shareholders, including ESAH, are expected to own approximately 80% of the outstanding ordinary shares of combined company, the TradeUP Global sponsor is expected to own approximately 4% of the outstanding ordinary shares of the combined company (and, together with certain affiliates that are existing shareholders of SAITECH), beneficially own approximately 14%), and TradeUP Global public shareholders are expected to own approximately 16% of the outstanding ordinary shares of combined company. ESAH will receive new Class B ordinary shares of TradeUP Global in exchange for existing Class B ordinary shares of SAITECH that will entitle ESAH to approximately 87% of the voting power of the TradeUP Global Class A ordinary shares and Class B ordinary shares voting together as a single class. Such new series of TradeUP Class B ordinary shares will otherwise have the same economic terms as Class A ordinary shares....Read more

Experience

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April 29, 2022

SAI.TECH Business Combination With TradeUP Global Corp.

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Insights & News 59 results

Non-Fungible Insights: Blockchain Decrypted

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February 11, 2025

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2 Min Read

Press Conference on Cryptocurrency Regulation

David Sacks, the White House Crypto Czar, led a joint press conference with key congressional leaders to provide insight into a bipartisan roadmap for digital asset legislation, ushering in the “Golden Age” of digital assets. Sacks emphasized the need for domestic innovation, regulatory clarity, and a move away from the prosecution and persecution of the digital assets industry. Sacks’ objective is to collaborate with the executive branch working group for digital assets and the SEC’s Crypto Task Force to accomplish the task that President Trump assigned in his Executive Order regarding digital assets.

Non-Fungible Insights: Blockchain Decrypted

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January 24, 2025

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2 Min Read

President Trump’s Sweeping Executive Order on Digital Assets and the Repeal of SAB 121

On January 23, 2025, President Trump signed an Executive Order (EO) on digital assets, blockchain technology, “and related technologies across all sectors of the economy,” demonstrating a dramatic shift in tone and approach from the Biden Administration. On the same day, the Securities and Exchange Commission (SEC) rescinded Staff Accounting Bulletin (SAB) No. 121 (SAB 121), removing a major impediment to financial institutions offering digital asset services.

PubCo Pulse

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November 25, 2024

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1 Min Read

SEC Chair Gary Gensler to Step Down: What This Means for ESG and Crypto Policy

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has announced that he will step down on January 20, 2025, coinciding with the inauguration of President-elect Donald Trump. This move comes as no surprise, as Trump had previously vowed during his campaign to remove Gensler. With Gensler's departure and his replacement by the President-elect, we can expect significant shifts in SEC policy, particularly in two key areas: Environmental, Social, and Governance (ESG) issues and cryptocurrency regulation....Read more
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Other Results 15 results

Site Content

What Is Bitcoin?

Bitcoin is a cryptocurrency that was created and issued independent of a central bank or government. Users can purchase bitcoins through an exchange and store them in a digital wallet. They can then purchase goods or services from vendors who accept payment in bitcoin. Transactions using bitcoin are made using encrypted codes, which are exchanged across a peer-to-peer network with anonymity. Digital wallets hold bitcoin addresses, which are unique indicators consisting of alphanumeric characters. Those making purchases can start a transfer request from their bitcoin address....Read more

Site Content

What Is Blockchain?

Blockchain is a technological system in which a digital list of records stored across a network. The network is a shared database comprised of a large number of computers. Blockchain is the primary technology for cryptocurrencies....Read more

Site Content

What Is Cryptocurrency?

Cryptocurrency is generally defined as a digital or virtual currency that uses cryptography for security and operates independent of a government, central bank, or similar authority. Cryptography is used to regulate the release of currency units and to verify financial transactions. Users of cryptocurrency generally send to each other through a peer-to-peer network, while remaining anonymous. The currency transfers occur through public and private keys. Every transaction is a file that includes the public keys of the sender and the recipient, as well as the amount of currency transferred. The transaction also requires the sender to confirm the transfer with a private key. ...Read more
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