On March 8, President Donald J. Trump announced tariffs of 25% on steel and 10% on aluminum. He justified his decision on national security grounds. Specifically, Section 232 of the Trade Expansion Act of 1962 (19 U.S.C.§1862) empowers the president to impose quantitative import restrictions on certain articles whose importation in certain quantities impairs national security. However, the president may only impose such restrictions after the responsible state agency has carr

Just five years ago, “blockchain” and “bitcoin” were words only heard amongst technology enthusiasts. There has since been an eruption of information and attention, fueled by the meteoric rise of cryptocurrency trading and initial coin offerings. Discussions on blockchain have reached classrooms, and a number of online open courses have cropped up to educate the eager and the curious. Banks, law firms, start-ups, and venture capital funds are all rushing to research, advise o

Introduction Initial coin offerings (ICOs), also known as initial public coin offerings (IPCOs), have become a controversial topic in the recent developments of cryptocurrency and blockchains. ICOs are an unregulated method of public offering and crowdfunding that allow startup companies to raise money by avoiding the cost of regulatory compliance (i.e. financial regulators) and intermediaries (i.e. investment banks). Unlike traditional initial public offerings (IPOs), which