SEC News

Breaking! SEC Halts Telegram over $1.7 Gram Token Sales
Breaking! SEC Halts Telegram over $1.7 Gram Token Sales
11 October 2019, 21:45
The United States Securities and Exchange Commission (SEC) has filed an emergency action as well as obtained a temporary restraining order against Telegram Group Inc. and its wholly-owned subsidiary, TON Issuer Inc.
Hopes Dashed as SEC Says No to Bitwise Bitcoin ETF
Hopes Dashed as SEC Says No to Bitwise Bitcoin ETF
10 October 2019, 04:07
The U.S SEC disapproved a Bitcoin ETF application by Bitwise Asset Management.
SEC’s Division Clarifies Bitcoin Isn’t a Security
SEC’s Division Clarifies Bitcoin Isn’t a Security
05 October 2019, 19:49
The Division of Investment Management staff of the United States Securities and Exchange Commission (SEC) clarified in a letter dated October 1 that Bitcoin is not a security.
Crypto Firm Longfin Corp to Settle SEC Penalties for $6.8M
Crypto Firm Longfin Corp to Settle SEC Penalties for $6.8M
01 October 2019, 08:49
Longfin Corp will pay near $6.8 million to settle a lawsuit filed against it by the U.S SEC.
EOS Maker Fined $24M by SEC for $4 Billion Unregistered ICO
EOS Maker Fined $24M by SEC for $4 Billion Unregistered ICO
01 October 2019, 06:39
Block.one the company behind the EOS blockchain project has settled charges with the SEC for $26 million.
XRP Labeled Likely ‘Security’ By New Industry-Made Rating System
XRP Labeled Likely ‘Security’ By New Industry-Made Rating System
30 September 2019, 12:52
A new rating published by the newly formed Crypto Rating Council labels the XRP cryptocurrency as likely ‘security’ with a 4/5 rating.
Kik CEO Vows to Fight SEC ‘Until No Dollar is Left’
Kik CEO Vows to Fight SEC ‘Until No Dollar is Left’
26 September 2019, 12:05
Kik Interactive CEO, Ted Livingston has reportedly vowed to drive his company into bankruptcy if need be, in the ongoing legal battle with the United States Securities and Exchange Commission (SEC).
SEC Institutes Proceedings for the Wilshire Phoenix Bitcoin ETF Proposal
SEC Institutes Proceedings for the Wilshire Phoenix Bitcoin ETF Proposal
24 September 2019, 19:54
The US SEC has instituted proceedings to decide whether or not to approve a proposed rule change by Wilshire Phoenix to list and trade shares of their Bitcoin and Treasury Investment Trust on NYSE Arca.
SEC Charges Founder of $63,000 Fake Adult Site ICO
SEC Charges Founder of $63,000 Fake Adult Site ICO
24 September 2019, 08:28

The U.S Securities and Exchange Commission (SEC) has added Fantasy Market founder, Jonathan Lucas to its list of crypto-related crime offenders, according to a press release published Monday.

Kik Messaging App to Shutdown as SEC Lawsuit Takes Its Toll
Kik Messaging App to Shutdown as SEC Lawsuit Takes Its Toll
24 September 2019, 06:33
The Kik messaging app will discontinue following Kik Interactive's ongoing lawsuit with the U.S SEC.
Bitwise Resolute on Bitcoin ETF Despite Slim Chance in 2019
Bitwise Resolute on Bitcoin ETF Despite Slim Chance in 2019
20 September 2019, 16:05
Bitwise has pledged to continue fighting for the Bitcoin ETF cause irrespective of what the SEC decides on October 13.
Ripple Snubs ‘Security’ Claims In Motion to Dismiss Lawsuit
Ripple Snubs ‘Security’ Claims In Motion to Dismiss Lawsuit
20 September 2019, 08:38
Ripple has filed a motion to dismiss a lawsuit claiming that its sale of XRP tokens was a violation of California and federal securities law.
SEC Sues ICOBox for $14.6M ICO and $650M Fundraise For Others
SEC Sues ICOBox for $14.6M ICO and $650M Fundraise For Others
18 September 2019, 22:40
The U.S SEC has sued ICOBox for its ICO in 2017 and helping other startups raise money by serving as an unregistered broker.
VanEck, SolidX Pulls Out of Bitcoin ETF Race
VanEck, SolidX Pulls Out of Bitcoin ETF Race
17 September 2019, 23:37
VanEck, SolidX, has withdrawn their request for a proposed rule change to list a Bitcoin exchange-traded fund (ETF) on Cboe Exchange.
Jay Clayton Reports ‘Progress’ is Being Made on Bitcoin ETFs
Jay Clayton Reports ‘Progress’ is Being Made on Bitcoin ETFs
10 September 2019, 07:14
Chairman of the United States Securities and Exchanges Commission (SEC), Jay Clayton has reported that progress is being made on the path to approving the first Bitcoin exchange-traded fund (ETF).
Crypto Regulations in America are ‘Half-measures and Misguided’ — Harold J. Ford
Crypto Regulations in America are ‘Half-measures and Misguided’ — Harold J. Ford
09 September 2019, 19:18
Harold J. Ford, a former Congressman representing Tennessee’s 9th District in the U.S. House of Representatives, has called on regulators to provide clear regulations for crypto startups in the country.
VanEck, SolidX Plans Bitcoin ETF-like Product Under SEC Rule
VanEck, SolidX Plans Bitcoin ETF-like Product Under SEC Rule
03 September 2019, 16:21
VanEck and SolidX plan to launch on Thursday, a new Bitcoin-ETF like product targeting institutional investors who want exposure to Bitcoin.
ICO Rating Service Settles SEC Charges for $268,998
ICO Rating Service Settles SEC Charges for $268,998
21 August 2019, 17:36
Popular rating website, ICO rating settle charges with the U.S SEC for not disclosing payment it received to promote certain projects on its website.
Veritaseum ICO — SEC is Hurting Investors They Claim to Protect
Veritaseum ICO — SEC is Hurting Investors They Claim to Protect
20 August 2019, 17:32
Reggie Middleton, and his company, Veritaseum has issued a legal response to the SEC's securities and fraud law violation allegations.
SEC No-Action Letter for Pocketful of Quarters Took Almost One Year — Lewis Cohen
SEC No-Action Letter for Pocketful of Quarters Took Almost One Year — Lewis Cohen
16 August 2019, 06:17
Lewis Cohen revealed that it took almost one year to secure the SEC no-action letter for Pocketful of Quarters.
Court Allows SEC to Freeze $8 Million Assets From Veritaseum ICO
Court Allows SEC to Freeze $8 Million Assets From Veritaseum ICO
14 August 2019, 05:55
The SEC froze $8 million worth of assets belonging to Reginald “Reggie” Middleton and two companies he owns, Veritaseum, Inc. and Veritaseum, LLC.
Fresh Woe for Ripple? New XRP ‘Security’ Filing Cites SEC Guidance
Fresh Woe for Ripple? New XRP ‘Security’ Filing Cites SEC Guidance
13 August 2019, 15:54
Ripple Labs Inc, is facing a lawsuit filed by Lead Plaintiff, Bradley Sostack who claimed he lost money by investing in XRP. He quoted the SEC's guidance on crypto tokens.
Hester Peirce Says Crypto Regulatory Competition is Healthy
Hester Peirce Says Crypto Regulatory Competition is Healthy
02 August 2019, 14:02
SEC Commissioner Hester Peirce spoke favorably about the diverse regulations by different jurisdictions around the world to govern the emerging cryptocurrency industry.
Jeremy Allaire Calls for Unified U.S Crypto Regulation
Jeremy Allaire Calls for Unified U.S Crypto Regulation
30 July 2019, 19:16
Jeremy Allaire asked the U.S Congress to adopt national policies that define and establish digital assets as a new asset class including appropriate rules and exemptions.
U.S SEC Clears Quarters Token Distribution as ‘Non-Security’
U.S SEC Clears Quarters Token Distribution as ‘Non-Security’
26 July 2019, 07:22
The United States Securities and Exchanges Commission (SEC) on July 25 cleared Pocketful of Quarters (PoQ) to issue blockchain-based tokens without registration.
SEC Approves First Public Token Offering Under Reg A+
SEC Approves First Public Token Offering Under Reg A+
11 July 2019, 09:08
The United States Securities and Exchanges Commission (SEC) has approved an earlier application submitted by a blockchain-based startup, Blockstack to conduct a public token offering.
SEC Releases Guidance on Digital Asset Custody
SEC Releases Guidance on Digital Asset Custody
09 July 2019, 09:54
The United States Securities and Exchanges Commission (SEC) in conjunction with the Financial Industry Regulatory Authority (FINRA) released a notice regarding broker-dealer custody of digital asset securities.
U.S Blockchain Association Takes Over KIK’s Defend Crypto Fund
U.S Blockchain Association Takes Over KIK’s Defend Crypto Fund
28 June 2019, 16:48
The U.S Blockchain Association (USBA) will now manage the residual $2 million fund which KIK raised from the crypto community to take the U.S Securities and Exchanges Commission (SEC) to court
Bitmain Planning U.S IPO Application Next Month
Bitmain Planning U.S IPO Application Next Month
21 June 2019, 15:00
Bitmain would within the next month apply for an IPO to hold on a U.S exchange according to Bloomberg sources.
YouNow Files With SEC for $24 Million Token Distribution
YouNow Files With SEC for $24 Million Token Distribution
20 June 2019, 04:18
The blockchain-based video platform, YouNow has filed a Reg-A+ offering circular for its Props token with the United States Securities and Exchange Commission (SEC).
Behind the Move — Binance US & Users Losing Access to Binance.com
Behind the Move — Binance US & Users Losing Access to Binance.com
14 June 2019, 10:18

Leading cryptocurrency exchange, Binance, announced today, the upcoming launch of its new subsidiary, Binance US.

Jay Clayton — Custody and Market Manipulation Hinders Bitcoin ETF
Jay Clayton — Custody and Market Manipulation Hinders Bitcoin ETF
06 June 2019, 21:37
U.S SEC Chairman Jay Clayton has revealed the crypto market must satisfy custody features and market manipulation issues if it will ever get an ETF approval.
SEC Officially Sues Kik for its $100 Million ICO in 2017
SEC Officially Sues Kik for its $100 Million ICO in 2017
04 June 2019, 19:11

The United States Securities and Exchanges Commission (SEC) has officially sued Canada-based messaging platform, Kik for its ICO in 2017 through which the company raised near $100 from token sales.

Kik Raise $5+ Million to Take U.S SEC to Court
Kik Raise $5+ Million to Take U.S SEC to Court
28 May 2019, 12:39
Kik Interactive plans to take the U.S Securities and Exchanges Commission (SEC) to court over its $100 Million ICO raise in 2017.
U.S SEC Halts $30 Million Argyle Coin as Ponzi
U.S SEC Halts $30 Million Argyle Coin as Ponzi
21 May 2019, 16:05
The United States Securities and Exchanges Commission (SEC) obtained a court order to halt the operations of Argyle Coin LLC because its owner is operating a $30 million Ponzi scheme.
Ted Livingston — U.S Regulation Slows Down Crypto Innovation
Ted Livingston — U.S Regulation Slows Down Crypto Innovation
17 May 2019, 07:32
Ted Livingston, Founder of the Kin messaging platform, blamed regulatory uncertainty as a principal reason why the U.S cryptocurrency industry has failed to reach its potential.
Regulatory Concerns — Poloniex to Delist 9 Tokens for U.S Users
Regulatory Concerns — Poloniex to Delist 9 Tokens for U.S Users
16 May 2019, 21:58
Because of regulatory concerns, Poloniex exchange will stop U.S customers from trading the following nine cryptocurrencies, ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP.
Alex Tapscott Fined $25000 by U.S SEC
Alex Tapscott Fined $25000 by U.S SEC
15 May 2019, 18:49

The United States Securities and Exchanges Commission (SEC) said in a May 14 notice that it had fined Canada-based blockchain entrepreneur, Alex Tapscott, and his firm NextBlock Global the sum of $25,000.

U.S SEC Delays Bitwise ETF Proposal Again
U.S SEC Delays Bitwise ETF Proposal Again
14 May 2019, 19:32
The United States Securities and Exchanges Commission (SEC) will not give its ruling but will continue accepting public comments regarding a Bitcoin ETF application filed in January by Bitwise Investment Advisers in partnership with NYSE Arca.
When Does an IEO Break U.S Securities Law?
When Does an IEO Break U.S Securities Law?
14 May 2019, 13:15
Before you sell your IEO tokens, know when you're breaking U.S Securities law. Top U.S SEC Official Valerie Szczepanik has confirmed when IEOs breach regulations.
Crescent Crypto Submits Crypto ETF Application
Crescent Crypto Submits Crypto ETF Application
10 May 2019, 16:06
Crescent Crypto has submitted a cryptocurrency exchange-traded fund proposal to the United States Securities and Exchanges Commission (SEC).
U.S SEC and CFTC Admits Growth in Digital Assets Industry
U.S SEC and CFTC Admits Growth in Digital Assets Industry
09 May 2019, 10:11
In the hearing before the Senate Committee on Appropriations, SEC Chairman, Jay Clayton, and CFTC Chairman J. Christopher Giancarlo acknowledged growth in the digital assets industry.
Another Former CFTC Chair Joins the Call for Crypto Regulation
Another Former CFTC Chair Joins the Call for Crypto Regulation
03 May 2019, 14:16
Former Commodity and Futures Trading Commission (CFTC) Chair, Gary Gensler has become the latest top official to lend his voice to the call for clear regulations to govern the crypto ecosystem in the United States.
SEC Halts Trading in Bitcoin Generation Stocks
SEC Halts Trading in Bitcoin Generation Stocks
29 April 2019, 18:39
The United States Security and Exchanges Commission (SEC) said on Monday that it is temporarily suspending trading of securities belonging to not-so-popular crypto startup, Bitcoin Generation Ltd (BTGN).
Arca Seeks SEC Approval for Stablecoin-Based Treasury Fund
Arca Seeks SEC Approval for Stablecoin-Based Treasury Fund
16 April 2019, 20:57
Los Angeles based crypto asset manager, Arca has filed a prospectus with the U.S SEC to create a new type of stablecoin that would allow holders to invest in the U.S Treasury securities.
Blockstack Wants to Conduct $50 Million SEC Compliant Token Sale
Blockstack Wants to Conduct $50 Million SEC Compliant Token Sale
11 April 2019, 13:01
Blockstack Token LLC plans to use the SEC Regulation A+ framework to sell Blockstack’s Stacks (STX) token worth $50 Million.
Texas Regulators Issues Stop Order to Currency Exchange FxBitGlobe
Texas Regulators Issues Stop Order to Currency Exchange FxBitGlobe
10 April 2019, 19:12
Texas State Securities Commissioner, Travis J. Iles, has a taken an emergency action against, FxBitGlobe, a purported foreign and cryptocurrency exchange.
U.S Lawmakers Resumes Quest To Exempt Crypto From Securities Law
U.S Lawmakers Resumes Quest To Exempt Crypto From Securities Law
09 April 2019, 22:58
On Tuesday, April 9, U.S Rep Warren Davidson reintroduced an updated version of the Token Taxonomy Act (TTA) which was first unveiled to the Congress just before its closure at the end of 2018.
An Overview — SEC Division Releases Promised Guidance on ICO Tokens
An Overview — SEC Division Releases Promised Guidance on ICO Tokens
03 April 2019, 21:19
An overview of guidelines released by the SEC division on factors to consider in determining whether an ICO Token is a Security
SEC Agrees to “No Action” For TurnKey Jet Token Sale
SEC Agrees to “No Action” For TurnKey Jet Token Sale
03 April 2019, 16:30
In what appears to be an apparent first, the United States Securities and Exchanges Commission (SEC) has given its approval to a crypto project seeking exemption from any enforcement action by the regulators during its token sale.
Will SEC's New Job Listing Resolve Crypto ‘Security’ Saga?
Will SEC's New Job Listing Resolve Crypto ‘Security’ Saga?
01 April 2019, 17:21
Has the U.S Securities and Exchanges Commission (SEC) finally found a way to end the long-term debate regarding which cryptocurrencies to classify as securities and those that qualify for an exemption?
U.S SEC or CFTC Can Regulate Crypto — Timothy Massad
U.S SEC or CFTC Can Regulate Crypto — Timothy Massad
21 March 2019, 20:44
Former CFTC Chair Timothy Massad urges the Congress to appoint either the U.S SEC or the CFTC to regulate crypto-assets, trading platforms, custodians (or wallets), brokers and advisors.
U.S SEC Wants Your Input on Digital Asset Custody Rules
U.S SEC Wants Your Input on Digital Asset Custody Rules
19 March 2019, 12:57
The SEC wants industry experts to share their opinion on how the Custody Rule on non-delivery versus payment (non-DVP) transactions affect investment advisers and custodial trading services dealing in digital assets.
SEC’s Valerie Says Stablecoins Can Be “Security”
SEC’s Valerie Says Stablecoins Can Be “Security”
18 March 2019, 10:54
Crypto projects should meet with the U.S SEC to ask for permission before developing their stablecoin, instead of seeking regulatory assistance in the aftermath of creating a token that violates securities law.
Update — SEC Chairman Didn’t Say ETH is Not A Security
Update — SEC Chairman Didn’t Say ETH is Not A Security
13 March 2019, 19:38
In his follow-up explanation, Clayton did not say that Ether or any other crypto token is not a security under U.S laws.
SEC Chairman Ends Debate, Says ETH Token Not a Security
SEC Chairman Ends Debate, Says ETH Token Not a Security
12 March 2019, 18:23
Jay Clayton has comprehensively ended as debate any claims that Ether (ETH), the native token of the Ethereum blockchain is a security under U.S laws
Hester Peirce — Government Regulation Not the Only Way for Crypto
Hester Peirce — Government Regulation Not the Only Way for Crypto
11 March 2019, 16:16
SEC Commissioner, Hester Peirce suggests that the crypto industry can thrive without Federal legislation, stating it is not "the only way" for the space to progress.
Crypto OTC scam: how to avoid becoming a victim
Crypto OTC scam: how to avoid becoming a victim
06 March 2019, 19:26
If you consider executing an over-the-counter (OTC) deal with crypto, selling or buying bitcoin or any other cryptocurrencies in exchange for fiat cash or wire transfer, consider the following red flags which can help you not to get scammed.
SEC Settle Charges With Gladius Network ICO After Self-Report
SEC Settle Charges With Gladius Network ICO After Self-Report
20 February 2019, 21:12
Crypto Startup, Gladius Network reported itself to the SEC as an offender for selling unregistered securities and got a huge discount from the regulators.
SEC Begin Countdown For Bitwise Bitcoin ETF Application
SEC Begin Countdown For Bitwise Bitcoin ETF Application
15 February 2019, 15:10
U.S SEC will have 45 days to make its decision on whether to approve, reject or extend its deadline Bitwise's proposed rule change.
Court Reverses Decision Involving SEC and Blockvest
Court Reverses Decision Involving SEC and Blockvest
14 February 2019, 22:40
The ongoing case between crypto startup, Blockvest LLC and the U.S SEC has taken a new turn according to a notice released today by the securities watchdog when court ordered Preliminary Injunction.
SEC Halts ETF Sneaking Bitcoin Futures
SEC Halts ETF Sneaking Bitcoin Futures
14 February 2019, 12:31
The United States Securities and Exchanges Commission (SEC) has asked Reality Shares Advisors to withdraw its clever draft ETF prospectus that included Bitcoin Futures.
Newly Proposed ETF Will Sneak Bitcoin
Newly Proposed ETF Will Sneak Bitcoin
12 February 2019, 07:00
Reality Shares To Sneak Bitcoin in Clever ETF proposal filed with U.S SEC
Crypto-Friendly SEC Official — ‘Security’ Clarification Is Near
Crypto-Friendly SEC Official — ‘Security’ Clarification Is Near
11 February 2019, 16:26
SEC Commissioner, Hester Peirce has revealed what the SEC will likely do next in its war against ICO tokens.
Leaked — Top SEC Official Says Bitcoin ETF Will Soon Happen
Leaked — Top SEC Official Says Bitcoin ETF Will Soon Happen
08 February 2019, 12:56
After several rejected applications, SEC Commissioner Robert J Jackson Jr says we are we closer than ever to the first approval for a Bitcoin Exchange Traded Fund (ETF) by the U.S SEC.
CBOE Returns Bitcoin ETF Proposal To SEC
CBOE Returns Bitcoin ETF Proposal To SEC
01 February 2019, 10:50
Chicago Board and Options Exchange (CBOE) has resubmitted the VanEck SolidX Bitcoin ETF proposed rule-change to the U.S Securities and Exchanges Commission (SEC)
KIK VS SEC- Startup Challenge Proposed Regulatory Action
KIK VS SEC- Startup Challenge Proposed Regulatory Action
28 January 2019, 17:03
Kik Interactive Inc. has challenged the U.S Securities and Exchange Commission SEC) to a court case if the regulators impose an enforcement action against their platform.
Bitwise Bitcoin ETF Now Awaits SEC Resumption
Bitwise Bitcoin ETF Now Awaits SEC Resumption
25 January 2019, 20:37
Latest update on the proposed Bitwise Bitcoin ETF shows that its ally, the New York Stock Exchange (NYSE) Arca has submitted a filing pending the resumption of the U.S SEC.
CBOE Withdraws Bitcoin ETF Proposal
CBOE Withdraws Bitcoin ETF Proposal
24 January 2019, 04:06
The CBOE has withdrawn its Bitcoin ETF proposal with the U.S SEC. Once again, hopes dashed as crypto enthusiasts continue to wait for first Bitcoin Exchange Traded Fund (ETF) on a major U.S exchange.
Ghana SEC Considering Crypto Regulation
22 January 2019, 21:01
Ghana could follow South Africa to become the first regions in the continent to implement regulation for crypto companies. A top official disclosed that studies are already in progress while they are open to suggestions on how to view cryptocurrencies.
A New Report By OECD Centres on ICO Regulation
20 January 2019, 17:37
Authorities in different parts of the world are defining their framework for regulating Initial Coin Offerings, but such an approach will lead to disparity in the long run according to a new document released on January 15, by the Organisation for Economic Cooperation and Development (OECD).
SEC Database EDGAR Hacked By Ukrainian
16 January 2019, 20:59
The U.S SEC on Tuesday charged two Ukrainian natives, Oleksandr Ieremenko, 26, and Artem Radchenko, 27 as well as eight other stock traders for an alleged insider trading that took place in 2016. Ieremenko and Radchenko hacked into the SEC’s corporate filing system known as Edgar and made away with “market-moving corporate earnings news” that should not be made public profiting up to $4.14 million during that period
Crypto Shouldn't Be Regulated by Securities Law – Former Congressman
16 January 2019, 16:12
The former Washington D.C Rep George Nethercutt pointed the finger at the U.S Securities Exchanges Commission (SEC) for their decision to apply securities law to cryptocurrencies
First Crypto Tax Force Appears In New York
07 January 2019, 23:28
The cryptocurrency industry has once again come to spotlight in New York, with the state now arguably holding the record for creating the country's first crypto tax force. A New York State Assemblyman and the Chairman of the subcommittee on the internet and new technologies, Clyde Vanel, confirmed the latest development via a Facebook update.
Prometheum Seeking SEC Compliance Gets $12 Million in Funding
24 December 2018, 16:23
Prometheum, a crypto project that wants to fulfill the SEC’s requirement for issuing security tokens in the U.S had reportedly secured a $12 million investment last week, and now eyes the development of their blockchain network in 2019.
The US Congressmen Propose “Token Taxonomy Act” To Rescue ICOs From SEC's ‘Security’ Definition
21 December 2018, 08:54
The US Reps Warren Davidson and Darren Soto have followed up on their promise to provide a clear regulatory framework for the country's crypto industry, by releasing a new bill to the House
FSMA blacklisted 113 crypto trading sites
FSMA blacklisted 113 crypto trading sites
19 December 2018, 23:14
On Tuesday, Belgium’s Financial Services and Markets Authority (FSMA) added 14 websites to its blacklist of scam crypto sites, bringing the total number of website addresses on the list to 113
Some ICOs Can Legally Defy SEC Laws — SEC
Some ICOs Can Legally Defy SEC Laws — SEC
17 December 2018, 23:08
Despite the ongoing regulatory clampdown against ICOs for failing to comply with securities law, SEC's senior advisor for digital assets, Valerie A. Szczepanik has confirmed that there are certain situations where tokens could be free from their oversight.
Why is Basis Stablecoin Project Shutting Down?
13 December 2018, 19:59
Anonymous sources revealed that the Basis stablecoin would stop operations and return a majority of the $133 million funds it received from early investors such as Bain Capital Ventures and Andreessen Horowitz.
AriseBank’s executives settled SEC charges for $2,5 m.
AriseBank’s executives settled SEC charges for $2,5 m.
12 December 2018, 22:57
According to SEC press-release CEO Jared Rice Sr. and COO Stanley Ford “were accused of offering and selling unregistered investments in their purported “AriseCoin” cryptocurrency by depicting AriseBank as a first-of-its-kind decentralized bank offering a variety of services to retail investors.” and settled for $2,5 million.
SEC Chairman Calls ICO An Effective Fundraising Model
SEC Chairman Calls ICO An Effective Fundraising Model
11 December 2018, 21:45
Jay Clayton made the declaration while speaking to the audience at the SEC Progress Review event for 2018. He admitted, “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital.”
SEC Delay Bitcoin ETF Decision For The Last Time
SEC Delay Bitcoin ETF Decision For The Last Time
10 December 2018, 20:34
A document released by the US SEC last week confirmed that a decision on an application for such a derivative filed by fund manager VanEck and blockchain startup SolidX had been delayed for the third and final time until Feb. 27, 2019
CoinAlpha Advisors Fined $50,000 By SEC
CoinAlpha Advisors Fined $50,000 By SEC
10 December 2018, 18:36
The U.S Securities and Exchanges Commission (SEC) has compelled CoinAlpha Advisor LLC, a crypto fund manager to pay $50,000 in fines for carrying out an unregistered securities sale to investors.
Blockvest Claims Preliminary Victory Over SEC Claims
Blockvest Claims Preliminary Victory Over SEC Claims
30 November 2018, 22:32
The U.S Securities Exchanges Commission (SEC) has met its first federal opposition in the recent crackdown against ICO projects. According to law.com, a San Diego District Judge, Gonzalo Curiel denied a request for a preliminary injunction by the SEC against the issuers of Blockvest ICO tokens.
SEC Fines Mayweather and Dj Khaled For Promoting ICO
SEC Fines Mayweather and Dj Khaled For Promoting ICO
30 November 2018, 21:26
For promoting Centra ICO and failing to comply with securities law, the U.S SEC fined Floyd Mayweather to pay $300,000 in disgorgement, $300,000 as a penalty and $14,755 in interests. Dj Khaled faces a more favorable penalty with $50,000 to be paid for disgorgement, $100,000 as a penalty and $2725 in interest.
Nasdaq And VanEck Unite To Launch Bitcoin Futures
Nasdaq And VanEck Unite To Launch Bitcoin Futures
30 November 2018, 00:55
VanEck will use its digital asset pricing indices called MVIS to complement Nasdaq SMARTs Market Surveillance system in the development phase of the Bitcoin Futures contract. However, It is yet to be known whether returns on the contract will be physically-settled (paid in BTC) or backed with cash.
SEC Chairman: Almost All ICOs Are Non-compliant
SEC Chairman: Almost All ICOs Are Non-compliant
28 November 2018, 15:33

The recent clampdown on ICOs is not expected to end soon after the U.S SEC Chairman; Jay Clayton told CNBC reporters that the regulators’ definition of Initial Coin Offerings ICOs) remain the same and projects who fail to meet up to their requirements will still be considered “non-compliant.”

Smart Contracts May Not Be SEC Compliant
Smart Contracts May Not Be SEC Compliant
28 November 2018, 12:20
Speaking to a crypto publication, CryptoBriefing, Ben Wilkening, Director of Strategic Partnerships at Token IQ reckoned that many ICO projects do not know that they are not meeting up to a specific SEC law.
Colorado Division of Securities Shuts Down 4 ICOs
Colorado Division of Securities Shuts Down 4 ICOs
23 November 2018, 21:48
Colorado Division of Securities Shuts Down 4 ICOs and crypto projects: Credits LLC, Crowdshare Mining, Global Pay Net and CyberSmart Coin Invest
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
22 November 2018, 18:50
North Dakota securities regulators have haunted down the Union Bank Payment Coin (UBPC) impersonating a Union Bank AG, a commercial bank based in Liechtenstein
Founder of U.S First ICO Fraud Case Pleads Guilty
Founder of U.S First ICO Fraud Case Pleads Guilty
19 November 2018, 19:29

Maksim Zaslavskiy, the mastermind behind the first case of fraudulent ICO in the U.S has told a court in the Eastern District of New York (Brooklyn), that he is guilty of the offense.

November 12-18 weekly recap
November 12-18 weekly recap
19 November 2018, 10:00

To wrap up this week’s round of news reports, here is a quick review of the biggest headlines around cryptocurrencies, security tokens, and blockchain technology.

SEC Annual Report Sets Standard For ICOs
SEC Annual Report Sets Standard For ICOs
15 November 2018, 15:40

The US Securities and Exchanges Commission (SEC) has released its annual report for the fiscal year 2018, and unsurprisingly a more significant portion of the release focused on ICOs.

Ripple prepares to fight a lawsuit in federal court
Ripple prepares to fight a lawsuit in federal court
15 November 2018, 05:08

An ongoing lawsuit between Ripple Labs and investors who labeled XRP as a ‘security’ token, has been moved to a Federal Court according to reports by a financial news agency, Unbnked.

Thailand SEC Will List First ICO on it's 'Portal' Before Year End
Thailand SEC Will List First ICO on it's 'Portal' Before Year End
10 November 2018, 13:50

The Thailand Securities Exchanges Commission is stepping up plans to unveil at least one “ICO Portal” before the end of this month, and according to a Bangkok Post report, the agency wants to list some ICOs on the portal by December.

EtherDelta founder fined by SEC
EtherDelta founder fined by SEC
08 November 2018, 23:07

The U.S Securities and Exchanges Commission has charged and heavily fined, Zachary Coburn, for setting up a digital trading platform that allows traders to buy and sell tokens that have been marked as 'securities’ by the regulators.

U.S SEC Steps Up Efforts To Reduce Crypto Investment Fraud
U.S SEC Steps Up Efforts To Reduce Crypto Investment Fraud
08 November 2018, 04:28

The U.S Securities and Exchange Commission (SEC) has never taken it easy with fraudsters who rip unsuspecting investors of their crypto assets and is not planning to slow down their effort anytime soon.

SEC promised 'Plain English' ICO guidance
SEC promised 'Plain English' ICO guidance
06 November 2018, 15:47

The U.S Securities and Exchanges Commission (SEC) has plans in place to solve a common problem faced by crypto startups looking to organise an ICO.