Telegram Refuses to Share ICO Financials with the SEC
Encrypted messaging platform Telegram is hesitant to hand over financial details related to its initial coin offering (ICO) to the Securities and Exchange Commission (SEC).
Longfin CEO Reaches $400,000 Settlement With SEC Over Fraud Charges
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S. Meenavalli, on charges of fraud.
SEC Charges Shopin CEO With Fraud Over Unregistered $42M ICO
The U.S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering.
SEC green-lights $15 billion asset manager's bitcoin futures fund
A new bitcoin futures fund managed by the $15 billion asset manager Stone Ridge has been approved by the U.S. Securities and Exchange Commission (SEC). While firms like Galaxy Digital and VanEck have recently rolled out similarly structured funds, the new fund intends to invest only in cash-settled futures, which addresses regulatory concerns regarding potential market manipulation and has won it a personal endorsement from SEC official Dalia Blass.
Telegram Investor Documents Say BNY Mellon, Credit Suisse Helped Process $1.7B ICO
Telegram told investors it was using Wall Street megabanks BNY Mellon and Credit Suisse to move and store fiat currency raised in last year’s blockchain token sale, court filings show.
Us Sec Re-Opens Infamous Bitcoin Scammer Case
According to recent documents, the United States Securities and Exchange Commission (SEC) believes that the case against the serial Ponzi scammer, Renwick Haddow, has yet to be properly solved.
SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor
The U.S. Securities and Exchange Commission (SEC) wants Telegram’s former chief investment advisor to testify and hand over documents related to the company's $1.7 billion 2018 token sale.
SEC Blasts Kik’s ‘Void for Vagueness’ Defense of 2017 ICO
The U.S. Securities and Exchange Commission (SEC) said Kik’s August defense of its $100 million initial coin offering (ICO) was “untenable” and is asking judges to toss it.
SEC Draws on Investor Communications to Halt Telegram Token Launch
To justify halting the launch of Telegram’s long-awaited $1.7 billion blockchain project, the Securities and Exchange Commission (SEC) relied heavily on communications obtained from investors.
SEC Halts Telegram’s $1.7 Billion ‘Unlawful’ Token Issuance
The U.S. Securities and Exchange Commission (SEC) secured an emergency restraining order against the Telegram Group and its subsidiary TON Issuer for their $1.7 billion token sale.
US SEC, FinCEN, CFTC Jointly Warn Against Illicit Use of Crypto Assets
The chairmen of the three primary financial regulators in the United States have released a joint statement warning crypto users of anti-money laundering (AML) and countering the financing of terrorism (CFT) obligations.
Bitcoin isn’t a security according to SEC staff
Bitcoin isn’t as security, according to an October 1, 2019 letter from the SEC’s Division of Investment Management staff.
US Congress Schedules Sept. 24 Hearing With SEC With Crypto on Agenda
The United States House of Representatives Committee on Financial Services has scheduled a hearing with Securities and Exchange Commision (SEC) Chairman Jay Clayton and four other SEC commissioners to discuss, among other topics, crypto.
Blockchain Firm Settles With SEC Over Unregistered $6.3 Million SAFT
A healthcare-focused blockchain firm has settled charges with the U.S. Securities and Exchange Commission (SEC) over its 2017 ICO.
SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security
Investors in the cryptocurrency XRP have filed a new complaint against Ripple that marshals the Securities and Exchange Commission’s own words to argue that the startup illegally sold unregistered securities.
SEC again delayed decisions on three bitcoin ETFs, setting new deadlines in September and October
The Securities and Exchange Commission (SEC) again postponed decisions on three bitcoin exchange-traded fund (ETF) proposals, according to several documents released by the regulatory agency on Monday.
SEC, FINRA Issue Explanation of Crypto Custodian Approval Delay
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) believe there are a number of questions they need to address before they can approve crypto companies’ applications to become broker-dealers.
Bitcoin ETF Will Be Approved When This Happens: SEC Commissioner
An SEC commissioner who’s a bitcoin skeptic admits the agency is experiencing internal disagreements over how to regulate crypto. However, Robert Jackson says the SEC will be more likely to approve crypto proposals, such as a bitcoin ETF, once the industry matures.
SEC Chairman: Other Market Protections Needed Before Bitcoin ETF Approval
United States Securities and Exchange Commission (SEC) Chairman Jay Clayton said that the regulator needs to feel comfortable with cryptocurrency custody and ensure no market manipulation can take place before approving a crypto exchange-traded fund (ETF). Clayton made his remarks during an interview with CNBC on June 6.
Skeptic’s lens: Not defending crypto anymore?
The U.S. Securities and Exchange Commission (SEC) sued Kik yesterday, accusing the firm of illegally raising $100 million in an unregistered securities offering in 2017. The filing alleges that Kik, which has never been profitable, sold Kin tokens primarily because of concerns it would run out of money by the end of 2017. Kik was allegedly unable to raise more capital in traditional ways and the token sale was viewed as a “Hail Mary pass” by one of its board members. The SEC is seeking a permanent injunction, a penalty, and disgorgement with interest.