Ripple Avoids Securities Question in Motion to Dismiss XRP Lawsuit
Ripple has filed a motion to dismiss a lawsuit claiming it violated U.S. securities laws by selling XRP.
20 SEPTEMBER 2019
Pivoting from direct token sales, Harbor partners with real estate firm to tokenize $100 million in assets
Harbor, a startup that made headlines in April when its $20 million token sale fell through, is now helping other companies tokenize their securities.
17 SEPTEMBER 2019
Report: Thai SEC Approves Country’s First ICO Portal
Thailand’s securities regulator has approved the first initial coin offering (ICO) portal in the country, local daily news outlet the Bangkok Post reported on March 12.
13 MARCH 2019
The US arrests alleged leader of $3.7 billion cryptocurrency pyramid scheme
Authorities have arrested one leader on Wednesday of a cryptocurrency project called OneCoin, which prosecutors allege was in fact a pyramid scheme rather than a functional currency. Konstantin Ignatov was arrested on a wire fraud conspiracy charge, while his older sister, Ruja Ignatova, has been indicted for money laundering, and wire and securities fraud, in a document unsealed yesterday. Ignatova is currently at large.
9 MARCH 2019
Ripple Hires Ex-HSBC, CIT Exec as General Counsel After Five-Month Hiatus
Blockchain payments network Ripple announced it had hired a former HSBC general counsel to oversee its legal services and compliance, in a press release Jan. 30.
31 JANUARY 2019
Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says
Crypto loans startup Salt Lending and former board member Erik Voorhees are said to be under investigation by the U.S. securities regulator, according to The Wall Street Journal.
16 NOVEMBER 2018
PBoC's Digital Currency Chief Departs to Lead Securities Clearing House
The former architect of China's central bank digital currency (CBDC) initiative has left the position to head the country's central securities clearing house.
15 OCTOBER 2018
FINRA Charges Broker With Fraud for Trading Unregistered Cryptocurrency
The U.S. Financial Industry Regulatory Authority (FINRA) has filed a complaint against Timothy Tilton Ayre, charging him with securities fraud and the illegal distribution of an unregistered cryptocurrency, according to a statement released on FINRA’s website Tuesday, September 11.
12 SEPTEMBER 2018
Philippines' Proposed ICO Rules Presume All Tokens Are Securities
The Philippines is close to introducing new regulations governing how companies can legally raise funds through initial coin offerings (ICOs).
2 AUGUST 2018
Coinbase Says It Has Green Light to List Coins Deemed Securities
Coinbase Inc., one of the most popular cryptocurrency platforms, said it got the green light from U.S. watchdogs to move forward with a trio of acquisitions that will allow it to become one of the first federally regulated venues for trading digital coins deemed to be securities.
17 JULY 2018
Former SEC Chair Represents Ripple in Lawsuit for Alleged Sale of Unregistered Securities
Fintech company Ripple Labs has employed Debevoise & Plimpton’s Mary Jo White and Andrew Ceresney to represent them in a class action lawsuit for the alleged sale of unregistered securities, Law.com reported June 4. Mary Jo White previously held the position of chair at the US Securities and Exchange Commission (SEC).
5 JUNE 2018
Malta Proposes Test to Define When ICOs Are Securities
The EU nation of Malta is moving closer to introducing a test that would clearly define when assets derived from initial coin offerings (ICOs) are securities.
16 APRIL 2018