News by results: securities

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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).

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.