SEC

SEC

SEC Rejects Latest Bitcoin ETF Bid

The U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix's bid for a bitcoin-based exchange-traded fund (ETF).

Policy & regulation  ·  26 February 2020
SEC

MoneyGram Got Another $11M From Ripple to Use Its Cross-Border Payments Tech

Payments firm Ripple has given MoneyGram over $11 million dollars in the past half year, according to regulatory filings with the Securities and Exchange Commission.

Business  ·  25 February 2020
SEC

SEC to Decide the Fate of Another Bitcoin ETF Proposal This Week

The SEC is poised to rule on another bitcoin ETF application this week. Wilshire Phoenix is hoping its novel fund structure might help it succeed where others have not.

Policy & regulation  ·  24 February 2020
SEC

US Court Tells Telegram and SEC to Focus on ‘Economic Realities’ of Gram Token Sale

In his first public comments on the case, federal judge P. Kevin Castel called on Telegram and the SEC to consider the "economic realities" of the case such as the gram token’s secondary market.

News  ·  19 February 2020
ICOs

ICO Project Enigma Settles SEC Charges Over $45M Token Sale

The SEC settled charges with Engima MPC alleging it raised $45 million in an unregistered securities sale with its 2017 ICO. Engima will refund investors and pay a penalty.

News  ·  19 February 2020
SEC

Crypto Industry Lauds Token Safe Harbor, but Warns of Risks

Crypto advocates are praising SEC Commissioner Hester Peirce’s token “safe harbor” proposal, though not without questioning the details.

Policy & regulation  ·  19 February 2020
SEC

A Safer Harbor: Improving Hester Peirce’s Proposal for Regulating Token Sales

Hester Peirce's safe harbor proposal would benefit from greater protections for token holders, say two law professors.

Policy & regulation  ·  18 February 2020
SEC

Peirce’s Safe Harbor is Worth a Look, But It May Not Be Worth the Effort

Hester Peirce's idea may not be formally considered by the SEC, but it could help refine and define future crypto regulation, say two advisers.

Policy & regulation  ·  18 February 2020
SEC

Preston Byrne: Peirce’s Safe Harbor Proposal Would Be Hilarious if It Weren’t so Serious

In his first column for CoinDesk, Preston Byrne responds to Hester Peirce's proposal for a token sale safe harbor.

Markets  ·  18 February 2020
Regulation

Hester Peirce: Tell Me How to Improve My Safe Harbor Proposal

SEC Commissioner Hester Peirce has proposed a new way to regulate token sales. If there are better alternatives, she wants to hear about them.

Policy & regulation  ·  18 February 2020
SEC

TON Developers, Investors Back Telegram in SEC Fight

A new organization composed of TON developers and investors has filed an amicus brief supporting Telegram in its fight against the SEC.

Policy & regulation  ·  14 February 2020
SEC

US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors

Michael Ackerman and unnamed business partners allegedly defrauded investors of $33M in a crypto-trading scheme targeting doctors.

News  ·  11 February 2020
Lawsuits

CFTC Asked to Provide Opinion in SEC Case Against Telegram ICO

A U.S. judge has asked lawyers from the Commodity Futures Trading Commission (CFTC) to provide an opinion in the case brought by the Securities and Exchange Commission (SEC) against Telegram's $1.7 billion token sale.

Policy & regulation  ·  7 February 2020
SEC

Now More Than Ever, SEC Is Scrutinizing Unregistered Token Offerings

The frequency of ICO-related enforcement actions has been increasing in the U.S.

Policy & regulation  ·  7 February 2020
SEC

SEC Commissioner Hester Peirce Proposes 3-Year Safe Harbor Period for Crypto Token Sales

SEC Commissioner Hester Peirce has unveiled her proposal to create a safe harbor for crypto startups, allowing them three years to build out their networks before having to address federal securities laws.

Policy & regulation  ·  6 February 2020