SEC

Regulation

Opporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public Defense

In an open letter, Sergey Grybniak claims his firm followed all regulatory guidance available at the time of its 2017–2018 initial coin offering.

Policy & regulation  ·  28 January 2020
Court Cases

Court Documents Reveal More Possible Investors in Telegram’s $1.7B ICO

Big names that may have invested in Telegram’s token sale are surfacing in court documents as the company fights a case brought by the SEC.

Policy & regulation  ·  27 January 2020
SEC

Federal Judge Orders Kik Technical Advisor to Sit for Deposition With SEC

Kik technical advisor Tanner Philp must sit for another deposition in the company's ongoing legal fight with the SEC over its 2017 token sale, a federal judge ruled Wednesday.

News  ·  22 January 2020
Court Cases

SEC Depositions Shed Light on Telegram’s $1.7B Token Sale

Newly released transcripts of the SEC’s depositions of Telegram executives offer a rare window into the logic and the mechanics behind its $1.7 billion token sale.

Policy & regulation  ·  22 January 2020
Court Cases

Blockchain Association Sides With Telegram Against SEC, Says Grams Are Not Securities

The U.S. advocacy group has come out strongly on the side of Telegram in its ongoing SEC court case.

Policy & regulation  ·  22 January 2020
Regulation

SEC Charges Blockchain Marketplace Opporty Over ‘Fraudulent’ $600,000 ICO

The firm is alleged to have conducted a fraudulent and unregistered sale of digital assets called OPP Tokens, raising around $600,000.

Policy & regulation  ·  22 January 2020
Regulation

Digital Chamber Asks Court to Draw Line Between Investment Contracts and Assets in Telegram Case

The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.

Policy & regulation  ·  22 January 2020
Grayscale

Grayscale’s Bitcoin Trust Is Now Open to More Investors as SEC Reporting Company

The trust’s shares are now registered under the Exchange Act of 1934, making the Grayscale Bitcoin Trust the first cryptocurrency investment vehicle to become a reporting company.

News  ·  21 January 2020
SEC

SEC: Cash-Strapped Telegram Launched 2018 Token Sale to Pay for Servers

Telegram launched its token sale because it was "short on cash" to pay for servers, the SEC said.

Policy & regulation  ·  17 January 2020
SEC

SEC Charges ICO Operator Who Used Alias After Past Conviction

The SEC has charged Blockchain Terminal founder Boaz Manor with securities fraud for a $30 million ICO conducted in 2017 and 2018.

News  ·  17 January 2020
Coinbase

Coinbase-Led Crypto Ratings Council Plans Transparency Boost as New Members Join

The Crypto Ratings Council, formed by Coinbase, Kraken and other exchanges last year, has added eToro and Radar as members. It's also planning to unveil its asset rating framework this year.

Policy & regulation  ·  16 January 2020
Exchanges

Liquid Exchange Cancels Sale of Telegram’s Gram Tokens

With the SEC lawsuit holding up the launch of Telegram's TON network, the Japan-based exchange has cancelled its sale of gram tokens and refunded investors.

Policy & regulation  ·  16 January 2020
SEC

Bitwise Withdraws Bitcoin ETF Application With the SEC

Bitwise's bitcoin ETF has been pulled, but the firm said it plans to refile at a later date.

Markets  ·  15 January 2020
ICOs

SEC Warns Crypto Investors of Initial Exchange Offerings in New Note

The SEC warned investors that initial exchange offerings, while claiming to be different from initial coin offerings, may still violate federal securities law.

News  ·  14 January 2020
SEC

SEC Produces Evidence That Telegram Kept Selling Tokens After $1.7B ICO

The SEC produced evidence that Telegram kept selling tokens after its ICO, undermining the firm's argument that the sale was exempt from registration.

Policy & regulation  ·  10 January 2020