SEC

Custody

The SEC Is Still Working Out What ‘Qualified Custodian’ Means for Crypto

The SEC’s recent statement about qualified custodians shows the federal agency is still puzzling out important questions for the crypto space.

Policy & regulation  ·  16 November 2020
SEC

SEC Commissioner Peirce Says Regulations Should Be Slow, Though Crypto Rules Could Be Faster

New regulations take time to allow for public feedback, SEC Commissioner Hester Peirce said at CoinDesk's Bitcoin for Advisors conference.

Policy & regulation  ·  9 November 2020
Security Tokens

SEC Finalizes Rule Change That Could (One Day) Juice Token Sales

Companies can now raise more money under three key securities exemptions without having to register with SEC.

Markets  ·  2 November 2020
SEC

First SEC Official to Say Ether Is Not a Security Is Leaving the Agency Later This Year

William Hinman, the director of the SEC’s division of corporation finance, is planning to leave the agency later this year.

Policy & regulation  ·  27 October 2020
SEC

Vortex Blockchain’s Registration Revoked for Failure to File Reports With SEC

The company had failed to file any reports with the commission since Dec. 31, 2019.

Policy & regulation  ·  23 October 2020
CoinFlash

Kik’s Token Survives SEC Battle, No Barrier to Exchange Listings, Says Kin Foundation

The Kin Foundation says both itself and the Kin token have survived the recently resolved court battle with the U.S. SEC over a 2017 ICO.

Business  ·  23 October 2020
ICOs

Kik, SEC Propose $5M Settlement Over $100M ICO, Ending Yearlong Battle

Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.

News  ·  20 October 2020
CoinFlash

SEC Will Be Forced to Give Crypto Guidance Despite Bureaucracy, Risk-Avoidance: Peirce

Increased interest in the crypto space will necessitate a more-accommodative stance, the commissioner predicted.

Policy & regulation  ·  10 October 2020
DeFi

SEC Commissioner Peirce Chats About DeFi, Tokens and Her Unikrn Dissent at LA Blockchain Summit

While Peirce steered clear of commenting on specific DeFi projects like SushiSwap, she pointed out that issuers of governance tokens do have to think about how they share characteristics with equities.

News  ·  6 October 2020
CoinFlash

John McAfee Arrested in Spain on US Criminal Charges

John McAfee allegedly received $11.6 million in bitcoin and ether for pumping ICOs in 2017 and 2018.

News  ·  5 October 2020
SEC

SEC Is Willing to ‘Try’ a Tokenized ETF, Chairman Says: Report

SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund.

Policy & regulation  ·  3 October 2020
SEC

Judge Rules Kik’s Token Sale Violated US Securities Law

A federal judge has ruled Kik's 2017, $100 million token sale violated U.S. securities law, and wants to see a proposal for refunds.

News  ·  30 September 2020
CoinFlash

SEC Alleges Big-Talking Florida Crypto Investor Defrauded Clients of $6.8M

Thomas J. Gity allegedly told his 18 investor's he'd never ended a trading day in the red.

News  ·  30 September 2020
CoinFlash

SEC Orders Salt Lending to Refund Investors in Its $47M ICO

The SEC has confirmed it is taking action against SALT Lending after ruling the company's $47 million ICO was an illegal securities issuance.

News  ·  30 September 2020
SEC

SEC Seeks Trial of Swedish National Over Alleged Fraud That Took $3.5M in Crypto

The man is alleged to have fleeced 2,200 victims in the U.S. and 45 other countries, netting $3.5 million via payments in bitcoin and other digital assets.

Policy & regulation  ·  30 September 2020