SEC

ICOs

BitClave Search Engine Agrees to Pay Back $25M ICO in Settlement With SEC

BitClave will pay back over $25 million in a settlement with the SEC stemming from a 2017 token sale.

Policy & regulation  ·  28 May 2020
Token Sale

US Court Freezes Assets Linked to Alleged $9M ICO Scam

A federal court has frozen assets raised from investors in the Meta 1 Coin token sale.

News  ·  28 May 2020
Regulation

Telegram Quits Court Fight With SEC Over TON Blockchain Project

Telegram has thrown in the towel in its court battle against the U.S. Securities and Exchange Commission and will no longer be appealing the ban on its blockchain token project.

Policy & regulation  ·  25 May 2020
SEC

Kin Foundation Publishes First Transparency Report Amid SEC Court Fight

The Kin Foundation is offering a peek under the hood of its operations with a new transparency report published with Messari.

News  ·  21 May 2020
Lawsuits

Telegram Agrees to Give SEC Bank Records, Communications in Ongoing TON Lawsuit

Telegram will fork over bank records and communications with its investors in an agreement with the SEC as part of the agency's ongoing lawsuit.

News  ·  9 May 2020
SEC

Telegram Withdraws Offer to Repay Investors With Gram Tokens

Telegram says it won't be repaying investors in its 2018 TON token sale in gram tokens, one week after saying it could do so once the network launches.

Business  ·  4 May 2020
SEC

Telegram Caves to US Regulators: Delays Blockchain Launch, Offers to Return $1.2B to Investors

Messaging app Telegram postponed the launch of its TON blockchain on Wednesday, triggering a costly clawback clause in its agreement with investors.

Business  ·  30 April 2020
SEC

Judge Approved Blockchain Association’s Brief in Kik Case Despite SEC Objections

U.S. District Judge Alvin Hellerstein allowed the Blockchain Association to file a brief in the SEC v. Kik case a day after the regulator filed an objection to letting the group comment.

Policy & regulation  ·  28 April 2020
Lawsuits

SEC Opposes Blockchain Association’s Brief Supporting Kik, Says Group Isn’t ‘Neutral’

The SEC says 7 members of the Blockchain Association have financial interests in Kik in its opposition to the group's brief around the case.

News  ·  28 April 2020
ICOs

SEC, Kik Continue Court Clash Over $100M Kin Token Sale

The SEC and Kik doubled down on their respective views of whether the 2017 KIN token sale was a securities transaction in new legal filings published late Friday.

News  ·  25 April 2020
SEC

Blockchain Association Tries to Draw Legal Line Between Kik’s Token and Its 2017 Pre-Sale

The Blockchain Association is claiming that the U.S. Securities and Exchange Commission is wrongfully conflating Kik's exempt offering of securities during a 2017 ICO with the issuance of kin tokens

Policy & regulation  ·  21 April 2020
Regulation

Telegram’s Fight Against SEC Will Help Push Cryptocurrency Legislation, Says Trade Group

Telegram’s ongoing court battle with the SEC over its $1.7 billion token offering could put pressure on Congress to move cryptocurrency regulation forward, according to the Blockchain Association.

Policy & regulation  ·  9 April 2020
SEC

US Prosecutors Ask to Pause SEC Action Against Alleged Crypto Scammer

U.S. prosecutors are seeking to pause the SEC's civil action against Blockchain Terminal founder and alleged $30 million ICO fraudster Boaz Manor to complete their own criminal prosecution.

News  ·  8 April 2020
Court Cases

Blockchain Association Says Court ‘Erred’ With Decision to Block Telegram’s Token Issuance

The advocacy group has supported Telegram's appeal over a U.S. district court's decision to block the firm's token issuance – even outside the country.

Policy & regulation  ·  7 April 2020
Cryptocurrency

SEC Charges 2 With Fraudulent Water-Backed Token Sale

The SEC charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency TeshuaCoin.

News  ·  3 April 2020